Mubasher: Qatar General Insurance and Reinsurance (QGRI) on Tuesday announced that its ordinary general meeting (OGM) had approved distributing cash dividends of 22% of capital or at QAR 2.2 per share to shareholders for 2017.

The assembly also approved to grant Fatiha Khellal, the CEO of Trust Investment Holding-Algeria, a share percentage of the 0.2% out of the 20% shares QGRI owns in the share capital of the Algerian company, according to a filing to the Qatar Stock Exchange (QSE).

QGRI had reported a 40.1% profit jump to QAR 307.4 million in 2017 from QAR 219.3 million in 2016.