Court of Appeal Judgement / Qatar General Insurance and Reinsurance Company (Q.P.S.C.)03 February 2020
Qatar General Insurance and Reinsurance Company (Q.P.S.C.) discloses the judgement of the Court of Appeal (civil and commercial appeal) in upholding the judgement of the First Instance Plenary Court (Ninth Circuit – Commercial and Plenary) in the State Qatar, which annulled a decision taken at the Company’s General Assembly meeting on 12/03/2018, related to granting a percentage of 0.2% of the 20% shareholding of the shares owned by Qatar General Insurance and Reinsurance Co. in the capital of Trust Investment Holding Algeria, to Ms. Fatiha Khellal – CEO of the latter, and this is following of a commercial civil action filed by one of the Company’s shareholders against the Company. The Company is currently filing its cassation.