Mubasher TV
Contact Us Advertising   العربية

Qatar Islamic Insurance says completing stake increase in QUBI

Qatar Islamic Insurance says completing stake increase in QUBI
Qatar Islamic Insurance Company’s headquarters (Photo credit: Company website)
Islamic Insurance
QISI
0.09% 8.69 0.01

Doha – Mubasher: Qatar Islamic Insurance Company decided in a board meeting to increase its stake in Qatari Unified Bureau Insurance (QUBI) to 25% from 20% in a deal worth QAR 6.75 million ($1.85 million).

The company said on Sunday that it is in the process of concluding this deal.

QUBI is a limited liability company which provides insurance on vehicles entering the country and sell insurance cards for vehicles traveling outside the country.

The stock rose in today’s early trading by 1.52% to QAR 59.84 ($16.44).