Doha, Qatar–Doha Insurance Group has reported a net profit of $41.40 million for 2023, a notable increase compared to the previous year’s $28.51 million. This substantial growth reflects Doha Insurance’s effective financial management and strategic initiatives.
Earnings per share for the year ending December 31, 2023 stood at QR0.30, up from QR0.21 for the same period in the previous year. This increase underscores the company’s commitment to delivering value to its shareholders.
The Board of Directors announced its intention to propose a cash dividend distribution to the General Assembly in the upcoming meeting. The proposed cash dividends amount to 17.5 percent of the share par value, equivalent to QR 0.175 for each share.
The General Assembly is expected to review and ratify the dividend proposal, providing further insight into Doha Insurance Group’s commitment to creating shareholder value and maintaining financial stability.
Doha Insurance Group continues to position itself as a leading player in the insurance sector, leveraging its financial strength and strategic vision to navigate the dynamic business landscape successfully.
Doha Insurance revealed a net profit of QR 150,748,623 for the twelve-month period ending Dec. 31, 2023 versus QR 103,782,643 for the same period of the previous year.
The company’s financial statements also disclosed Earnings per share (EPS) of QR 0.30 compared to QR 0.21 for the same period in 2022.
The Board of Directors has decided to submit a proposal to the General Assembly in its upcoming meeting, to ratify a proposal for distribution of 17.5 percent cash dividends from the QR 0.175 share par value.