Extraordinary general assembly approves Beema listing on Qatar Stock Exchange
December 07 2021 10:47 PM
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Daman Islamic Insurance Company’s (Beema) extraordinary general assembly Sheikh Jassim bin Hamad bin Jassim bin Jabor al-Thani via video conferencing at the company’s headquarters in Lusail
 
 
Daman Islamic Insurance Company’s (Beema) extraordinary general assembly meeting approved on Tuesday the listing of the company shares on the Qatar Stock Exchange (QSE).
The extraordinary general assembly meeting was held under the chairmanship of Sheikh Jassim bin Hamad bin Jassim bin Jabor al-Thani via video conferencing at the company’s headquarters in Lusail.
Welcoming the attendees, Sheikh Jassim said the meeting was in response to the directives of the Qatar Central Bank to transform Beema into a public company.
He said: “Beema sought, since its establishment in 2009, to comply fully with legislation and laws, as well as regulations and instructions regulating insurance business and their updates to ensure the implementation of the efforts of the board of directors of the company and to advance it.
“This will be in line with the requirements of the regulatory authorities and the Qatar Central Bank Law. We hold our extraordinary general assembly according to the recommendation of the company’s board of directors for the initial approval of transforming the company into a public joint stock company.”
Sheikh Jassim and the board of directors expressed their highest gratitude and appreciation to His Highness the Amir and HE the Prime Minister for their support and encouragement to the company.
He also extended his thanks to the employees of the Ministry of Commerce and Industry and Qatar Central Bank for their earnest co-operation, and to the Shariah Supervisory Board of the company and shareholders for their trust and continuous support.
Beema CEO Nasser Rashid al-Misnad expressed his happiness at the holding of the company’s extraordinary meeting to adopt the recommendation of the company’s board of directors regarding the initial approval of converting the company into a public company and listing its shares on the Qatar Stock Exchange. This comes as part of the company's efforts to comply with the requirements of the regulatory authorities and the Qatar Central Bank law regarding the form of insurance companies.
He said, “Beema achieved during the period January to October 2021 excellent results that reflect its strength, solidity, financial position, as well as its position in the Takaful insurance market.”
 
 



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