Al-Safat Investment Unit Makes $15 Million From China Investment

18/04/2010 00:00 AST

Al-Safat Investment Co., a Kuwaiti fund manager, said one of its subsidiaries made a profit of about 4.25 million dinars ($15 million) from exiting an investment in China.

The profit of about 5.5 fils a share will be added to Al- Safat Investment’s second-quarter results, the company said in a statement to the Kuwait Stock Exchange today.


Bloomberg

News

Capital Standards Rating affirms Al Safat Takaful Company at BB

03/10/2012

Capital Standards Rating Co. (CSR) has affirmed the Insurer's Financial Strength Rating (IFSR) at 'BB' and the national rating at 'BBBkw' for Al Safat Takaful Company (closed); the outlook for the ra

CPI Financial

CSR assigns BB to Al Safat Takaful Company

09/01/2011

This is the first time that CSR rates Al Safat. The rating is based on the consolidated financial statements until June 2010.

The ratings reflect Al Safat's adequate capitalisation, impr

CPI Financial

CBK renews approval for Safat Invest to purchase 10 pct of shares

29/07/2009

The Central Bank of Kuwait (CBK) has approved a request for renewing a prior CBK consent to Al Safat Investment Company for purchasing no more than 10 percent of its own issued shares for six months.

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