Qatar General Insurance 2012 Net Profit up 2.9% to QR 175 Million

Doha, February 6 (QNA) - Qatar General Insurance and Reinsurance Company's audited net profit of QR 175 Million, for the financial year ended December 31, 2012, is an increase by 2.9% over the figure of QR 170.1 Million achieved in 2011, a Qatar Exchange notification said Wednesday. The insurance major's Earnings Per Share amount to QR. 3.50 for 2012 compared to QR. 3.39 in 2011. The company's Board has recommended the distribution of 10% of the share's par value as cash dividend as well as the distribution of 15% bonus shares of the company s capital at the rate of 1.5 shares for each 10 held shares. These decision of the board are subject to approvals of the General Assembly which will be held later. (QNA)