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Qatar Insurance's net profit up 53% in first half

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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.

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