Estithmar Holding group, a Qatari public shareholding company, announced that its two subsidiaries have established two branches in Iraq.
In a statement published on Qatar Stock Exchange website today, Estithmar Holding said that its subsidiary "Elegancia Healthcare W.L.L." established a branch in Iraq in line with the memorandum of understanding that was signed recently that aim to manage and operate several hospitals in Iraq that will start soon in Iraq.
It added that that its subsidiary "Elegancia Marine W.L.L." also established a branch in Iraq.
This implements Estithmar Holding's strategy to signify its commitment to the global expansion to increase shareholder value, within the framework of the close strategic relations between the two countries.
Estithmar Holding had revealed to Qatar News Agency that it signed agreements with the Iraqi investment authority worth $7 billion that includes real-estate and tourism development, in addition to the operation and management of hospitals.
Source: Qatar News Agency