Qatar General Insurance and Reinsurance QPSC (QGRI)

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News

13 March 2019 06:21 PM QSE changes indices constituents in April

Mubasher: The Qatar Stock Exchange (QSE) on Wednesday announced implementing changes to constituents of QE Al Rayan Islamic Index (QERI), QE All Share Index, and QE Sector Indices as of 1 April. However, the QE index will not witness any changes, …

Trading Activities

12 March 2019 04:31 PM QGRI names Hassan Al Efrangi as CEO

Mubasher: Qatar General Insurance and Reinsurance (QGRI) on Tuesday announced appointing Hassan Al Efrangi as its new CEO after the approvals of its board of directors and the Qatar Central Bank (QCB). This appointment follows Ghazi Abu Nahl’s …

Board of Directors

5 March 2019 10:36 AM QGRI’s profit falls 20% in 2018; dividends proposed

Mubasher: Qatar General Insurance and Reinsurance (QGRI) reported a 35.7% year-on-year profit drop for the fourth quarter of 2018. The Qatari firm’s profits amounted to QAR 175.05 million ($48.38 million) during the three-month period ended last …

Financial Results

10 February 2019 10:44 AM AM Best reaffirms QGRI rating at A-

Mubasher: A.M. Best has reaffirmed Qatar General Insurance and Reinsurance’s (QGRI) financial strength rating (FSR) at “A-“(excellent), the company said. The US rating agency also maintained QGRI’s long-term issuer credit rating at “a-” with a …

Ratings

22 November 2018 10:15 AM Qatar General Insurance opens new water plant

Mubasher: Qatar General Insurance and Reinsurance Company on Thursday announced the official opening of a drinking water plant in Qatar. The plant, which belongs to Qatar General Insurance’s subsidiary General Company For Water and Beverages …

Companies Investments

30 October 2018 00:33 PM QGRI turns profitable in Q3

Mubasher: Qatar General Insurance and Reinsurance (QGRI) announced that it turned a profit for the third quarter of 2018. Net profits amounted to QAR 16.7 million in Q3-18, against a loss of QAR 4.4 million in Q3-17, according to a filing to the …

Financial Results

1 August 2018 10:58 AM QGRIC Q2 losses fall 68%

Mubasher: Qatar General Insurance and Reinsurance Company (QGRIC) posted a 68.2% year-on-year drop in its losses for the second quarter of 2018. Net losses amounted to QAR 1.07 million ($296,740) in Q2-18, compared to QAR 3.36 million ($931,820) …

Financial Results

26 April 2018 11:25 AM QGRIC profit hikes 28% in Q1-18

Mubasher: Qatar General Insurance and Reinsurance Company (QGRIC) on Thursday posted a 28.1% year-on-year surge in its profits for the first quarter of 2018. Profits amounted to QAR 55.1 million in Q1-18, compared to QAR 43 million in Q1-17, …

Financial Results

1 April 2018 11:01 AM QGRIC's unit to generate QAR 100m revenues from Mozoon Towers

Mubasher: Qatar General Insurance and Reinsurance Company (QGRIC) on Sunday said that its subsidiary Mozoon Real Estate Company will receive QAR 100 million in annual revenues from operating Mozoon Towers project. With a 25-year term and a …

Trading Activities

27 March 2018 01:09 PM QGRIC officially owns 20% of Trust Bank Algeria

Mubasher: Qatar General Insurance & Reinsurance Company (QGRIC) on Tuesday announced that Trust Bank Algeria approved the amendment of Memorandum of Association. The new adjustment, which was also approved by the Central Bank of Algeria, enables …

Mergers and Acquisitions

26 March 2018 11:32 AM QGIRC's unit inks MoU with China Chamber of Commerce

Mubasher: Qatar General Insurance and Reinsurance Company (QGIRC) on Monday announced that World Trade Center Qatar has signed a memorandum of understanding (MoU) with China Chamber of International Commerce. World Trade Center Qatar is fully …

Companies Investments

13 March 2018 01:50 PM QGRI OKs QAR 2.2/shr cash dividends for 2017

Mubasher: Qatar General Insurance and Reinsurance (QGRI) on Tuesday announced that its ordinary general meeting (OGM) had approved distributing cash dividends of 22% of capital or at QAR 2.2 per share to shareholders for 2017. The assembly also …

