Riyadh – Mubasher: The board members of Salama Cooperative Insurance Company proposed a capital hike to SAR 300 million by offering rights issues valued at SAR 100 million, according to a bourse statement. The board’s recommendation, which was …
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the request of Yaqeen Capital Company to trade its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Yaqeen plans to float 3 million shares, equivalent to 20% …
Riyadh – Mubasher: Saudi Enaya Cooperative Insurance Company turned to profitability during the full year 2023, recording a net profit after Zakat attributable to shareholders of SAR 20.22 million, compared to a net loss of SAR 6.35 million a year …
Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company recorded a 97.95% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 24.81 million in 2023 from SAR 12.53 million. The insurance revenues grew 10.05% …
Riyadh – Mubasher: The net profit after Zakat attributable to shareholders of Arabian Shield Cooperative Insurance Company skyrocketed by more than 15,943% year-on-year (YoY) to SAR 65.13 million in 2023 from SAR 406,000. Insurance revenues rose …
Riyadh – Mubasher: Allianz Saudi Fransi Cooperative Insurance Company reported a 331.29% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 36.98 million in 2023 from SAR 8.57 million. Insurance revenues grew by …
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company recorded a 639.22% year-on-year (YoY) jump in net profit after Zakat attributable to shareholders to SAR 93.89 million in 2023 from SAR 12.70 million. Insurance revenues grew 12.05% YoY to …
Riyadh – Mubasher: Morabaha Marina Financing Company posted a 31.11% year-on-year (YoY) drop in net profit to SAR 31 million in 2023 from SAR 45 million. The company’s revenues grew 7.15% YoY to SAR 169.40 million last year from SAR 158.10 …
Riyadh – Mubasher: Walaa Cooperative Insurance Company shifted towards profitability in 2023, recording a net profit after Zakat attributable to shareholders of SAR 147.97 million, compared to a net loss of SAR 68.08 million a year earlier. …
Riyadh - Mubasher: Saudi Lime Industries Company renewed its credit facilities agreement with the Arab National Bank (ANB) at a value of SAR 140 million on 12 March 2024. The Sharia-compliant deal holds a tenor of seven years and is secured by a …
Dubai – Mubasher: The Saudi arm of Emirates NBD has signed an agreement with Emirates to launch the Fly Now, Pay Down the Line initiative to offer a zero-interest instalment plan for customers in the kingdom. The new feature will enable customers …
Riyadh – Mubasher: The Capital Market Authority (CMA) passed the request of Al Hokail Academy Specialized Digital Polyclinics Company to trade its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). The Saudi firm intends to …
Riyadh – Mubasher: Ejaro partnered with The Company for Cooperative Insurance (Tawuniya) to boost the car rental market in line with Saudi Arabia's Vision 2030, according to a press release. Tawuniya led the Saudi peer-to-peer (P2P) car rental …
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has entered an exclusive long-term global partnership with Mastercard. The landmark agreement encompasses four key markets – the UAE, Saudi Arabia, Oman, and Egypt – and aims to strengthen the …
Riyadh – Mubasher: The Company for Cooperative Insurance (Tawuniya) logged a 103.98% year-on-year (YoY) surge in net profit after Zakat attributable to shareholders to SAR 616.42 million in 2023 from SAR 302.19 million. Insurance revenues jumped …
Riyadh – Mubasher: Al Rajhi Bank has concluded the issuance of $1 billion USD-denominated Shari’ah-compliant sustainable Sukuk. A total of 5,000 sukuk were sold for $200,000 per each, according to a bourse filing. The sukuk have a maturity of five …
Riyadh – Mubasher: The Capital Market Authority (CMA) has approved the requests of Bank Albilad and Aldrees Petroleum and Transport Services Company to increase their capital. The Saudi lender will raise its capital by granting one bonus share for …
UAE – Mubasher: Gulf Islamic Investments (GII) has acquired an entity licensed by the Saudi Capital Market Authority (CMA) to boost operations in the kingdom. GII operations in Saudi Arabia will include corporate finance advisory, investment …
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has signed an agreement to sell its entire stake in insurance and reinsurance company Probitas Holdings (Bermuda) Limited and its subsidiary, which amounts to 49.90%, to Aviva Insurance …
Riyadh – Mubasher: Al Rajhi Bank has announced plans to issue USD-denominated sukuk under its international sukuk programme. The offering is expected to be conducted through a special purpose vehicle to local and international investors, according …
Riyadh – Mubasher: The Fundamental Installation for Electric Work Company (First Fix), a subsidiary of Red Sea International Company increased its loan from Saudi Awwal Bank (SAB) to SAR 196.10 million, according to a bourse filing. The unit …
Riyadh – Mubasher: The net profit after zakat attributable to shareholders of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) surged 353.18% year-on-year (YoY) to SAR 328.06 million in 2023 from SAR 72.39 million. The insurance …
Riyadh – Mubasher: Alinma Bank has completed the issuance of $1 billion USD-denominated additional tier 1 capital certificates. A total of 5,000 certificates were sold at $200,000 for each and an annual yield of 6.50%, according to a bourse …
Riyadh – Mubasher: Saudi investment bank and asset manager SNB Capital launched SNBC Capital Oil & Gas Fund I, which was established by SNB Capital’s Dubai-based subsidiary, SNB Capital (DIFC) Limited. The newly created fund aims to provide …
Riyadh – Mubasher: Saudi Aramco Base Oil Company (Luberef) posted 23.68% year-on-year (YoY) lower net profits at SAR 1.50 billion in 2023, compared to SAR 1.97 billion. Luberef posted revenues amounting to SAR 9.48 billion as of 31 December 2023, …