By: Eslam Salem
Doha – Mubasher: The ordinary general meeting (OGM) of Qatar General Insurance and Reinsurance Company agreed on Tuesday on the distribution of annual dividends at 25% divided into 15% cash dividends, QAR 1.5 per share, and 10% bonus shares for the fiscal year 2015.
The company earlier distributed cash dividends at 20% of the share’s par value and 15% bonus shares for the fiscal year 2014.
During the company’s ordinary general meeting (OGM), shareholders also adopted the board’s report, balance sheet and profit and loss account of the last fiscal year.
Meanwhile, the company’s extraordinary general meeting approved a capital increase by 10% to QAR 875.07 million, from QAR 795.52 million.
The company’s profit reached QAR 925.8 million ($254.2 million) last year, with a rise of 0.63% year-on-year.
Translated by: Elwy el-Manzalawy
