The Board of Islamic Insurance, in its Meeting No. 2/2009 held on 25/02/ 2009, decided to :-

1- approve the audited Financial Statements of the Company for the Year Ended 31 December 2008.

2- recommend to the Annual General Assembly to approve the distribution of cash dividends of 30 % of the paid – up capital (equaling QR 3.0 per share) to the shareholders of the Company.

It should be noted that the financial results for the year ended 31.12.2008 show that the Company achieved net insurance surplus of QR 16.1 Million ( QR 16.1 Million for 2007 ) and net shareholders profit of QR 68.5 Million representing Earnings Per Share (EPS) of QR 4.57 and an increase of 54.3 % over 2007's net profit of QR 44.4 Million and QR 2.96 per share.

As the complete set of the audited financial statements for 2008 is in the process of being produced, the complete set of the audited and signed statements and notes will be displayed on the site once submitted by our independent auditors.