Qatar Insurance Company (QIC)
Date of Establishment: 1964
Group CEO: Salem Khalaf Al Mannai
Market Value: $2.3 billion
QIC has nine companies, with operations in Qatar, Kuwait, Oman, the U.A.E., and Malta. In 2020, one of the company’s subsidiaries, QLM, raised an IPO on the Qatar Exchange, offering 60% of its share capital—it was the country’s first IPO since 2019. QIC currently holds 25% of the company’s shares. The company reported profits of $34.6 million in 2020, an 80% drop compared to 2019.