Qatar General Insurance and Reinsurance Co announced its financials to the Qatar Exchange (QE) for the fiscal 2014, during which it reported a drop in profit by 56.23% to QAR 919.7 million compared to QAR 2.1 billion during the corresponding period of 2013. 

 

Moreover, the Company’s net profit plunged 77.4% to QAR 172.2 million during the first nine months of 2014.


Financials for Qatar General Insurance and Reinsurance Co showed a drop in earnings per share (EPS) to QAR 30.80 by the end of 2014 against QAR 30.80 during the same period of 2013.


The Company will hold its ordinary general meeting (OGM) on March 15, 2015 to discuss the Board’s proposal to distribute a cash dividend of 20% (QAR 2 per share) and bonus share issue of 15%.


Worth noting, the OGM will be postponed to March 22, 2015 in case of an incomplete quorum.