Damaan Islamic Insurance Company (Beema) held its General Assembly Meeting yesterday, which was presided over by Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani, the company's Charman.

A distribution of 10% of the nominal share capital was recommended by the Board of Directors. Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani, speaking to the stakeholders, said that the previous year was a true test for Beema Company and its ability to resolve the obstacles faced by the coronavirus pandemic.

According to the Chairman, the Beema Company maintained its leadership role in the Qatari Takaful insurance industry. Activating frameworks and strategies for handling the company's securities portfolios, as well as continuing to update anti-money laundering and terrorist funding policies, monitoring processes, threats, and enforcement, were among the company's most notable accomplishments in 2020.

The corporation also undertook the requisite precautions to shield itself from the effects of the coronavirus pandemic by making immediate appropriations and reserves, as well as an appropriation for questionable debts.

In compliance with the Qatar Central Bank's corporate governance guidelines, the organization has adhered to the standards and principles of corporate governance.

The Board of Directors extended their heartfelt gratitude to HH the Amir and HE the Prime Minister for their continued support and encouragement. The Board also expresses its gratitude to employees of the Ministry of Commerce and Industry and the Qatar Central Bank for their sincere cooperation, the company's Sharia' Supervisory Board for its generous advice, the company's shareholders and clients, policyholders, for their confidence and continued support, and the company's management and employees for their loyalty and hard work.