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Qatar Islamic Insurance CEO receives major award in London (Gulf Times - 28/02/2016)

Qatar Islamic Insurance CEO Ali Ibrahim al-Abdulghani was awarded the prestigious ‘Takaful CEO of the year’ award at a ceremony held during the 10th International Takaful Summit 2016 at Jumeirah Carlton Tower, London recently. This award was presented to

BKIC board proposes cash dividend of 30 per cent (Gulf Daily News - 23/02/2016)

Bahrain Kuwait Insurance Company (BKIC)’s board of directors has proposed a cash dividend of 30 per cent to shareholders on the paid-up capital of BD7.15 million, equivalent to 30 fils per share. A statement said the board has approved financial results

Meethaq extends home finance for Al Hamra project in Ras Al Hamra (Oman Daily Observer - 23/02/2016)

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, and Oman Property Development company signed a memorandum of understanding (MoU) to facilitate attractive Meethaq home finance for Al Hamra Classic Home project in Ras Al Hamra. Sulaiman

BKIC records net profit of $7.2m (Gulf Daily News - 22/02/2016)

Bahrain Kuwait Insurance Company (BKIC) yesterday reported a net profit of BD2.7 million ($7.2m) for last year as against BD4.2m in 2014. A statement by the firm said the decrease was mainly due to a drop in net investment income from BD2.2m in 2014 to

Shareholders okay raising QIC capital to QR2.43bn (The Peninsula - 22/02/2016)

The shareholders of Qatar Insurance Group approved the board of directors’ recommendation to increase the company’s capital to QR2.43bn from QR1.84bn. The annual general meeting of the Group also given nod to the recommended distribution of cash dividend

Adnic latest UAE insurer to report losses (The National - 16/02/2016)

UAE insurers are still feeling the pinch from too much competition despite consolidation and the departure of some major players. However, new regulations may prompt further tie-ups. Abu Dhabi National Insurance Company was the latest insurer to report

QIC rebrands, announces expansion plans (The Peninsula - 01/02/2016)

Qatar Insurance Company (QIC), one of the largest insurance service providers in the Mena region, has rebranded itself as ‘QIC Insured’, and has also launched a seamless ‘one-stop online solution’ to make the experience of buying personal insurance

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