Doha – Mubasher: Qatar Insurance Company (QIC) said its ordinary general meeting (OGM) approved on Sunday, 19 February, 15% cash dividends, equivalent to 1.5 Qatari riyal, for the fiscal year 2016, according to a bourse statement.

During their meeting, the shareholders also gave a nod to bonus shares on a 3-for-20 basis for FY16.

The company’s capital amounts to QAR 2.4 billion, distributed on 241.1 billion shares.

The board approved the company’s balance sheet, and profit and loss account for 2016.