Qatar Insurance Company Holds Annual General Assembly and Extraordinary General Assembly Meetings
Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, held its Annual General Assembly (AGM) and Extraordinary General Assembly (EGM) meetings on Thursday, 12 March 2026, virtually via Microsoft Teams. The meetings were chaired by His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani, Chairman of the Board of Directors of Qatar Insurance, and were attended and participated in by members of the Board, executive management, shareholders, and representatives of regulatory authorities.
During the AGM, shareholders reviewed and approved the Board of Directors’ report on the Company’s activities and financial position for the financial year ended 31 December 2025, as well as the Company’s future strategic plans. The Assembly also approved the company’s consolidated financial statements for 2025, including the balance sheet and profit and loss account, following the presentation of the external auditors’ report.
Qatar Insurance delivered strong financial results in 2025, with net profit before Pillar Two taxes reaching QAR 874 million, a 19% year-on-year increase. Net profit attributable to shareholders amounted to QAR 791 million, while Gross Written Premiums reached QAR 9.9 billion. The company reported an Insurance Service Result of QAR 506 million, and investment and other income totaled QAR 993 million. Earnings per share increased to QAR 0.188 from QAR 0.171 in 2024.
His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani, Chairman of the Board of Directors, said:
“The 2025 results reflect the Company’s strong financial position and the success of its strategy in achieving sustainable growth despite global economic challenges. Qatar Insurance continues to strengthen its presence in key markets while maintaining a balanced and diversified portfolio, supporting the creation of long-term shareholder value.”
Salem Al Mannai, QIC Group CEO, said:
“These results underscore the Group’s continued progress in executing its strategy across domestic, regional, and international markets. We remain focused on innovation, digital transformation, and enhancing customer experience to support the Company’s future growth opportunities.”
The AGM approved the distribution of a cash dividend of 11% of the nominal value per share, equivalent to QAR 0.11 per share, for the financial year ended 31 December 2025. The Company confirmed that the approved dividend will be transferred to Edaa for distribution to eligible shareholders and invited shareholders to contact Edaa for any clarifications regarding the dividend distribution.
Shareholders also approved all transactions with related parties carried out by the Company during the financial year 2025. The Assembly approved the Corporate Governance Report for 2025 and reviewed and approved both the Remuneration Policy and the Related Party Policy for 2026.
The AGM approved the discharge of the members of the Board of Directors from liability for the financial year 2025 and endorsed the remuneration allocated to each Board member for the same year, subject to Qatar Central Bank approval. Shareholders also approved the appointment of the company’s external auditors for the financial year 2026 and their corresponding fees.
Shareholders were briefed on the Company’s progress in digital innovation and product development. In 2025, QIC continued to enhance its digital ecosystem through improvements to the QIC App, including the ability for customers to obtain on-the-spot car insurance for vehicles that pass inspection at Company inspection centers or via the mobile application. The Company also introduced the “Events” feature to browse and purchase tickets for sporting, cultural, and entertainment events in Qatar, while expanding redemption options through its Coins loyalty program via partnerships with leading brands.
QIC also launched two new personal lines products in 2025: Qatar’s first school fees protection insurance and personal cyber insurance, strengthening its consumer offering and supporting its digital-first strategy.
In its role in advancing innovation and industry dialogue in the region, QIC hosted the fourth MENA InsurTech Summit and the inaugural MENA FinTech Summit in Doha in 2025, with more than 1,500 participants, including industry leaders, innovators, and policymakers, discussing the impact of AI and emerging technologies on the insurance and financial services sectors.
Shareholders approved the election of the Board of Directors for a three-year term. His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani was confirmed as a Board member, on behalf of the General Authority for Retirement and Social Insurance (Civil Pension Fund).
The following non-independent Board members were elected:
Abdulrahman Issa Al Mannai – on behalf of Al Ghariya Real Estate Investment Co.
H.E. Sheikh Faisal bin Thani bin Faisal Al Thani – on behalf of Brooq Trading Co.
Sheikh Saud bin Khalid bin Hamad Al Thani – on behalf of Al Dawodiya Holding Co.
Sheikh Fahad bin Hamad bin Jassim Jabr Al Thani – on behalf of Al Mirqab Capital Co.
Mr. Ali Hussein Ibrahim Al Fardan – on behalf of Alfardan Investment Co.
Mr. Ali Yousef Hussein Kamal – in a personal capacity
Dr. Khalifa Abdullah Hussein Al Naama – in a personal capacity
The following were appointed as reserve members:
– Mr. Abdulaziz Mohammed Hamad Abdullah Al Mana – on behalf of Al Mana Capital Co.- Mr. Mohammed Jassim Ibrahim Jaidah – on behalf of Al Jaidah Automobiles & Trading Co.
