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Oman Qatar Insurance Company
Launch the IPO on Muscat Securities Market
August 13, 2017
Oman Qatar Insurance Company - one of the leading insurance
companies in the Sultanate of Oman and a member of the Qatar
Insurance Group, which owns about 70% of the company – has
announced that its Board of Directors expressed its intention to
launch the initial public offering (IPO) on Muscat Securities
Market.
Mr. Khadija Abdullah Turki Al-Subaie, Chief Executive Officer of
Qatar Insurance Group, pointed out to the strategic importance
of this step in strengthening the Group's position in the
Sultanate of Oman market. The initial offering is part of the
company’s efforts to comply with the provisions of the Royal
Decree amending the Insurance Law which requires insurance
companies licensed to operate in the Sultanate to fulfil a
number of conditions, including offering their shares for public
subscription.
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