Doha – Mubasher: Qatar General Insurance and Reinsurance Company agreed on Thursday to raise its stake in the Qatari Unified Bureau Insurance (QUBI) from 20% to 25% or QAR 6.75 million ($1.86 million).
Established in 1999, QUBI is a limited liability company which provides an insurance on vehicles entering the country and to sell insurance cards for vehicles traveling outside the country, according to a bourse filing.
The stock fell 0.20% to QAR 48.85 ($13.42) on Wednesday.
