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19/02/2018 07:28 AST
Qatar Islamic Insurance has reported more than 1% year-on-year rise in gross written contribution (premium) of QR316.6mn in 2017.
The insurer, which reported a shareholders' profit of QR61.9mn, has recommended 35% cash dividend to be approved by shareholders at the annual general assembly meeting.
The company's earnings-per-share was QR4.13 compared to QR4.23 a year ago.
The policyholders' surplus registered more than 100% growth to QR16.2mn in 2017 compared to QR7.9mn in the previous year.
Sheikh Abdulla bin Thani al-Thani, chairman of Qatar Islamic Insurance, said the company would distribute, for the eighth consecutive year, 20% surplus to all the eligible policyholders for 2017.
He said the board appreciated the management's efforts in achieving these results despite a very challenging environment in 2017 due to negative impact of low oil prices on national economy.
The management's prudent underwriting and risk management policies generated good technical results that supported overall results in 2017 when investment returns were falling, according to Ali Ibrahim al-Abdulghani, chief executive of Qatar Islamic Insurance.
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Qatar Islamic Insurance Group convened its Annual General Assembly Meeting for the year 2024, yesterday. The Board proposed to the assembly distribution of cash dividends of 50% of the paid-up capita
The Peninsula
15/11/2016
Qatar Islamic Insurance was awarded the "Family Takaful Company of the Year" at the '3rd Middle East Insurance Industry Awards 2016' held recently at Conrad Hotel in Dubai.
The award was rec
Gulf Times
28/02/2016
Qatar Islamic Insurance CEO Ali Ibrahim al-Abdulghani was awarded the prestigious 'Takaful CEO of the year' award at a ceremony held during the 10th International Takaful Summit 2016 at Jumeirah Carl
Gulf Times
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 178.00 | 2.20 (1.25 |
| TAWUNIYA | 153.80 | 4.00 (2.67 |
| ALRAJHITAKAFUL | 120.20 | -1.00 (-0.83 |
| RASAN | 84.50 | 0.60 (0.71 |
| QATI | 1.89 | 0.02 (1.06 |
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Commercial Bank, a leader in digital innovative solutions, recently held a joint workshop with Qatar Development Bank (QDB) represented by 'Qatar Exports', titled 'Contract Financing Workshop' to sho
The Peninsula
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Borouge, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, is collaborating with Honeywell to conduct a proof of concept for AI-powered autonomous op
Trade Arabia
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Mashreq, one of the leading financial institutions in the MENA region, has announced the opening of its representative office in Turkiye, reinforcing its long-standing commitment to supporting Turkis
Trade Arabia
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In a remarkable leap forward, Saudia has climbed to 17th place in the 2025 Skytrax ranking of the world's best airlines, marking a significant improvement from its 82nd position in 2016.
The
Asharq Al Awsat
25/06/2025
Southern Province Cement Company has announced that it has entered into a non-binding agreement with a leading Saudi cement group Yanbu to explore a potential merger.
The duo had an year ag
Trade Arabia
Financial Information Co.
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