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- Burgan Bank's salary account Al Rateb tailored to meet needs of employees
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18/04/2017 09:40 AST
Further to the announcement by the company on 23/02/2016 regarding the restructuring agreement signed with four of its main lenders, the company would like to further announce that it has reached a debt reduction agreement with one of those lenders to whom a loan of SR141.9 million is currently outstanding. Under this agreement, the company will make an immediate payment of SR 51 million including SR 11 million as a refundable Guarantee against an outstanding loan and an issued letter of guarantee. In return, the lender will immediately forgive an amount of SR77 million from the current outstanding loan. The remaining loan amount of SR24.9 million will also be forgiven upon the company providing additional cash collateral anticipated to be made before June 2019. The company expects to realize the impact of SR77 million debt reduction in Q2 2017, and the impact of the remaining SR24.9 million debt reduction in Q1 2018.
Tadawul
02/05/2017
With reference to the previous announcement of the Saudi Cable Company dated 22/07/1438 H (corresponding to 19 April 2017) on the official website of the Saudi Arabian Stock Exchange (Tadawul) regard
Tadawul
20/04/2017
The Saudi Cable Company announces that it has appointed NCB Capital Company as the financial advisor to manage the process of the capital reduction of the Company, on 21/07/1438H (corresponding to 18
Tadawul
17/04/2017
Saudi Cable Company announces that the Board of Directors is about to reduce the Company's Capital in order to adjust the Company's conditions in accordance with the provisions and regulations issued
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| RIYADHCABLES | 132.90 | -1.80 (-1.34 |
| ASTRAINDUSTRIAL | 142.70 | -2.30 (-1.59 |
| UNITEDMINING | 44.00 | 1.00 (2.32 |
| ALBABTAIN | 64.15 | -1.65 (-2.51 |
| BAWAN | 52.25 | 0.00 (0.00 |
10/11/2025
In its latest effort to enrich customers' banking journey with added value, Burgan Bank presents Kuwaiti employees with salary account, Al Rateb, tailored conveniently to meet their needs and financi
Kuwait Times
10/11/2025
Dizlee, Zain Group's API (application programming interface) digital monetization ecosystem provider has entered a strategic partnership with Aduna, enabling faster deployment of new digital services
Kuwait Times
10/11/2025
Dukhan Bank has signed a strategic Memorandum of Understanding (MoU) with Global Infrastructure Partners (GIP), a part of BlackRock, marking a historic first for the Qatari banking sector.
A
Gulf Times
10/11/2025
QNB Group announced the winners of two Sea Ray boats as part of its QNB Visa Credit Card Summer Campaign during the Qatar Boat Show 2025 - a four-day luxury event at Doha Port showcasing world-class
Gulf Times
10/11/2025
Qatar Islamic Bank (QIB has announced the latest millionaire as part of the Misk Account 8th edition, continuing its commitment to rewarding responsible saving and empowering customers across Qatar.
Gulf Times
Financial Information Co.
P.O. Box 69410, Jeddah Saudi Arabia