Wednesday, February 6, 2013

QGRI, Mazaya and Ezdan disclosed their financial results for 2012


Qatar General Insurance and Reinsurance Company (QGRI) disclosed its audited financial results for the year ending on 31 December 2012 with a net profit worth of QR. 175 Million in 2012 compared to QR. 170.1 Million in 2011.

The EPS amounted to QR. 3.50 for 2012 compared to QR. 3.39 in 2011.

The company’s Board recommended the distribution of 10% of the share’s par value as cash dividends, which will be submitted for approval by the Assembly General meeting to be decided at a later time as well as the distribution of 15% bonus shares of the company’s capital – 1.5 shares for each 10 owned shares.

Mazaya Qatar Real Estate Development disclosed its financial results for the year ending on 31 December 2012 with a net profit worth of QR. 63 Million in 2012 compared to QR. 49 Million in 2011.

The EPS amounted to QR. 0.63 for 2012 compared to QR. 0.49 in 2011.

The company’s Board recommended the distribution of (6%) cash dividends of the share’s par value (60 Dirhams per share).

The recommendation will be submitted for approval by the AGM which will be held at Qatar National Conventional Centre (Hall 1) at 4:00 pm on Monday 11/3/2013.
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Ezdan Holding Group disclosed its financial results for the year ending on 31 December 2012 with a net profit worth of QR. 408.7 Million in 2012 compared to QR. 345.4 Million in 2011.

The EPS amounted to QR. 0.15 for 2012 compared to QR. 0.13 in 2011.

The Group also announced that it has recommended the distribution of 1.3% cash dividends (13 Dirhams per share), which will be submitted to the Assembly General for approval thereof.

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