By Eslam Salem
Doha – Mubasher: Qatar Insurance 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.
