Qatar Insurance Group donates QR1mn for people affected by Cyclone Shaheen

In solidarity with national relief efforts, Oman Qatar Insurance Company (OQIC), a subsidiary of Qatar Insurance Group (QIC), donated 100,000 OMR – worth around QR 1 million – to those affected. by Cyclone Shaheen.

“As a global company, QIC Group is always focused on giving back to the communities in which it operates. We wish to express our sincere condolences to the families of those affected by this storm and pray that the Almighty will grant them peace and strength to overcome their losses. We hope that our contribution will help support and rebuild the areas hit by Cyclone Shaheen, ”said Salem al-Mannai, CEO of QIC Group. “It is a duty to help those affected to rebuild their lives.
The QIC group’s initiative is undoubtedly important, as Tropical Cyclone Shaheen made landfall in Oman in early October, damaging infrastructure and causing flash floods with 14 deaths recorded so far, a press release noted.
“In keeping with QIC Group’s leading role in corporate social responsibility and as an integral part of the community, OQIC stands in solidarity with the people of the Sultanate of Oman during this period. In view of the intensity and the damage caused, the mobilization of all possible supports and contributions becomes necessary ”, declared Hasan al-Lawati, CEO of the OQIC.
The OQIC regularly participates in national and community initiatives and believes in strong governance, transparency and community engagement. The QIC group subsidiary has been operational in Oman for over 15 years in the areas of business, life, medical and general insurance.
Qatar Insurance Group is the flagship insurer in Qatar and the MENA region with global expansion and proven success for over 50 years.
“Founded in 1964, QIC was the first national insurance company in Qatar. Today, QIC is the market leader in Qatar and a dominant insurer in the GCC and MENA regions. QIC is one top rated insurers in the Gulf region with a rating of A / Stable from Standard & Poor’s and A (Excellent) from AM Best. In terms of profitability and market capitalization, QIC is also the largest insurance company from the Mena region. It is listed on the Qatar Stock Exchange and has a market capitalization of over $ 4 billion, “the statement added.