Doha Bank Q P S C : Announces Name Change of its 100% owned subsidiary “ Assurance Company LLC” to New Corporate Name “Sharq Insurance LLC”

Doha Bank Announces Name Change of its 100% owned subsidiary 'Doha Bank Assurance Company LLC' to New Corporate Name 'Sharq Insurance LLC'

His Excellency Sheikh Abdul Rahman Bin Mohammad Bin Jabor Al Thani, Chairman of the Board of Directors of Doha Bank Assurance Company Ltd., a fully owned subsidiary of Doha Bank ,is pleased to share this exciting news that DBAC will be operating under a new name' 'Sharq Insurance LLC' effective from August 31st, 2020 after securing all the required approvals. This rebranding will be reflected across all its products & services after the said date along with new logo & visual identity to celebrate the company's evolution. New Logo can be viewed on the newly launched website www.sharqinsurance.com.qa.

The office headquarters for Sharq Insurance LLC remains in the 4th floor of Doha bank headquarters Tower located at Westbay & the Claims Office located on the 2nd floor of Doha Bank in Gharafa close to Landmark.

H.E Sheikh Abdul Rahman Bin Mohammad Bin Jabor Al Thani; The Board Chairman of DBAC now becoming Sharq Insurance LLC said that 'The company will continue to provide the same outstanding business insurance solutions nationwide so to help support individuals, small, medium & larger businesses, institutions, & the wider Qatari society as the name change is an important milestone in the company's current rebranding efforts.' H.E added, ' As Sharq Insurance LLC continues to grow & expand, this new name will more accurately reflect the expanding & product offerings, while maintaining current image of providing top-quality insurance products & accompanying services. Our commitment to our customers remains our top priority aiming to provide excellence in customer experience. We will be there to help protect businesses with dedicated care. The rebranding has been designed to align our insurance products under one recognizable brand. H.E affirmed that throughout its transition, Sharq Insurance LLC will keep its focus on strengthening its carrier network & identifying innovative ways to deliver coverage solutions with increased efficiency & accessibility to help better serve valued customers'.

H.E Sheikh Abdul Rahman Bin Mohammad Bin Jabor Al Thani , added that this is very exciting, & will be very busy time for Sharq Insurance LLC as we align our company & products under this new brand to present a cohesive image as we grow. It will be particularly important now, & in the future. The name change reflects the company's broader commitment & its expertise in driving the innovations needed to shape the future of insurance services through immediate response to market needs & developing factors/emerging risks'.

The rebranding to Sharq Insurance LLC, comes at a pivotal time & forms an important component toward building consumer trust, brand loyalty & professional reputation as we expand further into marketplace'.

About Sharq Insurance LLC

Sharq Insurance L.L.C, is a proud General Insurance Company, fully owned by Doha Bank QSC. It is based in Qatar & authorised by the Qatar Financial Centre Regulatory Authority (QFCRA) to transact all classes of General Insurance business. It is an ISO 9001:2015 certified Company with a BBB Rating by Standard & Poor's. Sharq Insurance L.L.C facilitates proactive management of general insurance risk protection to both commercial & personal lines clients with comprehensive insurance solutions providing seamless & hassle-free claims services. It offers strong carrier partnerships with access to regional & international insurers & reinsurers helping customers manage each phase of the insurance life-cycle swiftly & promptly.

For more information, please visit www.sharqinsurance.com.qa.