OREANDA-NEWS. Qatar General Insurance and Reinsurance Company announces that it has paid its share in the capital increase of Trust Investment Holding Algeria Company for an amount of 855 million Algerian Dinars (equivalent to 29 million Qatari Riyals) in order for QGIRCO to keep its share in the capital of Trust Investment Holding Algeria Company at 20%.

Trust Investment Holding Algeria was established in 1998 under the name of "Trust Investment Algeria ", a shareholding company, and was later renamed to "Trust Holding Investment Algeria Company". The objectives of Trust Holding Investment Algeria is to supervise and manage the following subsidiaries:

· Trust Bank Algeria, a leading bank in Algeria
· Trust Real Estate, a real estate developer of residential and hospitality projects including the "Bab Ezzouar" project.
· Trust Industries, which is specialized in manufacturing bricks and tiles.