Qatar Holding Ponders Increase in Qatar Insurance Co
08. Aug, 2012
Qatar Holding, a sovereign wealth enterprise (SWE) of the Qatar Investment Authority, is in discussions to possibly increase a stake in Qatar Insurance Co, a publicly-traded company. It would be done by the purchase of new shares in the company. The sovereign fund already owns a sizable position in the insurance company.
Qatar Insurance Co. is a dominant firm in the country’s insurance industry. The Qatar Insurance Co. was founded by a Qatari Emiri Decree in March 1964. The government of Qatar contributed capital and still holds a 12% stake in the company.
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