Qatar Insurance Company (QIC), which is strengthening its operations both within the country and overseas, has received approval from the Ministry of Business and Trade to garner as much as QR963mn through a rights issue.
The company, which is the dominant player in the domestic sector, is offering 21.41mn shares at QR45 a share (including a premium of QR35 a piece).
The rights issue will be on tap for a fortnight from March 4, 2013.
The eligibility date for current shareholders registered at the Qatar Exchange will be according to the closing day of February 14, 2013.
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