Eversheds Sutherland with Beema on its listing on Qatar Exchange 

Eversheds Sutherland has provided legal advice to Damaan Islamic Insurance Company (“Beema”) on the direct listing of 100% of its shares on the Main Market of the Qatar Stock Exchange. Beema’s share have been admitted for trade as of 16 January 2023. 

Beema is the first company to be listed through direct listing on the Qatar Stock Exchange, making this is a major achievement for Qatari capital markets and the Qatar Stock Exchange in particular. The listing is made possible by the new Offering and Listing of Securities Rulebook brought into effect by the Qatar Financial Markets Authority in early 2021.  

Established in 2009, Beema, is focused on providing corporate and retail customers with Islamic insurance products (Takaful) in the motor, general accident, and medical insurance segments of the Qatari insurance market. The company also offers re-Takaful services within the Qatari insurance market and is one of the mainTakaful insurance providers in the Qatari domestic market based on gross contributions.  

Eversheds Sutherland acted as international legal counsel for Beema with local counsel support from Sharq Law Firm, and Maroon Capital Advisory acted as the Listing Advisor for Beema. 

The Eversheds Sutherland team was led by partner Samer Sarkis (pictured), with support from senior associates Benjamin Clark, Rhydian Wyn and Julie Menhem, associates Cristina Craciun, Karim Kobaissy and Mostafa Gharib, and trainee lawyers Gaith Aljundi and Marwah Rawashdeh

Eversheds Sutherland with Beema on its listing on Qatar Exchange

Launched in 2022 by LC Publishing Group S.p.A., it is the first digital portal addressed to the Middle East North Africa market.

In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

For further information, please visit the Group’s website

Legalcommunity MENA
LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram