Mubasher: Qatar Insurance Company on Monday announced that its ordinary general assembly and extraordinary general assembly approved paying QAR 1.5 per share in cash dividends, representing 15% of the share par value.

Moreover, the Qatar-based firm also will distribute 15% of its capital in bonus shares in 3:20 ratio through capitalisation of a part from reserves eligible for distribution, according to a filing to the Qatar Stock Exchange (QSE).

Both assemblies also nodded to increase the company’s capital by 3 shares for every 20 shares via capitalising part from reserves eligible for distribution, the statement added.

In 2017, the company’s profits slid 59.6% to QAR 417.59 million compared to QAR 1.03 billion a year earlier.