Qatar Insurance Company, (QIC), leading insurer of Qatar and the MENA region is the designated official insurer of the upcoming Qatar International Boat Show (QIBS). The world class boating event, which will be held in Lusail Marina – Lusail City, is scheduled to commence from 10th of November. During the signing ceremony, which was held at the QIC Headquarters in West Bay, Mr. Ali Saleh al Fadala, Senior Deputy Group President and CEO of QIC Group and Mr. Essa Al Mannai, Chairman of QIBS Board of Directors inked the agreement.

Speaking on this important collaboration Mr. Fadala stated, “We are delighted to partner with QIBS as the official insurer for the second consecutive year. Being a pioneer in insuring boats and yachts and as QIBS’s chosen insurance partner, QIC will extend its support by setting up QIC’s stand at the boat show and promote awareness about insurance of yachts and boats among the sailing community for secured sailing in Arabian Gulf waters (including Qatari waters).

Mr Essa Al Mannai, Chairman of QIBS stated: ‘The Qatar International Boat Show was conceptualized with the primary objective of creating the platform for the maritime industry of Qatar to grow and innovate. Safety is the most important element of a show and its exhibits, with all the related packages offered by QIC when it comes to owning a yacht’

The Lusail Marina, in Lusail City was selected to give guests beautiful views of the Arabian Gulf while guests explore its luxury offerings and have their inquiries fielded by some of the industry’s experts. QIBS also boasts a family-friendly environment with a children’s playground and a dedicated F&B area. The boat show will be open weekdays from 2:30 -9:30PM and on the weekends 12:30 to 9:30PM

For additional information visit the show’s website www.qibs2015.com

About Qatar Insurance Company:

Qatar Insurance Company (QIC) is a publicly listed composite insurer with a consistent performance history of 50 years and an underwriting footprint across the Middle East, Africa and Asia. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader in Qatar and a dominant insurer in the GCC and MENA regions. QIC is one of the highest rated insurers in the Gulf region with a rating of A/Stable from Standard & Poor’s and A(Excellent) from A.M. Best. In terms of profitability and market capitalization, QIC is also the largest insurance company in the MENA region. It is listed on the Qatar Exchange and has a market capitalization of USD 4 billion.

For further information on QIC, please visit: www.qatarinsurance.com.

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