GROUP PROFILE - qgirco.com · Qatar General Holding Company manages investment portfolios and is a subsidiary of Qatar General Insurance & Reinsurance Company. General Takaful Company

GROUP PROFILE

A GROUP OF EXCELLENCE

Qatar General Insurance & Reinsurance Co. S.A.Q.

www.qgirco.com

Libya

Algeria

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All our companies are leaders in their fields. Each one is a recognised force in their individual market. Collectively, they form our Group

because together we are stronger.


United ArabEmiratesBahrain

Qatar

Oman

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Qatar General Insurance & Reinsurance Company is a diversified group of market-leading companies.

With headquarters in Qatar, and subsidiaries and associated companies across the MENA region, the

Group covers multiple industries, with core functions in the insurance and real estate sectors.

Established 1979

A group of companies spanning the Middle East & North Africa

Publicly listed company on the Qatar Exchange since May 1997

Syria

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WHO WE ARE

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To be the leading Group in Qatar and the MENA region, providing a strategic mix of products and services through dedicated companies and knowledgeable employees, creating indisputable customer loyalty and solid business partnerships built on trust, respect and fairness.

To develop and deliver market-leading products and services to clients in Qatar and the MENA region that support the development of local and regional communities through the collaboration of the Group’s member companies.

Trust, respect and loyalty are the pillars of the Group’s values. As such, all our employees proudly contribute to the success and security of each company and their clients, which in turn underpins the overall achievements of the Group.

OUR VISION

OUR MISSION

OUR VALUES

Over the past 35 years, the Group has built apowerful corporation due particularly to the strengthof each individual company. Our past achievements and continuous growth propel the Group forward aswe strive to meet the needs of Qatar and beyond.

Ghazi Abu NahlGroup Chief Executive Officer


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FINANCIAL HIGHLIGHTS

Qatar General Insurance & Reinsurance Company

Consolidated Statement of Profit or Loss

Gross written premiums

Net written premiums

Net earned premiums

Investment income

Total revenue

Total expenses

Profit for the year

Profit attributable to equity holders of the parent

Consolidated Statement of Cash Flows

Net cash flows from operating activities

Net cash flows used in investing activities

Net cash flows (used in) from financing activities

Cash and cash equivalents at 31 December

Consolidated Statementof Financial Position

Liquid assets

Total investments

Total assets

Total gross technical reserves

Net technical reserves

Equity attributable to equity holders of the Parent

Total liabilities

2015

627,256

200,706

187,161

245,916

1,226,961

(320,034)

925,804

925,709

2015

183,248

(183,646)

(273,919)

229,250

2015

1,454,292

7,486,398

9,409,516

1,101,580

241,710

6,290,245

3,117,062

2014

616,454

190,748

198,005

192,450

1,211,999

(310,863)

920,023

919,756

2014

170,946

(54,619)

232,564

503,567

2014

1,879,294

6,751,634

8,553,738

769,321

223,545

5,675,801

2,875,823

2013

560,255

207,796

205,989

70,201

2,365,498

(259,159)

2,130,985

2,130,433

2013

175,753

(121,651)

58,318

154,676

2013

1,349,483

5,864,372

7,111,892

688,322

204,552

4,777,583

2,332,462

2012

500,180

202,534

195,629

57,725

374,935

(255,904)

175,560

174,999

2012

15,746

(314,006)

189,678

42,256

2012

1,052,543

3,438,363

4,714,810

623,067

186,858

2,576,880

2,136,635

2011

471,325

186,169

198,835

56,230

432,377

(270,547)

170,322

170,082

QR’000

2011

102,978

(205,451)

197,861

149,790

2011

1,198,603

3,121,865

4,282,968

532,930

163,386

2,547,402

1,734,832

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SERVICING CUSTOMERS ACROSS THE MENA REGION

Subsidiaries

Country of incorporation : Qatar

Qatar General Insurance & Reinsurance Company is a publicly-listed Qatari company offering insurance solutions for personal and commercial customers.

World Trade Center - Qatar is part of The World Trade Centers Association that promotes and facilitates trade and investment between Qatari and international companies.

Orientals Enterprises is a construction management business delivering residential, commercial, and industrial medium- to large-scale construction projects across Qatar.

Qatar General Holding Company manages investment portfolios and is a subsidiary of Qatar General Insurance & Reinsurance Company.

General Takaful Company is one of the leading providers of Shari’a compliant insurance products in Qatar for personal and commercial customers.

General Real Estate Company is a real estate development and management company and one of the leading players in the Qatar real estate market.

Mozoon Insurance Marketing Services is the primary direct marketing arm for Qatar General Insurance & Reinsurance Company, marketing insurance solutions to personal and commercial customers across Qatar.

