QIIC Discloses Its Financial Statement (Reviewed) For The Three Months Period Ended March 31, 2019

Qatar Islamic Insurance Company disclosed the interim financial statement (reviewed) for the three months period ended March 31, 2019. The financial statements revealed a net profit of QR 24,868 Million in comparison to net profit QR 23,114 Million for the same period of the previous year.
The earnings per Share (EPS) amounted to QR 1,66 as of March 31, 2019 versus EPS QR 1,54 of the same period in 2018.

Results of the Ordinary General Assembly Meeting on 31/03/2019

the Ordinary General Assembly Meeting for the Company was held on Sunday 31.3.2019, the quorum was not achieved for the Extraordinary GAM of the QIIC, therefore the second meeting (substitute) will be held on Sunday 7.4.2019 at 5 pm at lazurd hall at Ezdan Tower..

The following are the resolutions that approved by Ordinary GAM :-

1- Approval of the report of the Board of Directors and their plans for the Year Ended 31.12.2018.

2- Approval of the report of the Shari’a Supervisory Board for the Year Ended 31.12.2018.

3- Approval of the report of the Independent Auditors for the Year Ended 31.12.2018.

4- Approval of the Policyholders and Shareholders’ Financial Statements for the Year Ended 31.12.2018. And approved of the recommendation made by the Board of Directors to distribute cash dividends equaling 35% of the shares nominal value i.e. QR 3,5 per share for the Year Ended 31.12.2018

5- Absolving the Board of Directors of all responsibility and granting there remunerations for the Financial Year 2018.

6- Approved of the report of the Governance for the year 2018.

7- Approved appointing M/S. K P M G as the Company’s new Independent Auditors for the Financial Year 2019.

A.M. Best Rating for QIIC

A.M. Best has affirmed the Financial Strength Rating of  B++ and the Long-Term Issuer Credit Rating of  “BBB+” of Qatar Islamic Insurance Company Q.S.C. (QIIC). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect QIIC’s balance sheet strength, which AM Best categories as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM).

INVITATION TO SHAREHOLDERS FOR ATTENDING THE ORDINARY & EXTRAORDINARY GENERAL ASSEMBLY MEETING

The Board of Directors of Qatar Islamic Insurance Company (Q.S.G.C.) is pleased to invite the Shareholders’ for the Ordinary & Extraordinary General Assembly Meeting to be held on Sunday 31.3.2019 at Lazord Hall in Ezdan Towers at 4.30 p.m., in case the desired quorum for the first meeting is not achieved then the second reserved meeting will be held on Sunday 7.4.2019 at 5 pm in the same place.

AGENDA FOR ORDINARY GENERAL ASSEMBLY MEETING

Qatar Islamic Insurance Company discloses its financial statements ended 31.12.2018

Qatar Islamic Insurance Co. disclosed its financial statements for the period ended on 31.12.2018. The statements show that the net profit is QR 63,022  Million Compared to net profit amounting to QR 61,945 Million for the same period of the previous year.

Earnings per Share (EPS) amounted to QR 4,20 in the period ended 31.12.2018 compared to EPS amounted to QR 4,13 for the same period of the previous year.

The Board recommended distribution of Cash Dividends of 35 % from the share par value i.e. QR 3,5 for each share for the year 2018.

QIIC Discloses Financial Statement for 3rd Quarter Ended 30.9.2018

Qatar Islamic Insurance Company disclosed its financial statements for the period ended on 30.9.2018. The statements shows that the net profit is QR 57,482 Million compared to net profit amounting to QR 50,148 Million for the same period of the previous year.
The earnings per Share (EPS) amounted to QR 3,83 for the period ended 30.9.2018 compared to EPS amounted to QR 3,34 for the same period of the previous year.

The Results of Extraordinary General Assembly Meeting 14/10/2018

The quorum was achieved for the third Extraordinary General Assembly Meeting for QIIC on Sunday 14.10.2018 and the following decisions was approved :-
1- Approved the Board of Directors’ recommendation to change the name of Qatar Islamic Insurance Company to be Qatar Islamic Insurance Group and accordingly modify the Articles of Association.

2- Approved the Board of Directors’ recommendation to establish real estate company owned 100 % by the Group.