Qatar Insurance Company disclosed its financial statements for the period ended on 30 September 2018. The statements show that the net profit is QR 452 million Compared to net profit amounting to QR 304 million for the same period of the previous year.

The Earnings per Share (EPS) amounted to QR 1.16 for the period ended on 30 September 2018 to EPS amounted to QR 0.95 for the same period of the previous year.

On the other hand, the Board of directors decided not to proceed with the board resolution in meeting No. (3/2018) held on 5/6/2018 regarding Company’s shares buy-back, as the main purpose of that decision is no longer exists, nearly five months has passed without finalization the required procedures, The cancellation of buy-back decision has been arrived after a detailed consideration of company’s long term vision, regulatory framework governing buy-backs in Qatar, as well as the recent changes in the Qatar Exchange index constituents impacting QIC’s share price and liquidity.