Qatar Insurance has proposed a 2015 cash dividend of 25 per cent plus a 10 bonus share issue, it said on Sunday.
A 25 per cent cash dividend equates to QR2.50 ($0.6867) per share. This would be slightly higher than the company'
Qatar Insurance reported a 20 per cent fall in net profit for the third quarter, according to Reuters calculations.
The insurer made a net profit of QR115.7 million ($31.72 million) during the three-month period ending September 3
Lagoon Capital Partners, an advisory firm based in the Dubai International Financial Center, and HarbourVest Partners, a secondary private equity firm, have entered into an agreement to support growth of secondary Mena private equity market.
The shareholders of Qatar Insurance have approved plans for a rights issue worth QR963.2 million ($264.6 million) and to sell a 20-per cent stake to sovereign wealth fund Qatar Holding, said the insurer.
The company will sell 21.4