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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
International credit rating agency, Standard & Poor’s (S&P) has revised the outlook on Qatar Islamic Bank (QIB) to ‘stable’ and affirmed the ‘A-/A-2’ issuer credit rating.
According to the
National Bank of Fujairah (NBF) announced that NBF Islamic has retained the ‘Best Islamic Window — UAE’ accolade for the third consecutive year at the Islamic Business and Finance Awards 2018.
The Gulf Today
UAE-based Goldilocks Investment Company said it has reached an agreement with Gulf Navigation Holding, a leading maritime and shipping company based in Dubai, to acquire a 18.32 per cent stake in the
Agility Public Warehousing Company (KSC) announced Monday investing $100 million for the next three years in logistic technology sector, via launching a digital platform to manage electronicallylinke
ALINMA Bank hosted its first-ever FinTech-focused event at the Four Seasons hotel in last Dec. 3, 2018. The gathering was hosted by the bank in partnership with FinTech Saudi and Alinma Investment Co