Doha, 27 October 2022 – Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North Africa (MENA) region, today announced a net profit of QAR 571 million from continuing operations for the first nine months of 2022. The Group’s gross written premiums amounted to QAR 7.8 billion, as QIC’s domestic and MENA operations continued to expand its gross written premiums by 14% to QAR 2.3 billion. In line with the strategy to restructure or exit from low margin or loss making businesses, QIC Group announced its intention to divest its Gibraltar-based direct insurance carriers.
Mr Khalifa Abdulla Turki