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QIC posts QR301.51mn Q1 profit

(Gulf Times - 26/04/2017)

Qatar Insurance Company (QIC), a leading risk cover provider in Qatar as well as the wider Middle East and North Africa, has posted a net profit of QR301.51mn, translating as earnings-per-share of QR1.09 in the first quarter (Q1) of this year. On the

Dar Takaful effects rights issue to raise its capital to AED 150 mill

(WAM - 25/04/2017)

The DFM-listed Dar Al Takaful will effect a right issue to raise its capital to AED 150 million by issuing 50 million shares effective Tuesday, 25th April through 8th May, Dubai Financial Market announced on Monday and was reported by UAE state news

Sanad Cooperative Insurance announces the Resignation of Board Member

(Tadawul - 24/04/2017)

Sanad Cooperative Insurance Co. announces that the Board Member Mr. Sulaiman Mahmoud Hilal (Executive) has submitted his resignation from his position to Board of Directors on 24-04-2017 with effect from 24-04-2017 the due to the reasons.

A.M. Best Assigns Credit Ratings to Al Ahleia Insurance Company

(CPI Financial - 20/04/2017)

A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" to Al Ahleia Insurance Company S.A.K.P. (AAIC) (Kuwait). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings

Meethaq extends support to Organisation of Waqf

(Oman Daily Observer - 20/04/2017)

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in step with its commitment to fulfil the needs of customers with innovative Sharia based products and services, extended support to the Organisation of Waqf launched by the Ministry of

BURUJ announced developments regarding right issues

(Tadawul - 17/04/2017)

Buruj Cooperative Insurance Company announces the developments of the use of the proceeds of the rights issue which has taken place from 07-04-2015G to 21-04-2015G as follows: 1- The effective use of the proceeds as of 16-04-2017G compared to what has

Khalifa Abdulla Turki al-Subaey conferred 'Top CEO' award

(Gulf Times - 16/04/2017)

Qatar Insurance Group President & CEO Khalifa Abdulla Turki al-Subaey has been chosen "first amongst insurance professionals in the GCC" and given the "2nd position" at the "Top CEO" award ceremony. The "Top CEO" award ceremony, which was organised by