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QCB denies QLM from paying interim dividend

QCB denies QLM from paying interim dividend
thepeninsulaqatar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepeninsulaqatar.com Daily Mail and Mail on Sunday newspapers.

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QLM net profit rises to QR25.1m


 27 Apr 2021 - 10:08
The Peninsula
Qatar’s leading life and medical insurer, QLM Life & Medical Insurance Company QPSC, yesterday reported strong first quarter 2021 results.
Net profit for first quarter 2021 was QR25.1m or QR0.07 per share, compared with QR15m, or QR0.04 per share, for first quarter 2020, representing a robust growth of 67 percent.
“Today, Qatar, the MENA region and the rest of the world are continuing to face the COVID-19 health crisis, and QLM is aware of the many challenges that our clients, members, and communities are tackling.
QLM remains fully prepared to continue to meet the needs of our customers, members and partners during these challenging times,” said Sheikh Saoud bin Khalid bin Hamad Al Thani, Chairman of QLM. ....

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Insurance index outperforms other indices


Insurance index outperforms other indices
 05 Apr 2021 - 8:45
Sachin Kumar/ The Peninsula
The shares of insurance companies listed in the Qatar Stock Exchange have risen sharply in the last two months, helped by news of a draft law that would make taking health insurance mandatory for expatriates and visitors for availing basic health care service in Qatar.
Since this draft law was approved by the Cabinet on February 24 this year, the ‘All Share Insurance Index’ has outperformed other sectoral indices in the Qatar Stock Exchange.  The ‘All Share Insurance Index’, commonly known as the Insurance Index among investors, has jumped by around 13 percent since February 24, which is the highest gain among indices.  ....

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