AL KOOT INSURANCE & REINSURANCE CO.

About AL KOOT INSURANCE & REINSURANCE CO.

Named after a historical fort, Al Koot - one of the oldest forts in the country 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 initially incorporated in 2003 by a Ministerial decree as a 100 percent owned captive insurance company for Qatar Energy (“QE”). In 2007, Al Koot expanded its role by forming a Medical department that provides Medical insurance and Group life. In 2008, QE transferred the ownership of Al-Koot to Gulf International Services (GIS), a public shareholding company. Al Koot has changed its operations, from a captive insurer to QE group to a fully commercial insurance and re-insurance company in 2016. Al Koot’s relationship with QE has remained strong following such conversion. The ultimate shareholding of Al Koot by GIS and QE has not changed as a result of changing Al Koot operations from captive to commercial. Al Koot is expanding its operation to encompass a more diverse portfolio of operations in Qatar and the GCC region at large. Al Koot uses best practices in operations, business processes and marketing and continues to seek the best benchmarks for management, operating practices, training, branding and customer value.

Vision

To be the premier insurance and reinsurance provider by leveraging our capabilities and strategic assets to serve our customers’ needs and expectations through world-class and innovative solutions.

Mission

To provide world-class and innovative insurance and reinsurance solutions to our customers and create value for our stakeholders through a focus on commercial success.