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Following announcement on 01-10-2017, with regards to the Shareholder Agreement signed with Probitas Holdings (Bermuda) Limited (PHBL), Saudi Re is pleased to announce the completion of transaction and the consequent acquisition of 49.9% of the ordinary shares of PHBL.
The CMA has issued its resolution approving Saudi Re for Cooperative Reinsurance Company's request to reduce its capital from SAR (1,000,000,000) to SAR (810,000,000), thus reducing the number of sha
Following announcement on 30-07-2017, with respect to Saudi Re announcing signing off a Shareholder Agreement with Probitas Holdings (Bermuda) Limited (PHBL), through which Saudi Re will purchase 49.
Standard & Poor's Ratings Services affirmed its 'BBB+' long-term issuer financial strength and counterparty credit ratings on Saudi Re for Cooperative Reinsurance Co (Saudi Re). The outlook remains s
Saudi-based Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group), a leading importer, manufacturer and distributor of air conditioners and home appliances, has recorded a first quarter net loss of S
Abu Dhabi National Oil Company (Adnoc) has announced that steady progress is being made on the development and expansion of refining, petrochemical and derivatives sites within its Ruwais Industrial
Ooredoo recently held a webinar that shared learnings and insights into best innovation practices for the business ecosystem. The live "Best Practices" webinar, held on June 10, was co-hosted with Si
Consolidation in the Omani banking sector is a crucial need of the hour so that the sector could grow and stay competitive. Yet, we have not witnessed much progress to date on a wider scale. Despite
Times of Oman
Barwa Bank announced yesterday the names of the winners of the most recent round of Thara’a draw, its Shariah-compliant savings promotional scheme, at the Bank’s headquarters. As the draw results sho