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FINANCIAL NEWS
Qatar Insurance Co. posts revenue of USD284mn
09 Feb 2017
(MENAFN) Qatar Insurance Co. (QIC), a pioneering insurer in the Mena area posted an income attributable to parent of USD284mn in 2016, close to 2015 results.
Last year, earnings per share were QR4.48 compared to QR4.84 for 2015, whereas shareholders equity attributable to parent as of Dec 31, 2016 is QR8.236bn.
Accordingly, the results were achieved despite challenges in the economy due to increasing political uncertainty.
Meanwhile, the firm has been successful in installing both geographical and product diversification.
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