Qatar General Insurance & Reinsurance Company discloses its financial statements for the year 201620 February 2017
Qatar General Insurance & Reinsurance Company disclosed its financial statements for the period ended on 31.12.2016. The statements shows that the net profit is QR 258.3 million (including non-controlling interests) compared to net profit amounting to QR 925.8 million for the same period of the previous year.
Earnings per Share (EPS) amounted to QR 2.51 for the period ended December 31, 2016 to EPS amounted to QR 10.58 for the same period of the previous year.
The Board of Directors have proposed in its meeting held on the 15th February 2017 a cash dividend of 15% of the nominal share value (QAR 1.5 per share) for the year ended 31 December 2016.The amounts are subject to the approval of the general assembly and regulatory authorities.