QLM general assembly approves distribution of 10% cash dividend to shareholders

QLM general assembly has approved distribution of cash dividends of 10% to shareholders.

This was decided by QLM annual general assembly at its meeting on February 26.

“This decision underscores the company’s robust financial performance and commitment to delivering value to its stakeholders,” QLM said.

QLM chairman Sheikh Saoud bin Khalid bin Hamad al-Thani 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.

QLM CEO Fahad Mohammed al-Suwaidi noted: “Technology and innovation, particularly advancements in AI, have been transformative for QLM, enabling us to optimise 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 capitalise on emerging opportunities and deliver sustained value,” the company said.

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

The company’s vision is to continuously provide outstanding healthcare services, by becoming the most trusted healthcare partner in Qatar and beyond, following a path of continued success in health insurance.