Further details on Al-Koot and government discussions

Further details on Al-Koot and government discussions


DOHA, QATAR – Gulf International Services (“GIS” or “the group”; QE: GISS), the largest service group in Qatar, with interests in a broad cross-section of industries, ranging from insurance, re-insurance, fund management, onshore and offshore drilling, accommodation barge, helicopter transportation, and catering services, issued a brief statement to the Qatar Exchange providing further details on the wide-ranging discussions the company's wholly owned subsidiary, Al Koot Insurance and Reinsurance, has been involved in with the Government of the State of Qatar.

The company confirmed that discussions were still in progress and that a firm decision regarding the nature of the involvement of the group's insurance subsidiary had not been made to date.

Further details will be provided to the Qatar Exchange in due course.