Qatar General Insurance and Reinsurance Company has announced increasing its fully owned subsidiary General Takaful Company's capital from QR 50 Million to QR 100 Million.

    The capital increase shall be made through transferring the amount from retained earnings to the capital account, a Qatar Stock Exchange bulletin said Monday.

    The capital increase is subject to the approvals of the concerned regulatory authorities. Set up in 2008, General Takaful providers Shari'a compliant general insurance for commercial and individual clients.