Gulf International Services announced that Al Koot Insurance and Reinsurance Company, a subsidiary of GIS, has signed a health insurance contract to provide health care services to Qatar Airways staff and their families for a two-year period, starting June 1, 2019. With this contract, Al Koot is now managing around 140,000 insured members in the State of Qatar.As per contract, Al Koot will provide healthcare services to Qatar Airways employees and their families through its wide network, which is considered as one of the largest networks of medical service providers in Qatar.On this occasion, Mr. Ahmed Rafea Al-Emadi, Al Koot’s CEO, expressed his pride in earning the confidence of Qatar Airways and said: “As a key client, we are keen to serve Qatar Airways and promote the relationship of trust. We are confident of our ability to serve their employees’ needs with high quality services. At the same time, this contract denotes Al Koot's success in rebuilding in-house capabilities.
" "Al Koot has reinforced its experienced teams with innovative technological solutions resulting into acquiring one of the largest networks amongst insurance companies in the region, reflecting the strong financial capabilities and technical experience the company has built over more than 15 years of operation,” he added.The contract comes in line with GIS' strategy to capture new business opportunities that would potentially help increase revenues and ultimately maximize shareholder value, as it largely increased the insured members of Al koot in the medical line of business, expanding the company’s presence in the local market.