QLM general assembly meeting approves cash dividends of 10% to shareholders

02/03/2025 15:17 AST

QLM, a leading force in the health and life insurance industry, held its Annual General Assembly meeting on February 26, 2025.The General Assembly approved distribution of cash dividends of 10% to shareholders. This decision underscores the company's robust financial performance and commitment to delivering value to its stakeholders.

Sheikh Saoud bin Khalid bin Hamad Al Thani, the Chairman of QLM, stated, "QLM's financial resilience and strong capital position have been pivotal in navigating the challenges of the past year. Our ability to deliver consistent value to shareholders, even in uncertain times, reflects the strength of our market position and the trust our stakeholders place in us. As we move forward, we remain committed to maintaining our stronghold in the market and driving long-term growth."

The meeting highlighted QLM's continued resilience in a dynamic market environment, reflecting its strong capital position and strategic foresight. The Board's approval of the dividend distribution is a testament to QLM's ability to generate sustainable returns while maintaining a solid foundation for future growth.

Fahad Mohammed Al Suwaidi, QLM CEO, further affirmed at the meeting, "Technology and innovation, particularly advancements in AI, have been transformative for QLM, enabling us to optimize operations and unlock new opportunities. As we look to the future, we are confident that our continued investment in cutting-edge technologies will propel us to even greater heights, ensuring we remain at the forefront of our industry."

The approval of the 10% cash dividend distribution reflects QLM's confidence in its financial stability and its dedication to rewarding shareholders. The company remains focused on leveraging its strengths to capitalize on emerging opportunities and deliver sustained value.

QLM is a publicly listed Qatari company specialized in life and medical insurance solutions and aim at providing best-in-class service to its clients, with a unique value proposition.

The Peninsula