*Qatar Islamic Insurance Group BOD has recommended distribution of profits at 32.5% to its shareholders and 15% surplus to policyholders
Qatar Islamic Insurance Group (QIIG) achieved a 4% growth in shareholders’ profits, totalling QR75.72mn in 2020 compared to QR72.67mn in 2019.
The company’s financial statement was announced Sunday following the meeting of its Board of Directors, which was presided over by chairman Sheikh Abdullah bin Thani al-Thani.
Expressing happiness that the group achieved a growth rate in the shareholders’ profits amounting to 4%, Sheikh Abdullah said the “realised growth in the surplus” reached 504% achieving a total of QR73.47mn in 2020 compared to QR12.17mn in 2019.
He said QIIG achieved 76% growth rate in 2020 surplus, amounting to QR149.204mn compared to QR84.849mn for the same period in 2019.
Sheikh Abdullah said based on the recommendation of the Shariah Supervisory Board, QIIG’s board of directors has recommended to distribute an insurance surplus (at 15%) for all policyholders who were participating in the Group’s Takaful operations.
He praised the tangible efforts made by the senior management and the executive team for achieving these positive results, explaining that the total underwritten contributions (premiums) until December 31, 2020 reached QR400.639mn compared to QR405.428mn in 2019.
QIIG president Ali Ibrahim Alabdulghani extended his thanks to the chairman and members of the BOD for their confidence and support to the Group’s operations.
QIIG has maintained the growth of distribution of annual surplus at 15% from the net operations, he said and noted QIIG is a pioneer in Takaful Insurance in Qatar and the region.
He said the company will always keep in mind working to develop all the mechanisms that are in the interests of “participants in its operations” and provides the fastest and best services ever.
For example, QIIG is providing health insurance for individuals and groups, whether for Qatari nationals or the expatriates and visitors in order to comply with the requirements of the Council of Ministers by which health insurance for all expatriates and visitors becomes a must.
QIIG has invited those concerned to visit its offices to enjoy its “swift service at all times.”
ends
The company’s financial statement was announced Sunday following the meeting of its Board of Directors, which was presided over by chairman Sheikh Abdullah bin Thani al-Thani.
Expressing happiness that the group achieved a growth rate in the shareholders’ profits amounting to 4%, Sheikh Abdullah said the “realised growth in the surplus” reached 504% achieving a total of QR73.47mn in 2020 compared to QR12.17mn in 2019.
He said QIIG achieved 76% growth rate in 2020 surplus, amounting to QR149.204mn compared to QR84.849mn for the same period in 2019.
Sheikh Abdullah said based on the recommendation of the Shariah Supervisory Board, QIIG’s board of directors has recommended to distribute an insurance surplus (at 15%) for all policyholders who were participating in the Group’s Takaful operations.
He praised the tangible efforts made by the senior management and the executive team for achieving these positive results, explaining that the total underwritten contributions (premiums) until December 31, 2020 reached QR400.639mn compared to QR405.428mn in 2019.
QIIG president Ali Ibrahim Alabdulghani extended his thanks to the chairman and members of the BOD for their confidence and support to the Group’s operations.
QIIG has maintained the growth of distribution of annual surplus at 15% from the net operations, he said and noted QIIG is a pioneer in Takaful Insurance in Qatar and the region.
He said the company will always keep in mind working to develop all the mechanisms that are in the interests of “participants in its operations” and provides the fastest and best services ever.
For example, QIIG is providing health insurance for individuals and groups, whether for Qatari nationals or the expatriates and visitors in order to comply with the requirements of the Council of Ministers by which health insurance for all expatriates and visitors becomes a must.
QIIG has invited those concerned to visit its offices to enjoy its “swift service at all times.”
ends