Qatar Insurance establishes new firm for investment management

Mubasher: Qatar Insurance Company on Wednesday announced that its board has approved the establishment of a limited liability firm under the name of “Epicure Investment Management”.

The new company will be established in accordance with the rules of the Qatar Financial Centre (QFC), according to a statement to the Qatar Stock Exchange (QSE).

Qatar Insurance's fresh unit will carry out the investment business and consultation.

The initial capital of the newly launched firm amounts to QAR 1.80 million.

For the first half of 2018, the insurance firm logged a net profit of QAR 384 million, with a 24% year-on-year decline from QAR 505 million in H1-17.

By 12:04 am Qatar time, Qatar Insurance’s stock declined 0.52% at QAR 38.07.

Mubasher Contribution Time: 26-Sep-2018 09:40 (GMT)
Mubasher Last Update Time: 26-Sep-2018 09:46 (GMT)