Qatar Insurance Company (QIC) Announces That It Has Obtained Regulatory Approval to Add Life Insurance Activities

Qatar Insurance Company Q.P.S.C. (“QIC” or the “Company”) announces that it has received a no-objection from the Qatar Central Bank to amend the scope of its insurance license to include Life Insurance activity linked to savings or investment programs.
The approval was granted following the Company’s regulatory application and is subject to compliance with the applicable requirements of the Qatar Central Bank Law and related instructions.
The Company is presently carrying out the necessary regulatory and administrative updates. Pursuant to the Qatar Central Bank’s directives, it has amended its commercial registration and is currently revising its insurance registration as required.

This disclosure is made in accordance with the applicable disclosure requirements.