Mubasher: Qatar General Insurance and Reinsurance Company (QGIRC) said that the Algerian Central Bank approved the company’s 20% shareholding in the capital of Trust Bank Algeria.

QGIRC has a slew of investment projects in Algeria than Trust Bank. The company takes control of 23% stake of Trust for Insurance and Reinsurance Company, in addition to owning a 20% stake of Trust Investment Holding Algeria.  

By the end of the Qatar Stock Exchange (QSE) Thursday’s trades, QGIRC’s stock declined 1.68% to QAR 46.50 with a turnover of QAR 74.6,00 exchanged through 1.700 transactions.