Qatar General Insurance & Reinsurance Net Profit Down 20% to QR 245.81 Million in 2018

March 05, 2019

Qatar General Insurance & Reinsurance Company disclosed its financial statements for the period ended on 31/12/2018. The statements show a net profit of QR 245.81 million, compared to QR 307.38 million for the same period of the previous year.

The company’s earnings per share amounted to QR 2.81 for the period ended 31 December 2018, versus QR 3.51 for the corresponding period of 2017.

The company’s Board of Directors proposed a cash dividend of 10% of the nominal share value (QAR 1 per share) for the year ended 31 December 2018, provided that the dividends distribution proposal is adopted by the company’s General Assembly.

Noting that the financial statements and dividends distribution proposal are subject to Qatar Central Bank’s approval.