Doha Insurance, expansion project

Qatar’s central bank has given its approval to the 437 million QAR (120 million USD) capital increase of Doha Insurance. This decision must be approved by the shareholders’ general assembly.

This move is likely to allow the insurer to strengthen its solvency and its rating while getting endowed with the necessary resources to capture large risks located both in Qatar and outside the country. Monumental development projects will be launched in Qatar in the second half of 2014.