Doha – Mubasher: Al Khaleej Takaful Group’s board of directors agreed on Monday to raise the national insurer’s stake in Qatari Unified Bureau Insurance (QUBI) from 20% to 25% in a move worth QAR 6.75 million.

Two other insurers have announced these couple of days lifting their stake to 25% in QUBI.

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 group’s stock rose today by 1.16% to QAR 26.