By Eslam Salem
Doha – Mubasher: Qatar Insurance, the biggest insurer listed on Doha bourse, is planning to list on London Stock Exchange (LSE) in the coming two years, said CEO Khalifa Abdullah bin Turki Al Subaie.
The top official also told Mubasher that his company intends to foray into the Chinese market this year.
The company’s ordinary general meeting gave a nod today to the distribution of 35% dividends for the fiscal year 2015.
The insurer will distribute cash dividends at 25% of the stock’s par value, or QAR 2.5 per share, as well as bonus shares at 10% or 1-for-10.
Meanwhile, the extraordinary general meeting approved an increase in capital to around QA 2.03 billion from QAR 1.85 billion.
The company’s FY15 net profit rose by 4.2% to QAR 1043.6 million ($286.35 million), from QAR 1001.8 million ($274.88 million) a year earlier.
