Results of QIIC and BKIC in 2003

The 2003 outcome:

• The Qatar Islamic Insurance Company (QIIC) reported an 18.5 million QAR (5 million USD) in net profit, that is, a 21% growth rate. Gross premiums reaching 57.6 QAR (1.7 million USD) are increasing by 47%, compared to the year 2002.
• By the end of the fiscal year 2003, Bahrain Kuwait Insurance Company (BKIC) made a 1.3 million BD (3.44 million USD) in net profit, thus showing an 11% growth rate, in comparison with the previous year.