PRESS RELEASE
Damaan Islamic Insurance Company “Beema” Q.P.S.C.
ANNOUNCEMENT OF DATE FOR THE FIRST DAY OF TRADING ON THE QATAR STOCK EXCHANGE. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR WITHIN THE QATAR FINANCIAL CENTRE, THE UNITED STATES OF AMERICA, THE UNITED KINGDOM, THE EUROPEAN UNION, THE STATE OF KUWAIT, THE SULTANATE OF OMAN, THE KINGDOM OF SAUDI ARABIA, THE UNITED ARAB EMIRATES (INCLUDING THE ABU DHABI GLOBAL MARKET AND THE DUBAI INTERNATIONAL FINANCIAL CENTRE), THE KINGDOM OF BAHRAIN, OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
Doha, Qatar, 29 December 2022 – Further to the publication of its Listing Prospectus on 22 December 2022, Damaan Islamic Insurance Company “Beema” Q.P.S.C. (“Beema” or the “Company”), one of the leading Islamic insurance providers in the State of Qatar, has received confirmation from the Qatar Stock Exchange for the first day of trading of its shares on the Main Market of the Qatar Stock Exchange.
Beema’s shares will trade on the Qatar Stock Exchange on Monday, 16 January 2023 at 9:30 AM. The Company will be listed with the ticker BEMA. The ISIN code will be QA000LB5T4U2.
Eligible investors for trading in the shares from the first day of trading include all Qatari nationals and non-Qatari nationals permitted to trade in the shares in accordance with the Qatar Stock Exchange Rulebook, the Qatar Financial Market Authority Listing Rules, the Qatar Central Bank regulations, the Company’s articles of association. Other than the Founders, a shareholder cannot own either directly or indirectly more than 5% of the total share capital of the Company.
For further information and respective details on the Company and its listing, together with the risk factors, please read the Qatar Financial Market Authority approved listing prospectus on https://beema.com.qa/.
Summary of Beema’s listing terms
Contact details: investorrelations@beema.com.qa
Important information
This press release has been prepared by Damaan Islamic Insurance Company “Beema” (Q.P.S.C.) (the “Company”) for informational purposes only. This press release, its contents and any information provided or discussed in connection with it are strictly private and confidential and may not be reproduced, redistributed, referenced, or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose, without the consent of the Company (provided that you may disclose this press release on a confidential basis to your legal, tax or investment advisers (if any) for the purposes of obtaining advice). Acceptance of delivery of any part of the press release by you constitutes unconditional acceptance of the terms and conditions of this notice.
This press release does not constitute an offer or invitation or solicitation of any offer to subscribe for or purchase any shares or other securities or recommendation to invest in any shares or other securities. This press release is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. It is provided for information purposes only. Any investment is subject to various risks, none of which are outlined herein. All such risks should be carefully considered by prospective investors before they make any investment decision.
Whilst the information in this document has been published in good faith, the Company does not provide any guarantees, repress releases, warranties or other assurances (express or implied) regarding the accuracy or completeness of this information. The Company, its affiliates and any of its or their respective directors, officers, partners, members, employees, agents or advisers assume no liability or responsibility and owe no duty of care for any consequences of any person acting in reliance on the information contained in this press release or for any decision based on it. The Company does not undertake to provide access to any additional information or to update this press release or to correct any inaccuracies which may become apparent.
Statements contained in this press release that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of the Company. Such statements involve known and unknown risks, uncertainties and other factors, and reliance should not be placed thereon. In addition, this press release contains “forward-looking statements.” Actual events or results or the actual performance of the Company may differ materially from those reflected or contemplated in such forward- looking statements.
This press release has not been submitted to or not been approved by the securities regulatory authority of Qatar or any other state or jurisdiction.
Press Release end.
