Qatar Insurance's net profit up 53% in first halfReprints
Qatar Insurance Co. S.A.Q. has recorded a 53% year-on-year increase in net profit to 635 million Qatari riyals ($174.5 million) in the first half of 2014, the Gulf Times reported.
The insurer's gross premium topped QAR 3 billion during the period. The insurer's board of directors has approved the establishment of a subsidiary insurer in Malta to "attract good and strategic risks" from different European nations.