General Tower for Real Estate Investments is a tower rented entirely to Qatar Petroleum – a flagship company of the Country that is responsible for all oil and gas processes in Qatar.

General Company for Water and Beverages is a water treatment and bottling company with a purpose-built factory for large-scale production and distribution of bottled water in cups, bottles and dispensers to the retail, catering and corporate markets.

Mozoon Real Estate Company specialises in the project management and development of small- to medium-sized real estate projects in Qatar.

Established: 5 March 1979

Ownership percentage: 100%

Established: 17 May 1995


Established: 17 August 1999


Established: 14 February 2008


Established: 21 May 2008


Established: 30 March 2008 Ownership percentage: 100%

Established: 7 November 2012






Established: 29 July 2009



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Associates

Trust Syria Insurance Company is a leading insurance and reinsurance company in Syria offering insurance solutions for personal and commercial customers.

Oman Reinsurance Company offers reinsurance services. The company provides fire, engineering, marine cargo, marine hull, accident, and motor reinsurance services.

Trust Algeria Assurances & Reassurances is an insurance company located in Algiers, Algeria providing insurance solutions for individual and corporate customers.

The Arab Insurance Institute is an independent organisation providing training and education to insurance-related companies and professionals across the MENA region.

Trust Investment Holding Algeria oversees and manages Trust Group Investments. The company is a majority shareholder in Trust Bank Algeria and Trust Real Estate

Qatari Unified Bureau Insurance provides Shari’a compliant insurance for vehicles entering the State of Qatar as well as those leaving for travel within the GCC.

Trust Bank Algeria provides conventional banking products and services to private and commercial customers.

Trust Insurance-Libya is part of the Trust International Insurance Group and offers insurance products for personal and commercial customers.

International Financial Securities Company is a private Qatari company providing brokerage and trading services.

Gulf Assist is a Bahrain-based business that is part of a global insurance network providing insurance for individual and corporate customers.

Established: 5 April 2006

Country of incorporation : Syria



Country of incorporation : Oman


Established: 25 January 1995

Country of incorporation : Algeria


Established: 21 December 2009

Country of incorporation : Syria





Established: 31 January 1999







Country of incorporation : Libya


Established: 3 June 1998



Established: 13 June 1994

Country of incorporation : Bahrain


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QATAR GENERAL INSURANCE & REINSURANCE COMPANY

Qatar General Insurance & Reinsurance Company (QGIRCO) is one of Qatar ’s leading providers of insurance solutions for personal and commercial customers and services a majority share of Qatar ’s rapidly-growing customer-base with its wide range of products.

Servicing many of the top companies in Qatar, QGIRCO dominates the personal and commercial insurance markets providing customers with individual

and commercial risk-management and loss-prevention solutions.

Specialist business sectors

Energy

Motor

Engineering

Casualty

Property

Medical & Life

Marine

Personal insurance products

Accident

Business

Medical

Property

Travel

Motor


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GENERAL TAKAFUL COMPANY

General Takaful is one of the leading providers of Shari’a compliant general insurance solutions for commercial and personal customers in Qatar, providing market-leading products with value-added features and exemplary service from quotation to claim.

With its growing network of branches across Qatar and key bancassurance agreements, General Takaful confirms its commitment to providing outstanding

customer service across the country.

Personal insurance products

Accident

Business

Medical

Family Takaful

Property

Travel

Motor

Specialist business sectors

Energy

Motor

Engineering

Casualty

Property

Medical & Group Family Takaful

Marine

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QATAR GENERAL HOLDING COMPANY

Qatar General Holding Company (QGH) has two primary functions: to own most of the Group’s subsidiary companies and to manage the treasury and investment functions of the Group. As the investment arm of the Group, QGH manages the QR 1.2 billion investment portfolio in stocks, bonds and managed funds. It is also responsible for investments in associate companies.

QGH takes an active role in securing funding from regional relationships for some of the Group’s major real estate developments through GRECO, and uses its in-house

expertise to scrutinise the economic viability of strategic acquisitions

As a wholly-owned subsidiary of Qatar GeneralInsurance & Reinsurance Company, QGH is focused on the regional market, analysing and pursuing worthwhile trade and investment opportunities that will deliver to the expectations of its Shareholders.


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GENERAL REAL ESTATE COMPANY

General Real Estate Company (GRECO) is a real estate development and management company, and one of the leading players in the real estate market with a QR 6 billion portfolio and a number of high-profile projects in progress.

Continual reinvestment in major real estate developments throughout the country supports the exponential growth of Qatar and confirms GRECO’s proud commitment to

Qatar National Vision 2030.

