Mubasher: Qatar Islamic Insurance (QISI) on Tuesday announced that the general assembly meeting approved distributing a cash dividend of QAR 3.5 per share for 2017.
The dividends represent 35% of the share’s nominal value, according to a statement to the Qatar Stock Exchange (QSE).
The Qatar-based lender’s profits declined 11.8% to QAR 11.8 million in the fourth quarter of 2017, down from QAR 13.38 million in the same quarter a year earlier.
During the full-year 2017, QISI’s net profits fell 2.4% to QAR 61.95 million compared to QAR 63.5 million in the year before.
