Qatar Islamic Insurance posts gain in gross written premium to QR316.6mn in 2017

19/02/2018 07:28 AST

Qatar Islamic Insurance has reported more than 1% year-on-year rise in gross written contribution (premium) of QR316.6mn in 2017.

The insurer, which reported a shareholders' profit of QR61.9mn, has recommended 35% cash dividend to be approved by shareholders at the annual general assembly meeting.

The company's earnings-per-share was QR4.13 compared to QR4.23 a year ago.

The policyholders' surplus registered more than 100% growth to QR16.2mn in 2017 compared to QR7.9mn in the previous year. Sheikh Abdulla bin Thani al-Thani, chairman of Qatar Islamic Insurance, said the company would distribute, for the eighth consecutive year, 20% surplus to all the eligible policyholders for 2017.

He said the board appreciated the management's efforts in achieving these results despite a very challenging environment in 2017 due to negative impact of low oil prices on national economy.

The management's prudent underwriting and risk management policies generated good technical results that supported overall results in 2017 when investment returns were falling, according to Ali Ibrahim al-Abdulghani, chief executive of Qatar Islamic Insurance.


Gulf Times

News

QIIG wins 'Takaful Insurance Company of the Year' award

03/12/2025

At a prestigious ceremony held at Atlantis The Palm - Dubai, Qatar Islamic Insurance Group (QIIG) received the 'Takaful Insurance Company of the Year' award at the 12th Middle East Insurance Industry

The Peninsula

Qatar Islamic Insurance Group AGM proposes cash dividend of 50% of paid-up capital

28/03/2025

Qatar Islamic Insurance Group convened its Annual General Assembly Meeting for the year 2024, yesterday. The Board proposed to the assembly distribution of cash dividends of 50% of the paid-up capita

The Peninsula

Qatar Islamic Insurance wins 'Family Takaful Company of the Year' awar

15/11/2016

Qatar Islamic Insurance was awarded the "Family Takaful Company of the Year" at the '3rd Middle East Insurance Industry Awards 2016' held recently at Conrad Hotel in Dubai.

The award was rec

Gulf Times

Most Viewed Companies

Ticker Price Volume

Valuation

QISI Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
BUPAARABIA 170.20 -2.30 (-1.34%)
TAWUNIYA 125.90 -1.10 (-0.87%)
RASAN 136.90 -0.10 (-0.08%)
ALRAJHITAKAFUL 104.60 1.10 (1.06%)
QATI 2.28 0.00 (0.00%)

Recent News

NBK - Egypt secures $50 million facility to finance MSMEs in Egypt

03/04/2026

National Bank of Kuwait - Egypt has secured a $50 million financing package from the European Bank for Reconstruction and Development (EBRD), supported by the European Union (EU), to expand access to

Kuwait Times

ADIB strengthens tie-up with Jubail Investment Company to deliver major project

03/04/2026

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reaffirmed its role as a key enabler of large-scale real estate development through its strategic partnership with Jubail I

Trade Arabia

2PointZero's IRH secures 20-year LNG supply from Mexico's AMIGO LNG project

03/04/2026

International Resources Holding (IRH), the Abu Dhabi-based natural resources investment platform and a subsidiary of 2PointZero Group, has signed a 20-year liquefied natural gas (LNG) Sale and Purcha

Trade Arabia

Dewa announces $844m cash dividends for H2 2025

03/04/2026

Dubai Electricity and Water Authority (Dewa) said its shareholders approved a dividend of AED3.1 billion ($844 million)for the second half of 2025 at the Annual General Assembly (AGM) held on Thursda

Trade Arabia

Kingdom Holding buys BEV stake from Prince Al-Waleed for $68m

03/04/2026

Saudi investment firm Kingdom Holding Co. bought a stake in Breakthrough Energy Ventures from its chairman, Prince Al-Waleed bin Talal, for SR255 million ($67.9 million), at a discount to its latest

Arab News

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap