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Oman Qatar Insurance Company Saog (Oman)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Oman Qatar Insurance Company Saog Profile Updated: June 20, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Oman Qatar Insurance Company SAOG (OQIC) is a subsidiary of Qatar Insurance Company Q.S.P.C. It was established in 2004 as a closely held joint stock company registered and incorporated in the Sultanate of Oman. OQIC is engaged in the business of life and general insurance within Oman. The company completed the IPO process and its shares have been trading on the Muscat Securities Market since September 13, 2017. OQIC has been operational in Oman for over 10 years and currently employs 54 staff members, with 65% of them being Omanis.

Headquarters
4Th Floor, Al Nawras Commercial Center Building Near Hsbc, P.O.Box 3660, Al Khuwair
Ruwi; Musqat; Postal Code: 112

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Website: http://www.oqic.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2004
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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58.93%
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35.108%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency OMR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
88.4%
Operating profit (EBIT)
-55.07%
Net Profit (Loss) for the Period
-7.91%
Total assets
-26.23%
Investments
6450.8%
Receivables
-99.25%
Total equity
2.99%
Net Premiums Earned Trend
-72.82%
Net Profit Trend
28.73%
Return on Equity (ROE)
-0.35%
Loss Ratio
-13.46%
Underwriting Expenses Ratio
-38.4%

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