Al Khaleej 2012 net profit up 23.34pc to QR78.2 million
February 20, 2013 - 1:15:46 pm
DOHA: Al Khaleej Takaful Insurance and Reinsurance's net profit for fiscal year ending December 31, 2012 is up to QR78.2 million, an increase by 23.34 percent over QR63.4 million achieved in 2011.
The company's Earnings Per Share (EPS) this year are QR5.50 compared to QR4.46 in 2011, according to Qatar Exchange notification Wednesday.
The company's board has recommended the distribution of 10 percent cash dividends or QR.1 per share and 20 percent bonus shares, subject to ratification by the Annual General and Extra-Ordinary General Meetings to be held March 12 at Giwana Hall, Radisson Blu Hotel here.
There was an amendment in the profits of the company due to the remuneration disbursed to its board members. It was recorded in the company's general expenses and as an income within the revenues, the notification said. (QNA)