By Eslam Salem
Doha – Mubasher: Doha Insurance shareholders approved on Sunday the distribution of cash dividends for FY15 at 10%, or QAR 1 per share.
They also ratified financial statements and balance sheet for FY15.
The company earlier posted a 44.1% rise in FY15 net profit to QAR 111 million ($30.47 million), from QAR 77 million ($21.13 million) a year earlier.
Chairman Nawaf bin Nasser Al Thani said, despite the profit rise, the operating results, especially insurance revenues and return on investments missed forecasts as they were negatively affected by regional and global volatility, especially in crude prices.
