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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.
Gulf Times
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
19/04/2015
Qatar Islamic Insurance Company disclosed the interim financial statement for the three month period ended March 31, 2015. The financial statements revealed a net profit of QR 33.3 Million in compari
Qatar Exchange
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 172.60 | 0.60 (0.34 |
| TAWUNIYA | 148.20 | 1.00 (0.67 |
| ALRAJHITAKAFUL | 151.20 | -2.80 (-1.82 |
| QATI | 1.96 | 0.01 (0.51 |
| RASAN | 79.00 | 7.10 (9.87 |
13/03/2025
Asyad Shipping Company, one of the world's largest diversified maritime providers and a global leader in deep-sea transportation, successfully listed on the Muscat Stock Exchange (MSX) on Wednesday f
Muscat Daily
13/03/2025
Qatar Gas Transport Company (Nakilat) marked a significant milestone with the steel cutting ceremony for eight of its new LNG carriers at Hanwha Ocean Shipyard in South Korea.
These vessel
Trade Arabia
12/03/2025
Oman's Ministry of Energy and Minerals has entered into an Exploration and Production Sharing Agreement (EPSA) with OQ Exploration and Production (OQEP) and Genel Energy to develop Concession Block 5
Muscat Daily
11/03/2025
For the third consecutive year, Gulf Bank successfully organized an exhilarating fitness challenge at Lose Gain, a specialized group training gym. The event combined high-energy workouts with friendl
Khaleej Times
11/03/2025
Oman Telecommunications Company (Omantel) Group has reported significant growth in its financial results for the year 2024. The group's revenue (including Zain Group's operations) increased by 3%, fr
Muscat Daily
Financial Information Co.
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