Doha – Mubasher: Qatar Islamic Insurance Company announced on Sunday that its ordinary general meeting (OGM) will be held on 11 April to look into distributing cash dividends at 40% or QAR 4 ($1.10) per share for the fiscal year 2015.
The OGM will also discuss the company’s balance sheet and profit and loss account for last year, according to a bourse filing.
The company’s shareholders earlier approved the same cash dividends for the fiscal year 2014.
Meanwhile, the extraordinary general meeting will discuss amendments to articles in the company’s statute relating the commercial companies law No. 11 of 2015, and reduce the size of the board of directors from 11 to 7 members.
Qatar Islamic Insurance’s profits rose last year to QAR 81.99 million ($22.49 million) from QAR 73.38 million ($20.13 million) in 2014.
