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UCA Announces the Signing of a Contract with ALJ Leasing Company
(Tadawul
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25/11/2012)
United Cooperative Assurance Co. (UCA) announces the signing of a contract with Abdel Latif Jameel Leasing Company on 24/11/2012 by which UCA in cooperation with AXA Cooperative Insurance Co. and Malath cooperative Insurance and Reinsurance Co. will ...
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Corporate Announcements
Net profit announced for the 1st Quarter of the year 2013, SAR 16 million, an increase of 18%.
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17/04/2013
40% capital increase announced from SR 200 million to SR 280 million, by issuing 7-for-5 bonus shares.
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24/03/2013
Net profit before Zakat announced for the year 2012, SAR 53.10 million, an increase of 4.8%.
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22/01/2013
Net profit announced for the 9 months ending on 30/9/2012, SAR 31.20 million, a decrease of 1.1%.
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20/10/2012
Net profit announced for the 1st Half of the year 2012, SAR 19.40 million, a decrease of 1.0%.
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18/07/2012
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Insurance
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News
BKIC announces new brand identity
(Press Release
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21/05/2013)
Bahrain Kuwait Insurance co. (BKIC) is a Bahraini public shareholding company established in the year 1975 with equal shareholding from the states of Bahrain & Kuwait • BKIC stands as proof of successful economic cooperation between the two states • The ...
Bahrain National Holdings announces financial results for Q1 of 2013
(AME Info
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20/05/2013)
Bahrain National Holding Company (BNH), the parent company of Bahrain National Insurance (bni) and Bahrain National Life Assurance (bnl), has announced a net profit of BD1.25m for the 3 months ended 31 March 2013; against BD0.82m for the same period last ...
Pound Declines to Six-Week Low Versus Dollar on Fed Speculation
(Bloomberg
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18/05/2013)
The pound fell for a second week versus the dollar as speculation the Federal Reserve is moving closer to ending its program of asset purchases boosted the U.S. currency against its major peers. Sterling dropped to a six-week low after Fed Bank of San ...
Surge in Gulf trade credit insurance
(The National
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18/05/2013)
Demand for trade-related credit insurance in the GCC is expected to rise by nearly 40 per cent this year as companies seek to improve their ability to secure finance and cover risks in Europe, Africa and other markets. The forecast comes from Euler ...
DHHC Announce the Date and Form Of Dividends Distribution
(Tadawul
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18/05/2013)
According to the companys announcement dated 22/4/2013 relating to the results of its fourth normal General Assembly that took effect on 17:00 of Sunday 21/4/2013 in Tadawuls Media Center in Riyadh, which approved dividends distribution of SR 70,800,000 ...
Masdar and IFC in $1.5b deal for clean energy projects
(Khaleej Times
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18/05/2013)
Masdar and the International Finance Corporation (IFC), the private sector arm of the World Bank, announced their intention to collaborate on the advancement of clean energy projects. The memorandum of understanding (MoU), which was signed last week in ...
Political uncertainties overshadow Bahrain’s insurance hub status
(CPI Financial
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18/05/2013)
The Kingdom of Bahrain has maintained its position as a key insurance hub and continues to post growth in its insurance market despite a prolonged period of political turbulence, according to a new report from A.M. Best Co. The report, titled “Political ...
A.M. Best revises outlook for Dubai Insurance Company to positive
(CPI Financial
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18/05/2013)
A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of “bbb” and the financial strength rating (FSR) of B++ (Good) of Dubai Insurance Company PSC (DIC) (United Arab ...
Bahrain National Holdings Announces Financial Results
(Press Release
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15/05/2013)
Bahrain National Holding Company (BNH) – the parent company of Bahrain National Insurance (bni) and Bahrain National Life Assurance (bnl) has announced a net profit of BD 1.25 million for the 3 months ended 31 March 2013; against BD 0.82 million for the ...
Arig Returns Profitable 1st Q Result on Single-Digit Portfolio Growth
(Press Release
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13/05/2013)
Arig reported reduced net profits of US$ 2.7 million for the first quarter of 2013 (Q1 2012: US$ 5.5 million) on gross premiums of US$ 164.9 million (Q1 2012: US$ 159.9 million), an increase of 3%. Arig’s non-life combined ratio reached 79.7% for the ...
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