Doha Insurance net profit rises to QR27.4m in first quarter
21 Apr 2017 - 0:56
Doha Insurance yesterday announced net profit of QR27.4m for the quarter ended March 31, 2017 compared to QR22.4m for the same period of previous year.
Earnings per share amounted to QR0.55 for the period ended March 31, 2017 compared to QR0.45 for the same period of the previous year, according to a statement posted on Qatar Exchange.
Doha Insurance Company is a Qatari shareholding company, listed on Qatar Exchange, and is engaged in the business of insurance and re-insurance.
The Company was formed in response to the need for growth in the insurance industry. During 2006, the Doha Insurance Company established 'Doha Takaful' to carry out insurance and reinsurance activities in accordance with Islamic Sharia principles on a non-usury basis in all areas of insurance.