Damaan Islamic Insurance

Beema posts QR63m net profit in 2015

The net profit of the shareholders of Damaan Islamic Insurance’s (Beema) touched QR63m for the full-year 2015. Abdullatif Abdulla Zaid Al Mahmoud, the Deputy Chairman of the company, said Beema has achieved a gross contribution of QR314m in the year 2015; a 23 percent increase on year-on-year; and a surplus of QR16.5m from insurance operations, up 114 percent compared to the year 2014. The shareholders profit increased 17 percent to QR46.5m. The investment portfolio achieved an income of QR19.2m during the year 2015. The financial results were announced after the company’s board of directors’ meeting yesterday.

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