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QIC increases its share capital

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Magazine Issue: 
The world upside down [3]
Magazine date: 
Feb 2017

The Qatar Insurance Company (QIC) shareholders, recently gathered at a general meeting, have approved the 15% increase in the company's capital which increased to 2.77 billion QAR (761 million USD).

As a reminder, the first Qatari insurer achieved strong performances in 2016: the group's consolidated turnover amounted to 9.9 billion QAR (2.72 billion USD), with a 19% increase compared to 2015. The Bermuda, Malta and London subsidiaries remain the most profitable ones with 70% of the Group's overall written premiums.

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Thu, 23/02/2017 - 13:55

Source URL: https://www.atlas-mag.net/en/article/qic-increases-its-share-capital

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