27/09/2017 09:14 AST

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.


CMA approves Saudi Re request to reduce its share capital


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

Press Release

Saudi Re completed acquisition of 49.9% of Probitas Holdings (Bermuda)


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


Saudi ratings affirmed At 'BBB+/gcAA+'; outlook stable


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

CPI Financial

Ticker Price Volume
MARKA 0.27 2,472,381
QNBK 150.12 63,942
TAWUNIYA 84.26 332,233
SABIC 118.69 5,264,176
ALMARAI 59.20 459,712
SAICO 20.12 187,282
STC 82.89 283,151
SAUDIRE Sector Market
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
QATI 36.98 0.63 (1.73%)
TAWUNIYA 84.26 -0.47 (-0.56%)
BUPA 106.64 2.64 (2.53%)
QGRI 47.50 0.00 (0.00%)
ARCCI 80.44 -1.22 (-1.50%)
Drake & Scull shares drop 22% in four-day sell-off


Shares of the Drake & Scull International on Wednesday slumped more than 9.4 per cent as investors continued to sell the stock after shareholders' proposal to raise capital through a convertible debt

The National

Bank Muscat joins hands with MetLife


Bank Muscat, flagship financial services provider in the Sultanate, and MetLife, one of the world’s leading financial services companies, signed a 10-year agreement to offer a bouquet of innovative i

Times of Oman

QIMC reports QR50.8m net profit for first quarter


Qatar Industrial Manufacturing Company (QIMC) has reported a net profit of QR50.8m for the first quarter of 2018 (Q1, 18), down from QR60.4m recorded a year ago.

The company’s earnings per

The Peninsula

ENBD’s Saudi equity fund records 18% returns


Emirates NBD Asset Management said that its Saudi Arabia equity fund recorded a year-to-date return of more than 18 per cent, and grew to a size of over $30 million since its launch in December 2017.

Gulf News

Shuaa subsidiary to provide short selling services


Shuaa Capital’s brokerage subsidiary Integrated Services joined the list of companies providing technical short selling services on the Abu Dhabi bourse after it was granted a licence by the Abu Dhab

Gulf News