13/03/2018 07:38 AST

The ordinary and extraordinary general assembly meetings of Qatar General Insurance & Reinsurance Company (QGIRCO) were held at the Marriott Hotel in Doha yesterday. Qatar General Insurance & Reinsurance Company chairman Sheikh Nasser bin Ali bin Saud al-Thani presided over the meetings. At the general assembly, the company shareholders approved the Board of Director’s proposal to distribute cash dividends to the shareholders for the financial year 2017 at the rate of 22% of the nominal value of the share, which is equivalent to QR2.2 per share.

They also approved the company’s Corporate Governance Report for 2017. At the extraordinary general assembly, the shareholders approved the amendment of the company’s articles of association to comply with the ‘Governance Code for Companies & Legal Entities Listed on the Main Market’, issued by the decision of the Qatar Financial Markets Authority Board of Directors No (5) of the year 2016 by amending Article No (43) of the company’s articles of association.

Gulf Times

QGIRCO’s Algerian project in final phase


Qatar General Insurance and Reinsurance Company (QGIRCO), which is developing a huge real estate project in Algeria, is expecting it to be completed by the end of this year.

QGIRCO, with di

The Peninsula

Foreign ownership limit in QGRI raised to 49%


Foreign shareholders can now hold up to 49% in Qatar General and Reinsurance Company.

The Qatar Central Securities Depository (QCSD) has amended the foreign ownership limit (FOL) in the sh

Gulf Times



The Board of Directors of Qatar General Insurance and Reinsurance Co has agreed in their meeting held on April18, 2015 the Terms Sheet proposed by Qatar National Bank for funding Mozoon Real Estate a

Qatar Exchange

Ticker Price Volume
WALAA 28.15 175,461
TAWUNIYA 71.70 246,979
SABIC 128.60 1,877,983
QNBK 154.00 316,895
SAICO 15.12 141,192
KAYAN 14.90 8,193,872
BURUJ 31.75 85,667
QGRI Sector Market
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QATI 36.44 0.72 (2.01%)
TAWUNIYA 71.70 0.80 (1.12%)
BUPA 92.00 1.70 (1.88%)
AWNIC 12.75 0.00 (0.00%)
ARCCI 64.50 5.80 (9.88%)
Fitch upgrades outlook of Doha Bank to stable


Fitch Ratings has upgraded the outlook of Doha Bank from negative to stable and affirmed the long-term Issuer Default Ratings (IDR) at ‘A’, it was announced in a statement.

“The upgrade to

Gulf Times

Bahrain Islamic relaunches premium banking services


Bahrain Islamic Bank (BisB) has announced the relaunch of its Al Thuraya Premium Banking Services with a selection of new unique features tailored to cater to the needs of High Net Worth Individuals

Trade Arabia

Barwa Bank and International Bank of Qatar in advanced merger talks


Qatari lenders Barwa Bank and International Bank of Qatar are in advanced talks to merge after discussions for a three-way merger with another bank collapsed last week, sources told Reuters on Wednes

The Peninsula

Aldar picks Marriott to manage Abu Dhabi luxury hotel


Aldar Properties, a leading developer in Abu Dhabi, UAE, said it has signed up global hospitality giant Marriott International to manage one of its most strategically located hotels on Yas Island.

Trade Arabia

SABIC takes part in IFA Conference in Berlin


SABIC participated in the 86th annual conference of the International Fertilizer Association (IFA) in Berlin on June 18-20 as the Gold sponsor to underline the vital role played by the company in mee

Saudi Gazette