Dubai government-owned property firm Limitless is asking creditors for more time to repay a USD1.2 billion debt facility, its chairman said on Tuesday.
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CMA previously announced a resolution on 25/2/2014 to suspend trading the shares of Weqaya Takaful Insurance and Reinsurance Company on the Saudi Stock Exchange (Tadawul) starting from 26/4/1435H corresponding to 26/2/2014 for failing to announce its annual financial statements as of 31/12/2013 within the specified period. On 07/04/2014, the company announced its annual financial statements as of
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Multinational insurance group offering represents a unique, asset-backed sukuk issuance from a rated European companySecond tranche of the programme has successfully closed for US$40 millionLondon & Dubai, April 7, 2014The EIIB-Rasmala Group ("EIIB-Rasmala" or "The Group"), a leading investment banking and asset management group focused on Gulf Cooperation Council (GCC) and London markets, today a
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Morocco is set to give Islamic finance a second try, counting on closer regulation and a clearer legislative framework to resolve problems which plagued its first attempt.
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The new regulations mark an important step in the development of the insurance market in Saudi Arabia, according to Clyde and Co.
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07 April 2014 RAM Ratings has assigned AAA/stable/P1 claims-paying ability (CPA) ratings to Etiqa Takaful Berhad (ETB or the Company). Concurrently, we have assigned a preliminary rating of AA1/stable to the Company's proposed Subordinated Sukuk Musharakah Facility of up to RM300 million (Subordinated Sukuk).ETB is the largest takaful operator (out of 11) in Malaysia, with a strong franchise. The
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