Company profile
Al Koot Insurance & Reinsurance Company
- Industry
- Insurance
- Employees
- 181
- Headquarters
- Rawdat Al Khail, Doha
- Founded
- 2003
- LinkedIn followers
- 46,666
- Office locations
- 1
Al Koot Insurance & Reinsurance Company company summary
Al Koot Insurance & Reinsurance Company is a company in the Insurance industry, headquartered in Rawdat Al Khail, Doha, founded in 2003. On LinkedIn the company has around 181 employees and 46,666 followers.
What technology does Al Koot Insurance & Reinsurance Company use?
No technologies detected yet. Warmrank rechecks company websites on a rolling basis.
About Al Koot Insurance & Reinsurance Company
Named after a historical fort, Al Koot, one of the oldest forts in the country which was built in the ottoman period in 1880 when Doha was little more than a village, the company is a symbol of protection for the energy industry. Al Koot was incorporated in 2003 under the Council of Ministers’ Resolution No. 27 issued in accordance with Article 68 of the companies law ( the “AK Decree) as a 100 percent owned captive insurance company of Qatar Petroleum. In 2008 QP decided to set up a Petroleum Services Company and has transferred its ownership of its services companies, namely Al Koot, Gulf Drilling International and Gulf Helicopters to the new Holding Company Gulf International Services (GIS). QP also offered 70% of (GIS) to the public through an IPO process, in line with the state privatization policy. Following the IPO process, Al Koot has become a Subsidiary of GIS, established as a Qatari Shareholding Company under the laws of Qatar. Following this reorganisation, Al Koot is no longer a direct subsidiary of QP. Under the terms of the IPO, QP agreed to continue to use the insurance and reinsurance services to Al Koot as if Al Koot were still the QP group’s captive Insurer.
Where is Al Koot Insurance & Reinsurance Company located?
Al Koot Insurance & Reinsurance Company lists 1 location.
Compare companies similar to Al Koot Insurance & Reinsurance Company
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| Company | Industry | Employees | Founded | Headquarters |
|---|---|---|---|---|
Al Koot Insurance & Reinsurance Company alkoot.com.qa | Insurance | 181 | 2003 | Rawdat Al Khail, Doha |
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Frequently asked questions about Al Koot Insurance & Reinsurance Company
What does Al Koot Insurance & Reinsurance Company do?
Named after a historical fort, Al Koot, one of the oldest forts in the country which was built in the ottoman period in 1880 when Doha was little more than a village, the company is a symbol of protection for the energy industry. Al Koot was incorporated in 2003 under the Council of Ministers’ Resolution No. 27 issued in accordance with Article 68 of the companies law ( the “AK Decree) as a 100 percent owned captive insurance company of Qatar Petroleum. In 2008 QP decided to set up a Petroleum Services Company and has transferred its ownership of its services companies, namely Al Koot, Gulf Drilling International and Gulf Helicopters to the new Holding Company Gulf International Services (GIS). QP also offered 70% of (GIS) to the public through an IPO process, in line with the state privatization policy. Following the IPO process, Al Koot has become a Subsidiary of GIS, established as a Qatari Shareholding Company under the laws of Qatar. Following this reorganisation, Al Koot is no longer a direct subsidiary of QP. Under the terms of the IPO, QP agreed to continue to use the insurance and reinsurance services to Al Koot as if Al Koot were still the QP group’s captive Insurer.
How many employees does Al Koot Insurance & Reinsurance Company have?
Al Koot Insurance & Reinsurance Company has around 181 employees on LinkedIn.
Where is Al Koot Insurance & Reinsurance Company headquartered?
Al Koot Insurance & Reinsurance Company is headquartered in Rawdat Al Khail, Doha.
When was Al Koot Insurance & Reinsurance Company founded?
Al Koot Insurance & Reinsurance Company was founded in 2003.
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