Business

Bima distributes 7% income to policyholders

The Common Meeting of the shareholders of Daman Islamic Insurance coverage Firm “Bima” held its Unusual Common Meeting yesterday night on the firm’s headquarters below the chairmanship of Mr. Mohammed Ismail Al-Emadi, a member of the Board of Administrators. He mentioned throughout his public handle, I’m happy to congratulate you on one other yr of excellent efficiency and constructive monetary leads to the enterprise development achieved by Bima in the course of the yr 2022.

He mentioned: Since its institution in 2009, Beema has succeeded in confirming its value in occupying its distinguished place within the Qatari Takaful insurance coverage sector, and topped that success by reworking it right into a public joint inventory firm in January 2023.

Beema took various essential selections and launched a set of distinguished plans in the course of the yr 2022, crucial of which was Remodeling right into a public shareholding firm and itemizing its shares instantly on the Qatar Inventory Alternate, and making ready a method to maintain tempo with the basic modifications available in the market affecting domestically and globally and contribute extra to supporting the nationwide financial system according to the state’s imaginative and prescient 2030 AD.

It additionally labored to develop the corporate’s efficiency and construct a robust inside base for governance, compliance, and combating Cash laundering and coaching of cadres in addition to the corporate’s board of administrators on strategies of disclosure and transparency according to the necessities of the regulatory authorities, and likewise the event of insurance coverage companies and enhancing the efficiency of submitting digital claims and the fixed endeavor to supply modern insurance coverage options obtainable to all clients at cheap costs and top quality, and regardless of the challenges dealing with the insurance coverage business, however Bima maintained sturdy solvency ratios and excessive credit score insurance coverage, which gave it the successful bid The 2022 World Cup, which is expounded to legal responsibility insurance coverage, after intense competitors with main insurance coverage corporations within the nation. He added: Bima was capable of obtain a superb improve within the whole subscribed subscriptions, and obtain a surplus for policyholders.

It additionally succeeded in rising the revenue for shareholders by (15%) and attaining a web revenue for shareholders amounting to 57 million Qatari riyals. Accordingly, the revenue price per share has grown to 0.28 Qatari riyals within the yr 2022. Based mostly on that success, we anticipate within the subsequent stage to proceed to enhance the standard of insurance coverage merchandise and innovate extra companies, along with understanding the variables and developments of the native market and strengthening the efficiency of the corporate’s funding portfolios. He added: The corporate has dedicated itself to the necessities and rules of governance, together with the annual report of governance for the yr 2022, which will likely be introduced to the corporate’s peculiar common meeting for approval.

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