Doha Insurance sells land plot for QAR145.3m

Qatar – Mubasher: Doha Insurance Co. concluded an agreement to sell a land plot in Marina area for QAR 145.3 million, the company said in a bourse filing Wednesday.

The company will generate QAR 78.4 million profit from the sale deal, according to a bourse filing.

The insurer earlier posted QAR 42 million ($11.53 million) net profit for the first nine months of 2015, down from QAR 57 billion ($15.64 million) in the prior-year period.

Mubasher Contribution Time: 16-Dec-2015 08:34 (GMT)