If you look closely, you might notice something twinkling, and we’re here to tell you that it’s not a star, but the new listing of Daman Islamic Insurance Company (Beema) (we just have to follow up and let you know when).

As a 25% owned affiliate of the Gulf insurer Qatar Insurance Company (QIC) (which translates to a whopping 2 million riyals, or $549.3k), Beema will soon find itself converted from serving as an Islamic insurance unit to a public shareholding company.

Why this decision, you may ask? Well, while just modestly laying out the insurer’s 491% net profit jump for the first nine months of 2021, business portfolio diversifications, and digitizing operations, the company looks more than ready to venture into listed lands.