Doha, November 07 (QNA) – Qatar Insurance Company (QIC) /Qatari shareholding company/ announced that the credit rating agency Standard & Poor’s (S&P) confirmed its A- issuer credit and financial strength ratings on QIC, with a stable outlook.
The company had recently recorded losses estimated at QR 130,701,000 in the third quarter of this year, compared to a net profit of QR 498,238,000 for the same period last year.
Data issued by the company, published on Qatar Stock Exchange website, showed that the loss per share amounted to QR 0.073 in the third quarter of this year, compared to a profit of QR 0.123 per share for the same period last year.
It should be noted that QIC was established in 1964 and was listed on Qatar Stock Exchange in 1997. (QNA)