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20 April 01:38 AM

Sector News

Qatar First Bank will be removed from QE Al Rayan Islamic Index
13 March 2019 06:21 PM QSE changes indices constituents in April
Mubasher: The Qatar Stock Exchange (QSE) on Wednesday announced implementing changes to constituents of QE Al Rayan Islamic Index (QERI), QE All Share Index, and QE Sector Indices as of 1 April. However, the QE index will not witness any changes, …
Market News
This appointment follows Ghazi Abu Nahl’s resignation from this position after a 40-year tenure
12 March 2019 04:31 PM QGRI names Hassan Al Efrangi as CEO
Mubasher: Qatar General Insurance and Reinsurance (QGRI) on Tuesday announced appointing Hassan Al Efrangi as its new CEO after the approvals of its board of directors and the Qatar Central Bank (QCB). This appointment follows Ghazi Abu Nahl’s …
Company News
QGRI’s board of directors recommended a cash dividend distribution of 10% of the share’s nominal value
5 March 2019 10:36 AM QGRI’s profit falls 20% in 2018; dividends proposed
Mubasher: Qatar General Insurance and Reinsurance (QGRI) reported a 35.7% year-on-year profit drop for the fourth quarter of 2018. The Qatari firm’s profits amounted to QAR 175.05 million ($48.38 million) during the three-month period ended last …
Financial Results
EPS registered QAR 4.2 in the fiscal year ended 31 December 2018
25 February 2019 05:51 PM QISI’s profit falls 53% YoY in Q-18; dividends proposed
Mubasher: Qatar Islamic Insurance Company (QISI) reported a 53.1% year-on-year profit drop in the fourth quarter of 2018. QISI’s profits totalled QAR 5.54 million ($1.52 million) in Q4-18, down from QAR 11.8 million ($3.25 million) in the same …
Financial Results
Gulf Warehousing and Salam International Investment will be deleted from FTSE Russell’s index
17 February 2019 01:01 PM FTSE Russel index to include 7 Qatari-listed firms
Mubasher: The Qatar Stock Exchange (QSE) on Sunday announced that seven listed companies will be included in the FTSE Russell’s index starting from 14 March. Mesaieed Petrochemical Holding, Qatar Fuel (Woqod), Qatar Insurance, Qatari Investors …
Trading Activities
EPS amounted to QAR 1.21 last year
14 February 2019 00:14 PM Doha Insurance’s profit jumps 42% in 2018; 8% dividend proposed
Mubasher: Doha Insurance Group reported a 228% year-on-year profit hike in the fourth quarter of 2018. The Qatar-based firm’s profits registered QAR 24.6 million ($6.8 million) in Q4-18, from QAR 7.5 million ($2.07 million) in the corresponding …
Cash Dividends
These ratings reflect QGIR’s strong balance sheet, robust operating performance and appropriate enterprise risk management
10 February 2019 10:44 AM AM Best reaffirms QGRI rating at A-
Mubasher: A.M. Best has reaffirmed Qatar General Insurance and Reinsurance’s (QGRI) financial strength rating (FSR) at “A-“(excellent), the company said. The US rating agency also maintained QGRI’s long-term issuer credit rating at “a-” with a …
Ratings
Qatar Insurance's profit jumps 55% to QAR 645.94m in 2018
3 February 2019 06:36 PM Qatar Insurance's profit jumps 55% to QAR 645.94m in 2018
Mubasher: Qatar Insurance Company (QIC) on Sunday reported a 54.59%% surge in annual profits during 2018, registering QAR 645.94 million, compared to QAR 417.59 million from January to December 2017. Earnings per share (EPS) reached QAR 1.78 for …
Financial Results
Doha Insurance Group increased the value of its assets by QAR 33.88 million ($9.31 million), due to profits generated from selling its property in Doha.
