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.