Damaan Islamic Insurance Company (Beema) (Q.P.S.C.) (Qatar)

The Company is primarily engaged in the business of underwriting Marine, Aviation, Motor, Fire, General Accident, Takaful and Medical in accordance with the provisions of Islamic Shari'a. The Company also invests its capital, and
other available resources in all related activities on non-interest (Riba free) basis.
The Company s Vision is to become the leading innovative Islamic insurance company committed to the highest standards of Sharia principles.
The Company s Mission In addition to being a responsible Qatari corporation that regularly contributes to social causes, it aims to provide the most contemporary and innovative Sharia-compliant insurance solutions.
The Company was incorporated in the State of Qatar on October 18, 2009, as a closed Qatari Private Shareholder Company under Qatar Commercial Companies” Law No. 5 of 2002 with Registration No: 43652. The Head Office of the Company is located in Lusail, in the State of Qatar.
By virtue of an extraordinary general assembly resolution dated 30 November 2022, the Founders, being the shareholders of the Company prior to its conversion, resolved to convert the Company from a private shareholding company to a public shareholding company and subsequently list on the Qatar Stock Exchange. It was further resolved that the conversion to a public shareholding company (Q.P.S.C.) shall be carried out by offering 25 of the shares held by shareholders of the Company prior to its conversion to the public through an Initial Public Offering (“IPO”).
Post, the successful completion of the IPO, the conversion from a Qatari private shareholding company (Q.P.S.C.) to a Qatari public shareholding company (Q.P.S.C.) was formally announced in the Constitutive General Assembly
(“CGA”) meeting held on 11 December 2022. The shares of the Company were listed for trading at the Qatar Stock Exchange on 16 January 2023. Also, it was resolved to change nominal value of share from QR 10 to QR 1 per share. Consequently, the interest held by Qatar Islamic Bank Q.S.P.C., Qatar Insurance Company Q.S.P.C., Masraf Al Rayan Q.S.P.C., Barwa Real Estate Company Q.S.P.C. and Q-Invest LLC, in the Company, has been reduced by 25 of its issued and paid-up share capital.