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Daman Islamic Insurance profit climbs 26% in Q3

Daman Islamic Insurance profit climbs 26% in Q3
Qatar Insurance
QATI
-0.53% 2.25 -0.01
Daman Islamic Insurance Company’s (Beema) , 12.5% owned by Qatar Insurance Co ,said its net profit attributable to its shareholders stood at QAR37 million for the third quarter of 2014, up 26% compared to the corresponding period in 2013.

The total premium for the third quarter increased 27% to over QAR200 million.

Announcing the results, Sheikh Jassim bin Hamad bin Jassim bin Jabor Al Thani, Chairman of the Board of Directors, note that what has been achieved during past nine months of the year 2014 is remarkable achievement considering the highly competitive environment in the insurance market in the country.