Doha – Mubasher: Qatar Insurance Company (QIC) announced on Tuesday that its general meetings will be held on 21 February to discuss paying 25% cash dividends and issuing 10% bonus shares.
The ordinary general meeting will look into the board’s report on the company’s business and financial position for 2015, and future plans.
Meanwhile, the extraordinary general meeting (EGM) will consider increasing the company’s capital from QAR 1.85 billion to QAR 2.03 billion through distributing bonus shares equivalent of the raise value, as well as approving the amendment of article 6 in the company’s statute to comply with the possible raise in capital.
The EGM will also discuss, in principle, authorising the board to set the share’s par value at QAR 1.
QIC’s profit rose last year by 4.2% to QAR 1.043 billion, versus QAR 1.001 billion in 2014.
