(MENAFN- The Peninsula) The Peninsula
DOHA: Jamal Abu Nahl (pictured), CEO of Qatar General Insurance and Reinsurance Company, said yesterday that the Qatar Financial Markets Authority's (QFMA) recent decision for splitting the nominal value of listed shareholding companies would deepen the liquidity of the stock exchange and allows small investors and shareholders to expand in the market.
He said, the decision will benefit all the stakeholders.
Speaking on the sidelines of the ongoing second Conference on 'Corporate Governance for Listed Companies' Jamal said the Qatar General Insurance and Reinsurance Company has been strictly adopting the best corporate governance standards and framework in its daily activities as pillar-stone of company's policy, well before the regulatory authorities made it mandatory for the listed companies.
The company is the Gold Sponsor of the event.
The company conducts its business strictly on the basis of high transparency, fair and lawful dealings and protection of the interest of its shareholders and stakeholders.
He pointed out that the second conference of corporate governance, which coincides with the World Investor Week organized by the International Organization The Capital Market Authority (IOSCO), sponsored by the Qatar Financial Markets Authority, is one of the most important events for listed companies in terms of its promotion Transparency of the results achieved by companies and will be in the framework of scientific and correct and organized with all credibility and transparency.
He said the Qatar General Insurance Company has maintained its growth rates despite the fierce competition in the insurance market globally and locally.
'We delivered solid results and we have a great focus on real estate and investment development. These investments will benefit the shareholders, he said.
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