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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
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
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
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
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.
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