OREANDA-NEWS. Qatar General Insurance & Reinsurance Co disclosed its financial statements for the period ended on 31.12.2015. The statements shows that the net profit is QR 925,804 Thousand compared to net profit amounting to QR 920,023 Thousand for the same period of the previous year.
 
Earnings per Share (EPS) amounted to QR 11.64 for the period ended December 31, 2015 to EPS amounted to QR 11.56 for the same period of the previous year.
 
The Board of Directors has also recommended in its meeting held on 10th  February 2016 the following: 

1. Cash Dividends (15%) from the share par value, i.e. QR. (1.5) for each share, in addition to bonus shares of (10%) of the capital i.e. one share for each ten shares, which will be issued after obtaining the necessary approvals from the respective governing bodies.

2. Amendment of the number of the shares prescribed by the Statute of the Company for Board membership from 1% to 0.5% of the Company shares and submission of a recommendation to that effect to the Shareholders’ General Assembly and obtaining the approval of the respective concerned authorities. 

3. To grant Qard Hassan (free-interest loan) amounting to QR 30,347 thousand to Takaful policy holders of General Takful Company to cover the deficit in the Financial Position of Takaful Policyholders as of 31 December 2015.
 
The Annual Ordinary and Extra-Ordinary General Assembly Meetings have been scheduled to be held on Tuesday 15/03/2016 at the Marriott Hotel -Doha, Salon 1&2 at 4:00 PM, where, the alternative meeting will be held on 21/03/2015 at 6:30 PM in the same venue in case the quorum is not met.