QLM Life & Medical Insurance Company

Company Symbol: QLMI | Listing Date: 13 Jan 2021

The Company's principal activity is the underwriting of life and medical insurance in the State of Qatar, and reinsurance of life and medical insurance originating outside of the State of Qatar.

QLM Life & Medical Insurance Company WLL was incorporated as a limited liability company on 30 April 2018. Following its incorporation in 2018, QLM became the business successor of Q Life when it acquired substantially all of the insurance business portfolio of Q Life with effect from 1st January 2019, which had been operational since June 2011.

QLM has continued to engage in the same activities as Q Life (group life, group credit life and group medical) and has also expanded into retail life insurance products and will continue to expand into additional new product lines, including individual medical insurance, and investment-linked life insurance. QLM and its business predecessor Q Life have continuously been profitable since Q Life's incorporation in 2011.

Sector

Insurance

Founded

2018

Address

Qatar Insurance Company (QIC) Building- Tamin Street, West Bay

Phone

30253024

Website

www.qlm.com.qa

P.O. Box

666

Chief Executive Officer

Mr. Fahad Mohd. Al Suwaidi

Auditors

EY

 

Major Shareholders

Shareholder Name
Qatar Insurance Company
Broog Trading Company
Al-Mirqab capital
Name of Anchor Investor (Post Listing)
General Retirement and Social Insurance Authority (GRSIA)
Doha Insurance Group QPSC
Qatar Ports Management Company (Mwani)
 

Executives

  • Mr. Fahad Mohd. Al Suwaidi
    Chief Executive Officer
  • Mr. Gajula Narayan Rao
    Chief Operating Officer, Life
  • Mr. Turki Al Subaie
    Senior Finance and Admin Manager
 

Board of Directors

  • Sheikh Saoud bin Khalid bin Hamad Al Thani
    Chairman-Non-Independent - QIC representative
  • Mr. Salem Khalaf Al-Mannai
    Managing-Director- Non-Independent - QIC representative
  • Ms. Fatima Hassan Y M Kafood
    Director-Non-Independent/ Non-Executive - GRSIA representative
  • Mr. Ahmed Mohammed A R Al-Mannai
    Director-Non-Independent/ Non-Executive - Al Mirqab Capital representative
  • Mr. Jassim Mohammed A J Al-Kaabi
    Director-Non-Independent/ Non-Executive - Broog Trading Company representative
  • Mr. Hamad Nasser Al Khalifa
    Director-Independent/ Non-Executive
  • Mr. Hussain Akbar A S Al-Baker
    Director-Independent/ Non-Executive
  • Mr. Eisa Mohammed E Z Al-Mohannadi
    Director-Independent/ Non-Executive
 
 

Ownership Limits

Subscribed Capital (QAR)

350,000,000

Maximum Ownership % per Shareholder

Free Float (%)

60%

Foreign Ownership Limit (%)

49%

 

Investor Relation at

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