Chedid and Associates Qatar awarded QFC license

Notes and media contacts

About Chedid Capital Holding SAL:

Chedid Capital Holding, S.A.L "Chedid Capital" and its strategic shareholders, specializes in investing in the insurance and reinsurance business. Chedid Capital companies are spread in Cyprus, Greece, Lebanon, Dubai and (Saudi and Qatar under application). Chedid Capital strategy is to invest in a complete "Insurance production cycle." The companies under Chedid Capital include experts in both direct insurance as well as reinsurance business lines. Chedid Capital strength is derived from the highly skilled and experienced team of professionals that operate the member companies, the highly reputed service levels delivered to clients and the strong worldwide relationships in the corporate world that surely includes both the insurance and reinsurance companies.

Chedid Capital success goes back to 1998 in Cyprus, where Chedid & Associates was founded to grow in a span of 10 years to be a leading player in the insurance industry in the areas of its operations providing comprehensive insurance and reinsurance solutions to over 150 insurance companies throughout the Middle East, Africa, Europe and Asia. Chedid Capital team brings in to the market a wealth of experience from a number of regional and multinational insurance and reinsurance companies around the world.

Chedid Capital's markets continue to grow as the member companies expand their services to provide total end-to-end solutions to the industry. The member companies include Chedid & Associates, branded as Chedid Re and Chedid Corporate Solutions. The services provided include, insurance and reinsurance intermediation, technical advise, risk analysis and management, product solutions and development, business process review and reengineering, department reengineering, financial analysis, actuarial services to both Life and Non-life companies, claims control tools and analysis, software solutions and support.

Chedid Capital is assisted by strong corporate relationships that were built over the years in the Middle East, Euorpe and other parts of the world. Such relationships include underwriting authority agreements with the likes of Lloyd's of London, Paris Re, Allianz and distribution agreements with multinational companies, in addition to cooperation agreements with software vendors, and financial institutions. Chedid Capital team members are regular contributors to organizations in the public media domain such as CNBC Arabia, Middle East Insurance Review, Policy Magazine, Al Bayan and others.

Based on its strategic objectives of regional expansion in the Gulf region, the company success record, and the promising potential of the Qatari insurance market, Chedid & Associates has now established a limited liability insurance and reinsurance brokerage company (Chedid & Associates Qatar LLC) in the Qatar Financial Center.

For Further information please contact:

Krikor Khatchikian
PR Senior Account Manager
Cohn&Wolfe
Tel: +974 428 3177