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 Sunday.

In the first nine months of 2017, the company’s profits slid 81.4% to QAR 35.29 million from QAR 189.78 million in the same period a year earlier.

Moreover, QGIRC’s results turned negative after posting losses worth around QAR 4.4 million in the third quarter of 2017 versus profits of QAR 104.13 million in Q3-16.