News Middle East02 Mar 2021

Qatar:QIIG posts stable shareholders' profits for 2020

02 Mar 2021

Qatar Islamic Insurance Group (QIIG) has posted a 4% growth in shareholders' profits, totalling QAR75.73m ($20.8m) in for the financial year ended 31 December 2020 compared to QAR72.68m in 2019.

The profits rose despite a dip of 1.2% in gross contributions to QAR400.64m compared to QAR405.43m in 2019.

Commenting on policyholders' net surplus, QIIG chairman Sheikh Abdullah bin Thani al-Thani said the “realised growth in the surplus” jumped by 504% to QAR73.48m in 2020 compared to QAR12.17m in 2019.

QIIG’s board of directors has recommended to distribute an insurance surplus of 15% to all policyholders who participated in the Group’s takaful operations.
 

 

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