Doha – Mubasher: Qatar General Insurance and Reinsurance Company announced on Monday that its subsidiary General Takaful Company raised the capital from QAR 50 million ($13.73 million) to QAR 100 million ($27.46 million).
The capital hike will be financed through retained earnings. The company’s profit reached QAR 925.8 million ($254.2 million) last year, with a rise of 0.63% year-on-year.
The Qatar-listed company’s ordinary general meeting will be held tomorrow to discuss distributing cash dividends at 15% of the share’s par value or OMR 1.5 ($0.41) per share, and 1-for-10 bonus shares for the fiscal year 2015.
