Qatar Insurance Company (QIC)
Top 100 Companies in the Middle East 2021

SR.No: 63

Qatar Insurance Company (QIC)

Sector: Insurance

Date of Establishment: 1964
Country: Qatar
Group CEO: Salem Khalaf Al Mannai

Sales: $2.8 billion

Profits: $34.6 million

Assets: $11.7 billion

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.