Tadawul announces the delisting of Weqaya Takaful shares,
(Tadawyk - 31/05/2017)
Based on the CMA announcement dated 29/05/2017G about the delisting of Weqaya Takaful Insurance and Reinsurance Co. shares, the Saudi Stock Exchange (Tadawul) announces the delisting of Weqaya Takaful Insurance and Reinsurance Co. shares, symbol (8220)
Saudi insurer MedGulf denies it's considering sale of business
(Gulfnews - 31/05/2017)
The Mediterranean & Gulf Insurance & Reinsurance Co., a Saudi Arabian insurer known as MedGulf, denied it's considering putting itself up for sale. MedGulf isn't exploring strategic options that could include a potential sale of the company and hasn't
Saudi Arabian insurer MedGulf said weighing sale of business
(Gulfnews - 29/05/2017)
The Mediterranean & Gulf Insurance & Reinsurance Co., a Saudi Arabian insurer known as MedGulf, is weighing putting itself up for sale, according to three people familiar with the matter. MedGulf is working with the investment banking arm of Banque Saudi
Tawuniya conducts blood donation drive
(Saudi Gazette - 24/05/2017)
THE Company for Cooperative Insurance (Tawuniya) concluded an employees> Blood Donation Campaign in cooperation with King Faisal Specialist Hospital and Research Centre. This Campaign took place last May 16-18 at the Company's Head Office in Riyadh. The
United Insurance announces extension of rights issue
(Gulfnews - 18/05/2017)
United Insurance Company said it has received the approval from the Securities and Commodities Authority to extend the subscription period for shares to increase the company's capital. The rights issue is scheduled to end on June 6, instead of the
Bupa to raise stake in Bupa Arabia to 34.25%
(Saudi Gazette - 15/05/2017)
Bupa is planning to increase its shareholding in Bupa Arabia from 26.25% to 34.25%. This follows an agreement on the acquisition of a portion of ASAS' (a Nazer Group Company) stake in Bupa Arabia resulting in an 8% increase of Bupa's stake to 34.25%.
BKIC announces Q1 results
(CPI Financial - 14/05/2017)
Net income from investment had positive growth, up 118 per cent on the previous year. Bahrain Kuwait Insurance Company posted its Q1 results, noting that it achieved a net profit of BHD 504,000, a decrease from BHD 967,712 from Q1 the previous year. Net
Meethaq posts Q1 results
(CPI Financial - 14/05/2017)
Meethaq Islamic financing receivables rose to OMR 902 million of 31 March 2017 compared to OMR 665 million in the same period of 2016. Islamic banking customer deposits amounted to OMR 780 million as of 31 March 2017 compared to OMR 678 million reported
Sanad Insurance shares delisting from Tadawul
(Tadawul - 14/05/2017)
Based on the CMA announcement dated 10/05/2017 G about the delisting of Sanad Cooperative Insurance Co. shares, the Saudi Stock Exchange (Tadawul) announces the delisting of Sanad Cooperative Insurance Co. shares, symbol (8090) as end of Thursday
Insurer Adnic doubles income for first quarter
(The National - 11/05/2017)
Profit at Abu Dhabi National Insurance Company (Adnic) nearly doubled during the first quarter, even as premiums remained basically flat. The insurer, the UAE's third-largest by gross written premiums, reported a net profit of Dh74 million for the three
Takaful Emarat profit falls 80%
(Gulfnews - 10/05/2017)
Takaful Emarat, a life and health insurance provider, reported on Tuesday Dh691,172 in net profit for the first quarter of 2017, marking a near-80 per cent decline from the Dh3.3 million recorded in the same period of 2016. In its statement, the company
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