Sheikh Abdullah bin Thani AI Thani & Ali Ibrahim AI Abdulghani
DOHA: Qatar Islamic Insurance Company (QIIC) recorded QR45.3m aggregate net profits for the three quarters ending September 30, 2012 against QR41.2m for the corresponding period in 2011. The net profit constitutes an earnings per share of QR3.02 compared to QR2.75 in 2011 for the same period.
Sheikh Abdullah bin Thani AI Thani, Chairman of the board, said that the company was successful in achieving the required targets executing its high efficiency and performance during the nine months. He also praised the companies’ ability in participating in all development projects in the country and also increasing the client base for all types of insurance.
Ali Ibrahim AI Abdulghani, Chief Executive Officer stated that, the company was always reviewing and restudying the products and services and put into practice the perfect methods of dealing with all stakeholders for having an increased client base and betterment of all services.
Ali added that despite the challenging environment, Islamic Insurance is identifying opportunities to grow and deliver strong results. It’s on the process of amending all reinsurance treaties to participate and cover all upcoming infrastructure developments within Qatari market.
QIIC’s overall performance for the remainder of 2012 will be excellent, he added.
The Peninsula
