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 135.21 176,223
SABIC 112.60 2,768,748
STC 81.00 392,859
ALMARAI 54.20 393,286
WALAA 33.20 288,896
BURUJ 34.30 13,479
TAWUNIYA 70.80 208,021
QGRI Sector Market
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QATI 40.25 0.28 (0.70%)
TAWUNIYA 70.80 0.74 (1.05%)
BUPA 92.80 0.35 (0.37%)
ARCCI 69.00 0.22 (0.31%)
AWNIC 12.75 0.00 (0.00%)
UDC to launch island project in QR5.5bn expansion plan


United Development Company, the master developer of The Pearl-Qatar, will be launching a new state-of-the-art island project as part of UDC’s QR5.5bn estimated investment for the next five years.

Gulf Times

Masraf Al Rayan launches Qatar ETF


Qatar’s first Shari’a-compliant exchange traded fund and arguably, the largest single-country Shari’a compliant ETF in the world was listed on Qatar Stock Exchange (QSE) yesterday. The Al Rayan Qatar

The Peninsula

QIIB announces appointment of Qataris as top executives


QIIB has announced the appointment of Sheikh Abdulaziz bin Abdullah bin Faisal Al Thani, as the Chief- Corporate Banking Sector and Sheikh Mohammed bin Ali Al Thani as Chief-Treasury & Investments. T

The Peninsula

Crescent, Dana to raise Kurdistan gas production


Pearl Petroluem, a consortium led by Crescent Petroluem and Dana Gas, on Wednesday said that it has signed a 10-year gas sales agreement with the Kurdistan regional government.

Under the ag

Gulf News

HSBC Bank Oman marks 70 years in Oman


Celebrating 70 years of supporting Oman’s economic growth and development is the focus of a series of roadshows launched this week at HSBC Bank Oman’s branches across the country to mark the bank’s m

Oman Daily Observer