27 Apr 2021 - 10:08
The Peninsula
Qatar’s leading life and medical insurer, QLM Life & Medical Insurance Company QPSC, yesterday reported strong first quarter 2021 results.
Net profit for first quarter 2021 was QR25.1m or QR0.07 per share, compared with QR15m, or QR0.04 per share, for first quarter 2020, representing a robust growth of 67 percent.
“Today, Qatar, the MENA region and the rest of the world are continuing to face the COVID-19 health crisis, and QLM is aware of the many challenges that our clients, members, and communities are tackling.
QLM remains fully prepared to continue to meet the needs of our customers, members and partners during these challenging times,” said Sheikh Saoud bin Khalid bin Hamad Al Thani, Chairman of QLM.
Qatar- QLM posts robust 67% y-o-y jump in first-quarter net profit menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Insurance index outperforms other indices
05 Apr 2021 - 8:45
Sachin Kumar/ The Peninsula
The shares of insurance companies listed in the Qatar Stock Exchange have risen sharply in the last two months, helped by news of a draft law that would make taking health insurance mandatory for expatriates and visitors for availing basic health care service in Qatar.
Since this draft law was approved by the Cabinet on February 24 this year, the ‘All Share Insurance Index’ has outperformed other sectoral indices in the Qatar Stock Exchange. The ‘All Share Insurance Index’, commonly known as the Insurance Index among investors, has jumped by around 13 percent since February 24, which is the highest gain among indices.
The Mena region saw a total of nine IPOs in 2020, raising proceeds of $1.86bn, a fall of 40 percent in total issuances and 94 percent in total proceeds, when compared with 2019, according to the EY Mena IPO Eye Q4 2020 report.
Qatar lists 3rd largest IPO in region in 2020 thepeninsulaqatar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepeninsulaqatar.com Daily Mail and Mail on Sunday newspapers.