Doha Insurance Company Recommends 10% Cash Dividend

Doha, January 26 (QNA) - The Board of Directors of Doha Insurance Company recommended a distribution of 10% cash dividend, equal to one Qatari Riyal per share, for the year ended December 31, 2014 . The company discloses the financial statements revealed a net profit of QR 77 Million in 2014 versus QR 67 Million in 2013 and the Earnings per Share (EPS) amounted to QR 1.96 in 2013 compared to QR 2.33 in 2012. Doha Insurance Company Q.S.C is a Qatari shareholding company registered an incorporated in the State of Qatar under Emiri Decree No. 30 issued on 2nd October 1999, listed on Qatar Exchange, and is engaged in the business of insurance and re-insurance. Despite being the newest of the five national insurance companies, Doha Insurances development is seen as rapid. Its 2013 Gross Written Premium was QR 517 million (US$ 142 million) which is more than 1.50 times the 2009 figures. The Gross Written Premium has witnessed an average growth of more than 12.50% per annum over the past four years. (QNA)