Doha, Qatar – Estithmar Holding group, a Qatari public shareholding company, has said two of its subsidiaries have established two branches in Iraq.
In a statement published on Qatar Stock Exchange, Estithmar Holding said that its subsidiary, Elegancia Healthcare, established a branch in Iraq in line with the memorandum of understanding that was signed recently to manage and operate several soon-to-be-opened hospitals in Iraq.
It added that that its other subsidiary, Elegancia Marine, 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 told 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.