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.
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