Takaful News - Qatar - Bahrain: Insurers buy stakes in Qatar-Bahrain JV
Source: Middle East Insurance Review | Mar 2009
Qatar Islamic Insurance Co (QIIC) has purchased 500,000 shares of Al-Jisr Takaful Co, a joint venture between Qatari and Bahraini investors, at QAR5.05 million (US$1.37 million). Al Khaleej Insurance and Reinsurance and Al Koot Insurance and Reinsurance have each acquired a 2% stake in the JV for QAR5.05 million.
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