Al Khaleej net profit up 23.34%

Al Khaleej Takaful Insurance and Reinsurance’s net profit for fiscal year ending December 31, 2012 is up to QR 78.2 Million, an increase by 23.34% over QR 63.4 Million achieved in 2011. The company’s Earnings Per Share (EPS) this year are QR 5.50 compared to QR 4.46 in 2011, according to Qatar Exchange notification Wednesday. The company’s board has recommended the distribution of 10% cash dividends or QR. 1 per share and 20% bonus shares, subject to ratification by the Annual General and Extra-Ordinary General Meetings to be held March 12 at Giwana Hall, Radisson Blu Hotel here. There was an amendment in the profits of the company due to the remuneration disbursed to its board members. It was recorded in the company’s general expenses and as an income within the revenues, the notification said.