Arab Today, arab today qatar insurance to issue convertible bonds worth 910m qatari riyal
Last Updated : GMT 11:21:26
Arab Today, arab today
Arab Today, arab today

Qatar Insurance to issue convertible bonds worth 910m Qatari riyal

Arab Today, arab today

Arab Today, arab today Qatar Insurance to issue convertible bonds worth 910m Qatari riyal

Qatar Insurance Company (QIC)
Doha - QNA

Qatar Insurance Company (QIC) will issue five-year term convertible bonds worth QR 910 Million (US $250M).
The bonds can be converted fully into paid ordinary shares after three years from the date of issue. The General Retirement and Social Insurance Authority will fully acquire the convertible bonds, QIC said.
The bonds will be issued after obtaining the necessary approvals from the concerned authorities, QIC said following its Ordinary and Extra-ordinary General Meeting chaired by the Board of Directors Deputy Chairman Abdullah bin Khalifa Al Attiya here Sunday.
The Qatar Stock Exchange-listed company aims to expand its reinsurance business globally as well direct insurance growth in local and regional markets.
The meeting also approved increasing company's share capital from the conversion of the bonds into ordinary shares at the conversion date, QIC said.
The meeting also decided that at least 10% of the annual net profit will be allocated to legal reserve till it reaches 100% of the paid-up capital.

arabstoday
arabstoday

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar insurance to issue convertible bonds worth 910m qatari riyal Arab Today, arab today qatar insurance to issue convertible bonds worth 910m qatari riyal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar insurance to issue convertible bonds worth 910m qatari riyal Arab Today, arab today qatar insurance to issue convertible bonds worth 910m qatari riyal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday