QLM Profile

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
P.O. Box
666
Chief Executive Officer
Mr. Fahad Mohd. Al Suwaidi
Auditors
EY
Major Shareholders
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
5%
Free Float (%)
Foreign Ownership Limit (%)
49%
Investor Relation at
QLM
Investor Relations Email Contact