Qatar General Insurance pays share in Algerian unit’s capital hike

Doha – Mubasher: Qatar General Insurance and Reinsurance Company said Wednesday that it paid its share in the capital increase of Trust Algeria Investment Company.

According to a bourse filing, the insurer’s stake amounts to 855 million Algerian dinar (QAR 29 million).

The Qatar-listed company said that the action aims at retaining its 20% stake in the capital of the Algerian company.

Mubasher Contribution Time: 16-Mar-2016 07:44 (GMT)