H. E Sheikh Thani Bin Abdullah Al thani , Chairman of the Board , Informed sharholders that 2007 was an excellent year for the Company as gross premium touched QR 160 million ( against QR. 154 million in 2006)and aggregate net profit exceeded QR 60.5 million of which net policyholders’ surplus amounted to QR 16.1 million and shareholders’ net profit reached QR 44.4 million, constituting earnings per share (EPS) of QR 2.96, an increase of 23% over 2006. He added that these results were primarily due to the success of QIIC’s investment strategy as well as its product development and marketing endeavors, pursued during the year, which expanded the Company’s clientele base and permitted it to expand regionally.

The Annual General Assembly approved the distribution of cash surplus to policyholders equaling 18 % of the premiums written in 2007, the highest so far. As for the shareholders, the General Assembly approved the distribution of cash dividends of 35 % of the paid-up capital which equals QR 3.5 per share.