Cash Dividends

8 March 2018 00:52 PM Mozoon Real Estate inks hotel management deal with Retaj

Mubasher: Mozoon Real Estate Company has signed an agreement with Retaj Hotels & Hospitality for benefit from the second's apartments’ management and operation and technical services. Mozoon is indirectly owned by Qatar General Insurance and …

Companies Investments

26 February 2018 02:00 PM 5 QSE-listed insurance firms distribute QAR 711m dividends in 2017

By: Eman Ghaly Mubasher: Profits of five insurance companies listed on the Qatar Stock Exchange (QSE) declined by 0.03% year-on-year during the fourth quarter of 2017, while their cash dividends amounted to QAR 711.2 million, according to …

Financial Results

21 February 2018 10:53 AM A.M. Best affirms QGRI's ratings at “A-”

Mubasher: A.M. Best Co has affirmed its financial strength rating (FSR) of A- (Excellent) and long-term issuer credit rating (ICR) (Long-Term ICR) of “a-” of  Qatar General Insurance and Reinsurance Company  (QGRI), the Qatar-based firm said on …

Ratings

15 February 2018 01:22 PM Qatar General Insurance Q4 profit soars 820.5%

Mubasher: Qatar General Insurance and Reinsurance reported an 820.5% year-on-year hike in profits for the fourth quarter of 2017. Net profit stood at QAR 272.1 million (74.7 million) in Q4-17, versus QAR 29.6 million ($8.1 million) in the same …

Financial Results

8 January 2018 00:01 PM QGIRC board OKs estimated budget for 3 yrs

Mubasher: Qatar General Insurance and Reinsurance Company (QGIRC) announced that its board approved the company’s estimated budget for the next three years as of 2018, according to the company’s statement to the Qatar Stock Exchange (QSE) on …

Company News

14 December 2017 11:07 AM Qatar General Insurance to divest from Dubai’s insurance market

Mubasher: Qatar General Insurance and Reinsurance Company on Thursday said that the company plans for divesting from the UAE’s insurance market through its branch in Dubai. The company mulls over implementing the exit plan from Dubai’s insurance …

Sector Reports

24 April 2017 08:38 AM Qatar General Insurance Q1 profits drop 20%

Doha – Mubasher: Qatar General Insurance and Reinsurance Company on Monday reported a drop of 19.9% in its profits for the first quarter of 2017, compared to the same period of 2016. Profits stood at QAR 43.05 million ($11.81 million) in Q1-17, …

Financial Results

22 March 2017 09:33 AM General Insurance to distribute QAR 1.5/shr for 2016

Doha – Mubasher: The general assembly of Qatar General Insurance and Reinsurance Co approved the distribution of cash dividends for 2016. The dividends will be at QAR 1.5 per share, representing 15% of the capital, according to a bourse filing on …

Corporate Actions

16 February 2017 09:53 AM General Insurance’s Q4 profits drop 96%

Doha – Mubasher: Qatar General Insurance and Reinsurance Co's profits declined 96.2% year-on-year in the fourth quarter of 2016. Earnings amounted to QAR 29.56 million ($8.11 million) in Q4-16 as compared to QAR 784.85 million ($215.35 million) in …

Cash Dividends

29 January 2017 08:47 AM A.M. Best affirms Qatar General Insurance’s credit ratings

Mubasher: A.M. Best has affirmed Qatar General Insurance & Reinsurance Company’s Financial Strength Rating at ‘A-’, Excellent, and the Long-Term Issuer Credit Rating at ‘a-’. The outlook of these Credit Ratings is stable, according to a bourse …

Ratings

19 January 2017 10:54 AM Qatar General Insurance to discuss Q4 results mid-February

Doha – Mubasher: Qatar General Insurance and Reinsurance Company said Thursday that its board of directors will meet on 15 February to discuss the financial statements for the fourth quarter of fiscal 2016, according to a bourse filing. The stock …

Event

30 October 2016 04:34 PM QSE insurance sector profits up 56% in Q3

By: Salama Abdulrahman Mubasher: The financial results of the insurance companies listed on the Qatar Stock Exchange (QSE) showed a growth in profits by 56.3% in the third quarter of 2016 compared to the same quarter of last year. The five QSE …

Financial Results

27 October 2016 09:56 AM Qatar General Insurance’s Q3 profits jump 472.3%

Doha – Mubasher: The unaudited financial statements of Qatar General Insurance and Reinsurance Co reported a leap of 472.3% in profits during the third quarter of 2016 as compare to the same period a year ago. Earnings amounted to QAR 104.18 …

Financial Results