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Qatar Islamic shareholders OK QAR4/share dividend

Qatar Islamic shareholders OK QAR4/share dividend
Company's OGM (Photo Credit: Mubasher)
Islamic Insurance
QISI
-0.25% 8.78 -0.02

By Eslam Salem

Doha – Mubasher: Shareholders of Qatar Islamic Insurance Company approved on Monday the board’s proposal to distribute cash dividends at QAR 4 per share, or 40% of capital.

They also ratified the company’s balance sheet and profit/loss statement for the fiscal year 2015.

The Doha-listed insurer earlier posted QAR 81.99 million net profit for FY15, up from QAR 73.38 million a year earlier.