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Qatar Islamic Insurance Group Increases Foreign Ownership Limit to 100%

Doha: Qatar Islamic Insurance Group announced that it has obtained all necessary approvals to amend Article No. (6) of its Articles of Association, allowing non-Qatari investors to own up to 100% of the Group's capital. The announcement was made in a statement published Tuesday on the Qatar Stock Exchange website.

According to Qatar News Agency, it is worth noting that the company's net profit rose by 2.57% in the first quarter of this year, reaching QR 44.11 million, compared to QR 43 million during the same period last year.