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QIC obtains ministry’s approval for QR963mln rights issue

Posted on 25 February 2013

Qatar Insurance Company (QIC), which is strengthening its operations both within the country and overseas, has received approval from the Ministry of Business and Trade to garner as much as QR963mn through a rights issue.
The company, which is the dominant player in the domestic sector, is offering 21.41mn shares at QR45 a share (including a premium of QR35 a piece). The rights issue will be on tap for a fortnight from March 4, 2013………………………………………..Full Article: Source

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