OREANDA-NEWS. Qatar Insurance company announces the results of its Board of Directors’ (BOD) meeting held on 13th Dec. 2015, approved the budget figures for the year 2016, reviewed the company’s performance and its subsidiaries during the period from January to November 2015, and discussed the key features of the proposed dividends for 2015, based on the results of the company during this period and the expected results by the end of this year. The board has announced the proposed dividend distribution plan for 2015, which will be as follows: 

1) Cash dividends (25%). 

2) Bonus shares of (10%). 

3) New shares issuance (Rights issue) by (20%) of the company''''s capital after the distribution of bonus shares. 

The final approval and the submission of this plan to the General Assembly of the company will be subject to the actual results reported at the end of the year and also after obtaining the necessary approvals from the respective authorities. 

Another meeting for the Board will be scheduled after closing 2015 accounts for QIC and its subsidiaries, to review and approve the final Financial Statements for the year 2015. 

Sunday the 21st of Feb. 2016 was agreed as a convenient date for QIC General Assembly Meeting.