Chedid & Partners Qatar LLC, a subsidiary of Chedid Capital Holding Group, and one of the most important insurance brokerage firms licensed by the Qatar Financial Center Regulatory Authority since its inception in 2009, has announced its move to new offices in Lusail City.
The move to the new offices in Lusail City confirms the company’s commitment to contributing to achieving the economic pillars of Qatar National Vision 2030 and its continuous support for the country’s economy and development. The new headquarters will provide the company with more space to accommodate its growing business needs and expand its services to better serve its customers.
Over the past decade, Chedid & Partners Qatar has shown excellent performance and a solid financial position, which has allowed the company to reduce its share capital from $3.8 million to $1 million by decreasing the nominal value of the share from $320 to $1.
This decision, which will become effective 15 days after this announcement, has been taken to better align its capital structure with its current business needs, and to ensure that the company remains financially strong and resilient with capital exceeding twice the minimum paid-up capital required by the QRCRA. for money.
Mr. Alaa Lathqani, General Manager of Shadid & Partners Qatar, said: “Our strategic choice of Lusail to host our new headquarters will allow us to better serve our customers and support the continuous development of the Qatar National Vision 2030.
“Our excellent performance over the past decade has allowed us to reduce our capital properly,” he added. Through our commitment to talent acquisition and education, as well as our extensive network of offices around the world,
We are in an excellent position to help our clients succeed in their projects and businesses in the region and beyond,” he said.
Through Chedid’s network of insurance brokers and other companies affiliated with the group, Chedid & Partners Qatar can directly support and serve its clients in the implementation of their projects and business growth in the Gulf, the Middle East, Africa, Europe and other parts of the world.