15 January 2019 00:18 PM Doha Insurance generates QAR 34m profit from property sale
Mubasher: Doha Insurance Group increased the value of its assets by QAR 33.88 million ($9.31 million), due to profits generated from selling its property in Doha.  The sale deal increased the group’s liquidity, allowing it to enter new feasible …
Company News
22 November 2018 10:15 AM Qatar General Insurance opens new water plant
Mubasher: Qatar General Insurance and Reinsurance Company on Thursday announced the official opening of a drinking water plant in Qatar. The plant, which belongs to Qatar General Insurance’s subsidiary General Company For Water and Beverages …
Companies Investments
EPS registered QAR 0.81 for the nine-month period ended September
30 October 2018 00:33 PM QGRI turns profitable in Q3
Mubasher: Qatar General Insurance and Reinsurance (QGRI) announced that it turned a profit for the third quarter of 2018. Net profits amounted to QAR 16.7 million in Q3-18, against a loss of QAR 4.4 million in Q3-17, according to a filing to the …
Financial Results
30 October 2018 11:27 AM Doha Insurance logs QAR 35m profit in 9M
Mubasher: Doha Insurance Group reported a 37.8% year-on-year drop in profits for the third quarter of 2018. Net profits amounted to QAR 460,000 in Q3-18, compared to QAR 740,000 in Q3-17, according to the company’s statement to the Qatar Stock …
Financial Results
EPS recorded QAR 0.35 for the nine-month period ended September
28 October 2018 04:07 PM Al Khaleej Takaful’s profit hikes 590% in Q3
Mubasher: Al Khaleej Takaful Insurance (AKHI) on Sunday reported a 589.8% year-on-year surge in profits for the third quarter of 2018. Net profits amounted to QAR 1.29 million in Q3-17, compared to QAR 187,000 in Q3-17, according to the company’s …
Financial Results
EPS reached QAR 1.16 during the three-month period ended September
24 October 2018 10:33 AM Qatar Insurance logs QAR 451m profit in 9M
Mubasher: Qatar Insurance Company turned to a profit in the third quarter of 2018. Net profits amounted to QAR 67.1 million in Q3-18, against a loss of QAR 200.8 million in Q3-17, according to a filing to the Qatar Stock Exchange (QSE) late …
Financial Results
21 October 2018 03:13 PM QISI’s profit grows 16% in Q3
Mubasher: Qatar Islamic Insurance Company (QISI) on Sunday posted a 16.3% year-on-year profit increase during the third quarter of 2018. Net profits amounted to QAR 16.36 million in Q3-18, compared to QAR 14.07 million in Q3-17, according to the …
Financial Results
A.M.Best affirmed Doha Insurance’s rating at ‘A-‘
15 October 2018 05:29 PM A.M.Best affirms Doha Insurance’s rating at ‘A-‘
Mubasher: Doha Insurance on Monday revealed that A.M.Best Rating Agency has affirmed its financial strength rating at “A-“. The rating agency remained its outlook stable for the Qatari insurance company, according to a filing to the Qatar Stock …
Ratings
The board has approved establishing a real estate company owned 100 % by the group
15 October 2018 10:09 AM Qatar Islamic Insurance changes name to Qatar Islamic Insurance Group
Mubasher: Qatar Islamic Insurance Company (QISI) on Monday announced that its board has approved changing its name to Qatar Islamic Insurance Group (QIIG). The board has approved establishing a real estate company owned 100 % by the group, …
Corporate Actions
26 September 2018 00:40 PM Qatar Insurance establishes new firm for investment management
Mubasher: Qatar Insurance Company on Wednesday announced that its board has approved the establishment of a limited liability firm under the name of “Epicure Investment Management”. The new company will be established in accordance with the rules …
Companies Investments
The US financial services company also remained its outlook “stable”
23 September 2018 09:51 AM S&P affirms Doha Insurance rating at 'A-'; outlook ‘Stable’
Mubasher: Doha Insurance Group on Sunday announced that Standard and Poor’s Rating Services has affirmed its long-term issuer credit rating at “A-”. The US financial services company also remained its “stable” outlook for the Qatari leading …
Ratings
10 September 2018 11:20 AM Qatar Re ranks 27th among top 50 global reinsurances - AM Best
Mubasher: Qatar Insurance Group on Monday announced its subsidiary Qatar Re, a global multi-line reinsurer, has been ranked the 27th an amongst top fifty global reinsurers by international credit rating agency, AM Best. The new ranking affirms …
Ratings
The central bank also approved establishing a real estate company, that will be 100% owned by the group
1 August 2018 05:25 PM QCB nods to change QISI name to GIIC
Mubasher: Qatar Islamic Insurance Company (QISI) on Wednesday announced that its board of directors has received an approval from the Qatar Central Bank (QCB) to change its name to the Group Islamic Insurance Company (GIIC). The central bank also …
Corporate Actions
EPS amounted to QAR 0.7 in H1-18
1 August 2018 11:19 AM Doha Insurance logs QAR 7m profit in Q2
Mubasher: Doha Insurance Group (DOHI) reported a 7.3% year-on-year increase for the second quarter of 2018. Net profits amounted to QAR 6.93 million ($1.92 million) in Q2-18, compared to QAR 6.46 million ($1.79 million) in Q2-17, according to the …
Financial Results
EPS recorded QAR 0.62 in H1-18
1 August 2018 10:58 AM QGRIC Q2 losses fall 68%
Mubasher: Qatar General Insurance and Reinsurance Company (QGRIC) posted a 68.2% year-on-year drop in its losses for the second quarter of 2018. Net losses amounted to QAR 1.07 million ($296,740) in Q2-18, compared to QAR 3.36 million ($931,820) …
Financial Results
EPS reached QAR 2.74 in H1-18
30 July 2018 03:12 PM Qatar Islamic Insurance profit hikes 35% in Q2
Mubasher: Qatar Islamic Insurance (QISI) on Monday reported a 34.8% year-on-year jump in its profits for the second quarter of 2018. Net profits amounted to QAR 18.01 million ($4.95 million) in Q2-18, compared to QAR 13.36 million ($3.67 million) …
Financial Results
30 July 2018 02:51 PM Al Khaleej Takaful’s profit falls 26% in Q2
Mubasher: Al Khaleej Takaful Insurance (AKHI) on Monday posted a 25.6% year-on-year decline in its profits for the second quarter of 2018. Net profits amounted to QAR 1.92 million ($527,400) in Q2-18, compared to QAR 2.58 million ($708,700) in …
Financial Results