Riyadh, (Business News Report) – Qatar Insurance Company (QIC) has been ranked the Top Investment House in the Middle East and North Africa for the fourth year in a row.
The classification came according to the Asset Magazine, which studies and evaluates the most important investment companies in the field of bonds issued by Asian entities in the three major currencies (the US dollar, the euro, and the Japanese yen).
Asset made the classification according to the vote and selection of the most important investors in the field.
Qatar Insurance Company CEO Salem Khalaf al-Mannai stated, “We are honoured to be ranked as the Top Investment House from the MENA region for the fourth consecutive year.”
“The prestigious ranking serves as a testament to the resounding success of our business strategy built along a customer-centric and technologically progressive approach, ably backed by the investments team,” he added.
“Investments are a cornerstone for the success of our business. Not only does this showcase the goodwill and reputation that QIC has built over the years of its operation, but also brings to the fore our passion and commitment in maintaining our status as a market leader in the insurance and investment management space,” al- Mannai added.
More than 430 different institutions including asset managers, hedge funds, private banks, banks, insurance companies and sovereign wealth funds were evaluated and shortlisted during the survey.
The ranking methodology used for the survey was based on the number of votes received from top-rated analysts, economists and strategists, sales teams and traders in these institutions.
In a related context, Qatar Insurance Company was among the five most powerful brands in the list of the global agency Brand Finance – which specializes in evaluating brands – in the Qatari market for the year 2021.
The agency sets strict criteria in evaluating brands represented in: asset strength, global reputation, market share and profitability with volume of operations, and geographical spread.
These factors affect the strength of any financial institution and the perception of its clients and investors in the markets in which it operates.
The evaluation mechanism is to obtain the brand’s financial and revenue data, then performance levels are evaluated according to three forecast periods: financial results, a five-year forecast period, and future growth based on a combination of growth forecasts.
