QIC to set up department for corporate social responsibility programmes

December 24, 2013 - 9:18:08 am

The chief executive officer of QIC Khalifa Al Sub’ie

DOHA: Qatar Insurance Company (QIC) is planning to set up a special department for corporate social responsibility programmes in the near future in its efforts to give special attention to its community-based endeavours.

QIC has introduced a series of initiatives and development programmes to serve the community with an extensive attention to the sectors of health, education, youth training and sports.

In an interview in The White Book, Best CSR Practises in Qatar, 2013, an annual book published by Dar Al Sharq, Khalifa Al Sub’ie, the chief executive officer of QIC said: “This will eventually lead to the support of our efforts to achieve our goals with social dimensions and enhance our position as one of the largest businesses committed to the local community development.”

“QIC considers social responsibility as a form of good citizenship, belonging to the community, and melting with it. We also believe that social responsibility programmes provide real opportunity to build strong relationships between private sector companies and the local community,” said Al Sub’ie.

QIC was the first national company that allocated a permanent 2.5 percent of its annual net profits to participate in community activities. 

“By the end of last year, we have allocated QR10.3m from the net profit generated by the company’s activity in Qatar to the fund allocated for this purpose,” he said.

The company’s main focus area is the health field. It has built an integrated modern physiotherapy centre and provided ambulances to Hamad Hospital. It has also contributed to the blood donation campaigns.

Al Sub’ie also explained various activities in the cultural field. He said that QIC is focusing on sponsoring cultural events such as seminars, conferences and meetings as well as contributing to the development of private educational institutions and providing computers to some schools. 

With regard to sports, QIC is considered one of the most prominent sponsors of sporting events in the country, including the $1m award to the Ethiopian hero, Hale Jabr Silas, winner of the Qatar marathon in 2002. 

The company also provided financial support to various sports clubs and federations.

“In the area of social activity, the company has actively continued its support to social and cultural activities emanating from the Qatar Foundation for Science and Community Development, and specialised research centres, contributing to the activities of education, traffic, and fire fighting, and also contributing to the beautification of cities,” he said.

On special focus on youth, Al Sub’ie said: “The category of students and graduates is one of the most important societal segments given special attention by the company. In this area, the company is working on sending many Qatari nationals abroad for obtaining advanced courses as well as completing their higher studies.” The Peninsula

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