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
QNBK 175.00 523,282
APPC 53.10 247,824
SABIC 122.40 2,547,798
ALMARAI 47.85 497,005
TAWUNIYA 55.50 219,705
SALAMA 16.94 1,350,890
SAICO 12.10 183,602
QGRI Sector Market
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QATI 39.89 0.49 (1.24%)
BUPA 100.60 -2.40 (-2.34%)
TAWUNIYA 55.50 0.60 (1.09%)
AWNIC 12.75 0.00 (0.00%)
ARCCI 56.60 0.60 (1.07%)
QNB revises up oil price forecast to $72 for 2018


QNB has revised up its forecasts for average annual oil prices to $72/b for 2018 from $69/b and to $69/b in 2019 from $66/b. Both demand and supply factors, however, suggest a tilt towards lower pric

The Peninsula

QIB wins two awards at New Age Banking Summit


Qatar Islamic Bank (QIB), country’s leading Islamic bank, received two awards from New Age Banking & Finance Awards 2018, as part of the seventh edition of New Age Banking Summit Qatar which was supp

The Peninsula

Nakilat showcases its expertise at Gastech 2018


Nakilat is participating in the Gastech 2018 Exhibition and Conference currently taking place in Barcelona, Spain from 17 to 20 September 2018. One of the largest LNG-centric events globally, Gastech

The Peninsula

Al Hilal Bank successfully closes $500m sukuk


Al Hilal Bank, rated A2 by Moody’s and A+ by Fitch has successfully closed a $500 million 5-year Senior Sukuk. The transaction, under Al Hilal Bank’s new management team, marks the first Senior Publ

The Gulf Today

Sabic, Clariant sign deal for speciality materials


Sabic, the world’s third largest diversified petrochemicals company, has signed an agreement with Clariant towards taking steps to establish certain elements of its Specialties business as a stand-al

Trade Arabia