Independent Board members elected by acclamation were:
– Mr. Ibrahim Jassim Al Othman Fakhro- Sheikh Jabr Abdullah bin Ali bin Jabr Al Thani
Shareholders acknowledged one vacant independent Board seat and authorized the Chairman to take the necessary actions to fill the position in accordance with applicable legislation.
Following the AGM, the EGM approved amendments to the Company’s Articles of Association to ensure compliance with the Corporate Governance System for Listed Companies issued by the Qatar Financial Markets Authority Board (Resolution No. 5 of 2025) and all related laws and regulations, subject to Qatar Central Bank approval. The EGM also authorized the Chairman or his Deputy to individually sign all documents necessary to implement the approved amendments.
Board Leadership Appointments:
Following the confirmation of the Board members, the Board elected His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani as Chairman and Mr. Abdulrahman Issa Al Mannai as Vice Chairman for the new term.
QIC Wins Customer Experience Initiative of the Year Title at Insurance Asia Awards
Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been awarded the “Customer Experience Initiative of the Year in Qatar” title at the 2025 Insurance Asia Awards. The accolade was announced during the program’s annual awards ceremony held last week in Singapore, attended by representatives from leading insurers across the continent.
This prestigious recognition underscores QIC’s success in delivering a seamless and innovative customer journey through its QIC App, the company’s flagship platform. Designed to cover the daily digital needs of everyone in Qatar, the app has significantly simplified users’ experiences, enabling them to instantly understand their coverage needs, purchase policies in just a few clicks, and conveniently access a suite of non-insurance services related to everyday life.
Commenting on the award, Mr. Salem Al Mannai, Group CEO of QIC, said: “We are honored to be recognized once again by one of the most respected insurance award programs in Asia, and to see our solutions acknowledged by a panel of renowned industry experts. This achievement affirms the strength of QIC’s digital strategy, and our ongoing commitment to enhancing the customer journey with cutting-edge, user-centric solutions. Our investment in digital innovation over the past few years has allowed us to consistently deliver better access to the best coverage for everyone in Qatar, and we look forward to building on this momentum and setting new benchmarks for digital excellence at local and regional levels.”
QIC App is the first and only platform of its kind in Qatar, offering integrated insurance and non-insurance features through a single interface. Whether it’s purchasing or managing policies, paying installments, or submitting and tracking claims, the app offers a comprehensive digital ecosystem for all insurance needs. QIC App also includes value-added solutions such as a car marketplace, car rentals, repair and detailing services, and other features designed to enhance convenience and peace of mind for customers across the country.
Insurance Asia Magazine is a biannual publication based in Singapore, providing in-depth insights into the Asian insurance sector through news, interviews, and expert analysis. The magazine’s Insurance Asia Awards is one of the most prestigious award programs continent-wide, recognizing insurers that have achieved outstanding milestones, introduced innovations, and set new industry benchmarks.
Qatar Insurance Group appoints new CEO of Kuwait Qatar Insurance Company
Qatar Insurance Group announced the appointment of Mr. Abdallah Abdulatif Al-Ahmad as the new Chief Executive Officer (CEO) of its subsidiary Kuwait Qatar Insurance Company (KQIC).
Mr. Abdallah brings 11 years of experience, having worked previously as Head of Facultative Acceptance for Property & Political Violence covering Middle East, Asia, Africa, The Commonwealth of Independent States (CIS) and Central and East Europe (CEE) region with Kuwait Re, as well as the Head of the Insurance Sector Development Committee at the Kuwait Insurance Federation for a period of three years.
Commenting on the latest appointment, QIC Group CEO, Mr. Salem Al Mannai said, “on behalf of the Board, I would like to welcome Mr. Abdallah to QIC Group. Abdallah’s previous experiences in the Kuwait insurance market, coupled with the right set of skills uniquely position him to lead KQIC through its next phase of strategic growth and to drive increased value for its shareholders”.
Established in 2004, Kuwait Qatar Insurance Company (KQIC) is a subsidiary of Qatar Insurance Group. KQIC offers both conventional insurance products and believes in delivering innovative retail solutions for Home, Travel and Car Insurances to every segment of its customer base. KQIC serves as a conduit in providing insurance services across the GCC and helps connect overseas insurance interests through its global network. KQIC is a subsidiary of Qatar Insurance Group, which has a global underwriting footprint spread across all continents.
Qatar Insurance Company Q.S.P.C. (QIC) is a publicly listed composite insurer with a consistent performance history of over 50 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader in Qatar and a dominant insurer in the GCC and MENA regions. QIC is also one of the largest insurance companies in the MENA region in terms of gross written premium and total assets. It is listed on the Qatar Stock Exchange and has a market capitalization in excess of QAR 6.5 billion. QIC was crowned as the best online insurance company in the Middle East at the Global Banking & Finance Review Awards 2022.