Qatar General Insurance & Reinsurance Company (QPSC) discloses its financial statements for the year 201718 February 2018
Qatar General Insurance & Reinsurance Company (QPSC) disclosed its financial statements for the period ended on 31.12.2017. The statements shows that the net profit is QR 307,381 thousand compared to net profit amounting to QR 219,341 thousand for the same period of the previous year.
Earnings per Share (EPS) amounted to QR 3.51 for the period ended December 31,2017 to EPS Amounted to QR 2.51 of the same period of the previous year.
The Board of Directors has proposed in its meeting held on the 14th February 2018 a cash dividend of 22% of the nominal share value (QAR 2.2 per share) for the year ended 31 December 2017, provided that the dividends distribution proposal be adopted by the company’s General Assembly.
Noting that the financial statements and dividends distribution proposal are subject to the approval of Qatar Central Bank.