Bima distributes 7% income to policyholders

The Basic Meeting of the shareholders of Daman Islamic Insurance coverage Firm “Bima” held its Odd Basic 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 stated throughout his public deal with, I’m happy to congratulate you on one other yr of fine efficiency and constructive monetary ends in the enterprise development achieved by Bima throughout the yr 2022.

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

Beema took a variety of vital selections and launched a set of distinguished plans throughout the yr 2022, a very powerful of which was Remodeling right into a public shareholding firm and itemizing its shares instantly on the Qatar Inventory Trade, and making ready a method to maintain tempo with the elemental adjustments available in the market affecting domestically and globally and contribute extra to supporting the nationwide economic system consistent with the state’s imaginative and prescient 2030 AD.

It additionally labored to develop the corporate’s efficiency and construct a powerful 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 consistent with the necessities of the regulatory authorities, and in addition the event of insurance coverage companies and bettering the efficiency of submitting digital claims and the fixed endeavor to offer revolutionary insurance coverage options accessible to all clients at affordable costs and top quality, and regardless of the challenges going through 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 in a position to obtain a great enhance within the complete subscribed subscriptions, and obtain a surplus for policyholders.

It additionally succeeded in growing the earnings for shareholders by (15%) and attaining a web revenue for shareholders amounting to 57 million Qatari riyals. Accordingly, the revenue charge per share has grown to 0.28 Qatari riyals within the yr 2022. Based mostly on that success, we count on 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 ideas of governance, together with the annual report of governance for the yr 2022, which shall be introduced to the corporate’s extraordinary basic meeting for approval.

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