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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 49.9% of the ordinary shares of PHBL, Saudi Re is pleased to announce that Lloyd's has granted the required approvals on 26/9/2017 subject to receipt of the approvals of the Saudi Arabian Monetary Authority (SAMA) and the Bermudian Monetary Authority.
Saudi Re shall announce any significant developments in due course.
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 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 a
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
Etisalat said on Sunday that its board has approved to lift the restrictions on voting rights of foreign shareholders on par with UAE nationals.
The board authorised the management to take
Doha Bank has achieved continuous compliance to the ISO20000 standard. The outcome of the Audit determines an organisation’s commitment towards complying with the Industry standards. By passing the S
Ooredoo announced that it will roll out first-in-class Fibre Home devices to Lusail, to ensure Qatar’s first smart city is fully connected, QNA reported. Furthermore, Ooredoo is partnering with NETG
Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary results for the nine months ended September 30, 2018. The bank posted a net profit of RO 134.74 million for
Oman Daily Observer
Adnoc Sour Gas, a subsidiary of the Abu Dhabi National Oil Company (Adnoc), has confirmed work is on track to construct a new sulphur pipeline, to carry molten sulphur produced by its Shah field sour