Qatar Insurance company (QIC)
Rank: 18
Sector: Insurance
Date of establishment: 1964
Market value : $2.2 billion
Name: Salem Khalaf Al Mannai
Designation: Group CEO
QIC has nine companies, with operations in Qatar, Kuwait, Oman, the U.A.E., and Malta. In 2020, one of the company’s subsidiaries, QLM, raised an IPO on the Qatar Stock Exchange, offering 60% of its share capital—it was the country’s first IPO since 2019. QIC currently holds 25% of the company’s shares. QIC recorded $1.7 billion in net earned premiums in the first nine months of 2021, a 7% drop compared to the same period in 2020.