Al Alfia Holding acquires a minority stake in Seib Insurance and Reinsurance

Al Alfia Holding, a Qatari investment company, has acquired a minority stake in Seib Insurance and Reinsurance Company, member of the Lebanese Chedid Capital Holding group.

This operation is expected to strengthen Seib's position in the Qatari insurance market and support the continued expansion of its operations.

Al Alfia noted that the local insurer has excellent corporate performance, strong governance, outstanding management and a good rating from Standard & Poor's (S&P).

Founded in 2010, Seib is an insurance company licensed by the Qatar Financial Centre Regulatory Authority (QFCRA). H.E Sheikh Jabor Bin Yousef Bin Jassim Bin Jabor Al-Thani is the Chairman of the company's Board of Directors.