Tribune News Network
Doha
Chedid & Associates Qatar (CAQ), a company of Chedid Capital and a leading broker and service provider authorised by the Qatar Financial Centre Regulatory Authority (QFCRA) since its establishment in 2009, is pleased to announce its relocation to new offices in Lusail City.
The move to the new offices in Lusail City underscores CAQ’s commitment to achieving the economic pillars of Qatar National Vision 2030 and its continued support of the country’s economy and development. The new location will provide the company with more space to accommodate its growing business needs and expand its services to better serve its clients.
Over the past decade, Chedid & Associates Qatar has demonstrated excellent performance and solid financial position which has allowed the company to reduce its capital from USD 3.8M to USD 1M by lowering the share nominal value from USD 320 to USD 1. This decision which will take effect 15 days after this announcement, was made to better align CAQ’s capital structure with its current business needs, ensuring that the company remains financially strong and agile with a capital that exceeds twice the minimum paid-up share capital required by the QFCRA.
Commenting on the relocation, and the capital reduction, Chedid & Associates General Manager Alaa El Ladkani said, "We are excited to relocate to our new offices, a strategic location that will allow us to better serve our clients and support the continued development of the Qatar National Vision 2030. Our excellent performance over the past decade has allowed us to safely reduce our capital. Through our commitment to talent acquisition and education, as well as our extensive network of offices across the globe, we are well positioned to help our client succeed in their projects and businesses in the region and beyond.”
With a wide network of group operations, Chedid & Associates Qatar via the Chedid Insurance Brokers network and the Group’s other entities, is capable to support and directly service its valued customers in their project executions and business growth in the Gulf, Middle East, Africa, Europe, and other parts of the world.