Doha, Qatar — The profits of Qatar General Insurance & Reinsurance Company (QGIRCO) decreased by 25.43 percent in the first half of 2023, to reach QR 35.11 million ($9.64 million) in comparison to QR 47.09 million for the same period of 2022.
In a bourse statement, the company said that the Earnings per share (EPS) amounted to QR 0.040 as of 30th June 2023 versus Earnings per share (EPS) QR 0.054 for the same period in 2022.
In the statement, the company indicated that its management has taken executive and strategic measures that will have positive effects on all its main areas of work during the coming period.
The statement also said that the company is capable of enhancing its operations and financial and administrative performance in the future and maintaining its role in the insurance and investment sectors.
QGIRC is a Qatar-based public shareholding company that is engaged, together with its subsidiaries, in the business of general insurance, takaful, reinsurance, real estate and investment management.
The company was founded in 1978 and is headquartered in Doha, Qatar. QGIRC has a network of branches located across Qatar and an overseas branch in the United Arab Emirates.