Real Estate Developments

Project Name DescriptionLocation

General Tower

Mozoon Towers

Waterfront Tower

Block H – Fox Hills

Residential Development

Mixed Use Development

Corniche Road

West Bay

Lusail

Lusail

Al Wakrah

Salwa Road

Offices leased to Qatar Petroleum

Hospitality and residential development to be operated by Marriott and Oberoi

Hospitality; Oberoi will operate the serviced apartments

Residential, office and retail development

Residential Development

Hotel and commercial development

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WORLD TRADE CENTER - QATAR

The World Trade Center - Qatar is part of the World Trade Centers Association and supports the growth of the local economy through promoting and facilitating trade and investment opportunities between Qatar and international companies.

Each year, the World Trade Center in Qatar builds on its impressive global member network by introducing new local and international businesses to mutually-beneficial business

opportunities that will increase their reach and international presence.

Key facts:

The World Trade Centers Association includes 325 World Trade Centers in 92 countries.

Through regular contact with local businesses and participation in strategic meetings, the World Trade Center - Qatar provides links to pursue international opportunities.

For the past 20 years, the World Trade Center - Qatar has planned and hosted events aimed at introducing trading partners to the Qatari market.

The World Trade Center - Qatar helps local businesses extend their reach through trade missions and access to business services in their state-of-the-art facilities.


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ORIENTALS ENTERPRISES

Orientals Enterprises is an innovative Grade A-classification construction business with a strong track record of delivering residential, commercial, and industrial, medium- to large-scale construction projects across Qatar.

Orientals Enterprises is focused on delivering vital infrastructure projects throughout Qatar, using innovative and sustainable construction solutions to

achieve exceptional results.

Key facts:

Orientals Enterprises delivers custom-made solutions to its clients in construction management, project management, high-rise development, and procurement.

Orientals Enterprises manages a 500-strong workforce, divided into various disciplines related to the company’s work to bring a specialist approach to all project elements.

Established in 1999, Orientals Enterprises continues to be focused on delivering significant infrastructure projects to meet the growing needs of the country.

Over 50 projects completed in the past few years alone in housing and other commercial projects.

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BOARD OF DIRECTORS

Sheikh Nasser Bin Ali Bin Saud Al Thani

Chairman andManaging Director

Sheikh Mohammed Bin Ali Bin Saud Al Thani

Deputy Chairman

Mr. Mohammed Hamad Al-Mana

Board Member

Mr. Hamad MohammadAl-Mana

Board Member

Mr. Khalifa Ali Al-Kaabi

Board MemberRepresentative of Ali Bin Saad Al-KaabiTrading & Contracting Company

Mr. Rashid FaisalAl-Nuaimi

Board MemberRepresentative ofAl-Faisal Trading & Contracting Establishment

Mr. Walid AhmedAl-Saadi

Board Member

Representative of NorthAfrica Energy Company

Professor. Ali Muhyealdin Al-Quradaghi

Chairman of Fatwa and Shari’aSupervisory Board

Mr. Jamal Kamel AbuNahl

Board Member

Representative of Al Sari Trading Company

FATWA AND SHARI’A SUPERVISORY BOARD


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GROUP EXECUTIVE COMMITTEE

Sheikh Nasser Bin Ali Bin Saud Al Thani Chairman and Board of Directors

Sheikh Nasser is a distinguished leader in the business community with close to 30 years’ experience in insurance, investments, banking, real estate and

general contracting. An innovator and a strategic thinker, Sheikh Nasser has a notable track record

in high-level management. He holds a number of executive and board positions in leading

organisations in Qatar and across the region.

Jamal Abu Nahl Chief Executive Officer and Board Member

Mr. Jamal Abu Nahl leads the Group’s insurance and investment operations. He is also Chief Executive

Officer for Qatar General Holding Company. Mr. Abu Nahl has more than 30 years’ experience

in business, investments and related fields, including project development. Towards the end of 2008, he

successfully spearheaded the Group’s reorganisation into a holding company.

Ghazi Abu Nahl Chief Executive Officer

Mr. Ghazi Abu Nahl’s insurance career began with Arab Commercial Enterprises in Qatar, 1960. In 1979, Mr. Abu Nahl formed Qatar General Insurance & Reinsurance Company. Today, Mr. Abu Nahl’s vision is to see the Group maintaining the highest standards of professionalism and becoming a household name regionally. He is committed to strengthening the calibre of staff, enhancing long-term relationships with strategic partners, and expanding the Group’s presence in new markets.

Abdallah BarrageDeputy Chief Executive Officer - Investment

Mr. Abdallah Barrage is Deputy Chief Executive Officer of Qatar General Holding Company (QGH). Mr. Barrage spearheaded the restructuring of the Group through the segregation of core insurance activity and investment operations, and contributed towards the establishment of Qatar General Holding Company (QGH) and General Real Estate Company (GRECO). He also serves as Director representing QGIRCO on the board of several associated companies. Mr. Barrage is a highly respected figure in the local and regional financial markets, a reputation he earned through more than 35 years of his extended banking career in the region.

