QIC is the main sponsor for Qatar Masters Open Chess Tournament
Qatar Insurance Company (QIC) partnered with Qatar Chess Association (QCA) to be the main sponsor for the Qatar Masters Open Chess Tournament, which started from 25th November and will continue till 5th December. With booming businesses and an upsurging economy, companies in Qatar are paving the way to put themselves on the map for their drive towards Corporate Social Responsibility (CSR).
QIC being a responsible corporate citizen is no different from the rest. Being the largest flagship domestic insurer across Qatar and the MENA region, QIC provides full support to all sports activities and initiatives as a part of its commitment towards the community.
Speaking on this partnership, Mr. Ali Saleh Al Fadala, Senior Deputy Group President and CEO of QIC Group stated, “We acknowledge and whole-heartedly support the need to develop and sustain a social platform for supporting the four pillars of Qatar National Vision (QNV) 2030. In fact, our core values underpin the importance of aligning our strategies to accomplish 2030 Vision. Moving beyond being the main sponsor of the tournament, we believe in developing beneficial partnerships to develop impactful CSR initiatives to exchange best practice and share winning strategies. We resolve to strive harder to be a leading corporate citizen and have measurable impact on the society and our future generation.”
Mr. Khalifa Al-Hitmi, President of the QCA commented, “Qatar Masters Open Chess Tournament is well poised to become the strongest open tournament in the Middle East with a prize fund of USD 110,000. We have allocated prize money of USD 25,000 for the first prize. We are grateful to QIC for being the main sponsor for this exciting tournament and for using innovative initiatives and approaches such as this to inspire our youth to take a proactive role in shaping the development of our Nation.”