Doha Insurance Defers EGM to March 20

Doha, March 14 (QNA) - Doha Insurance has postponed its Extra-Ordinary General Meeting to March 20 due to lack of quorum for the meeting held here Wednesday. At its Annual General Meeting held here yesterday, the company's shareholders approved its board of directors recommendation of distributing 10% cash dividends from the share's par value of QR 10 as well as bonus share at the rate of one share for each ten held shares. The AGM also approved the company's financial results, auditors' report for the year ended December 31, 2012 as well as the Shariah supervisory Board report on the company's Islamic branch Doha Takaful. Established in 1999 and listed on Qatar Exchange, Doha Insurance share was Thursday down by 5.9% to QR 26.30 after two trading transactions at 10.3am from its Wednesday afternoon closing at QR 27.95. (QNA)