Dear Shareholders,

The Board of Directors would like to welcome you and present their 30th annual report for the year ended December 31, 2009.

Qatar General Insurance & Reinsurance Company still maintaining its leading position in the Qatari insurance market as it is continuing to benefit from the economic boom that the State of Qatar under the leadership of His Highness Sheikh Hamad Bin Khalifa Al Thani.

The Company has achieved good technical results in spite of the tough competition and the company was able to maintain all the accounts in its strategic portfolio as well as its clients and personal portfolios. Inspite of the decline in gross written premiums (GWP), the Company was able to maintain the ratio of technical profits in relation to gross written premiums.

The Company’s investments portfolio is diversified between equities in banking, industries, services sectors, and debt instruments issued by companies with solid financial positions and credit rating, as well as investment properties in strategic locations in addition to cash and bank deposits.

Qatar General Insurance & Reinsurance Company’s still focusing on its insurance operations as well as its strategic investments inside Qatar as a devotion of supporting the national economy. Nevertheless, the Company is expanding its core business and investments in the Arab Region and North Africa.

Nasser Bin Ali Bin Saud Al Thani