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GROUP LEVEL SENIOR MANAGEMENT

Mohammad Al Lahham Group Chief Financial Officer

Mr. Mohammad Al Lahham is the Group CFO and has more than 15 years’ experience in key positions with

large regional and international corporations. Mr. Lahham is a qualified professional accountant (CPA) and an expert in areas including planning,

corporate finance, financial control, auditing, budgeting and risk management, with extensive global

exposure to diverse markets and investment trends in his areas of expertise. He also holds a Masters of

Business Administration (MBA) in Finance

Wessam Al Habli Group ICT Manager

With over 26 years leading ICT for the Group, Mr. Al Habli has laid the foundation for all our

ICT functions. He has acquired, implemented and integrated the Group’s technology, and increased

core system availability by implementing robust standards and best practices. Mr. Al Habli’s major

IT-related projects include setting up new branches, launching a fully functioning disaster recovery site,

and implementing CCTV and access control systems integrated with the HR system.

Sheikh Khalid Bin Nasser Al ThaniGroup Manager — HR & Administration

Sheikh Khalid Bin Nasser Al Thani has been the Group Manager of HR and Administration since joining the Group in 2011. In his role, Sheikh Khalid is responsible for supervising efficient and effective operations of the Group’s human resources and administrative functions. He has participated in the ‘Qatari Labour and Employment Law’ programme and is currently pursuing a degree in human resources from Qatar University.

Georges WakimActing Group Legal Manager

Mr. Georges Antoine Wakim has been Acting Group Legal Manager since 2014. With over 10 years’ legal experience, he has held various positions in Lebanon and the UAE. In Lebanon, he was the legal advisor/lawyer for Nest Investments Holdings Ltd, and practised law at Abou Jaoude & Associates Law Firm. In the UAE, he held internships with companies including Simmons & Simmons, Al Hekma and Veco Engineering (subsidiary of CH2M Hill). He belongs to the Beirut Bar Association.


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HEADS OF GROUP COMPANIES

Ragheb JalabiGeneral Manager - General Real Estate

Company

Ragheb Jalabi manages one of the largest real estate companies in the market involving the continuous

development of major real estate projects throughout Qatar. Previously Mr. Jalabi, an architect engineer,

managed significant construction projects such as the General Tower, Twin Towers, Al Waab City, and

numerous high profile constructions in Dubai.

Sadallah ElSaid, General Manager World Trade Center - Qatar

Sadallah ElSaid is the General Manager of the World Trade Center - Qatar. Mr. ElSaid has held various management roles across a number of prominent businesses in the region. His extensive education includes credentials as an automobile industrial

engineer, an oil industry engineer and safety engineer.

Majed AkelGeneral Manager – General Takaful Company

Majed Akel has over 35 years’ experience in the insurance and reinsurance industry and has been part of QGIRCO for many years, holding a number of high profile executive positions prior to becoming General Manager of General Takaful Company in 2008.

Adib El-ChoufaniGeneral Manager - Orientals Enterprises

Adib El-Choufani has been the General Manager of Orientals Enterprises since 2008. During his career, Mr. El-Choufani has developed and managed construction divisions in various high-profile companies prior to joining Orientals Enterprises. He envisioned and completed many prestigious projects including the first version of the new Doha international airport, Barzan Tower, Al-Ahli Hospital, and Al- Rayyan and Al-Ittihad Stadiums.

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Main Contact Details

QATAR GENERAL INSURANCE & REINSURANCE COMPANY

Main Office

P. O. Box 4500, Doha, Email: [email protected]

Tel: +974 442 82222

Website: www.qgirco.com

Fax: +974 444 37302

GENERAL TAKAFUL COMPANY

Main Office

Tel: +974 443 39777

Fax: +974 446 62507

P. O. Box 23990, Doha, Qatar

Email: [email protected]

Website: www.g-takaful.net

GENERAL REAL ESTATE COMPANY

Tel: +974 442 84222

Fax: +974 442 82272

P.O. Box 4500, Doha, Qatar


WORLD TRADE CENTER - QATAR

Tel: +974 443 54141

Fax: +974 444 23048

P.O. Box 22357, Doha, Qatar


Website: www.wtcdoha.com

ORIENTALS ENTERPRISES

Head Office

Tel: +974 440 98222

Fax: +974 446 57053

P. O. Box 4729, Doha, Qatar


Website: orientals-enterprises.blogspot.qa


Documents

GROUP PROFILE - qgirco.com · Qatar General Holding Company manages investment portfolios and is a subsidiary of Qatar General Insurance & Reinsurance Company. General Takaful Company