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Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co 4240.SE has signed a 1 billion riyal ($266.6 million) Islamic loan maturing in March 2021, it said on Thursday, to help repay loans and fund expansion.The loan is repayable by semi-annual instalments starting 18 months from June 4, the date of agreement, a bourse statement said.

Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co has signed a SAR 1 billion (USD 266.6 million) Islamic loan maturing in March 2021, it said on Thursday, to help repay loans and fund expansion.

Initial public offers of equity in Gulf states are set to boom, helped by lighter regulation and legal reforms, according to one of the region's top IPO lawyers.

Dubai Islamic Bank has completed the purchase of a 24.9% stake in Indonesia's Bank Panin Syariah from its parent firm, an executive at Bank Pan Indonesia was quoted as saying.

Aljazira Takaful Taawuni Company has announced that the company held its Extraordinary general assembly meeting in the Head Office in Jeddah on 03-06-2014 corresponding to 05-08-1435 at 16:30. All resolutions of the meeting are as follows:1-Approval of board membership policy, standards, and procedures 2-Approval of Audit Committee charter 3-Approval of Nomination and remuneration committee

CMA announces that based on the announcement by the Saudi Arabian Monetary Agency dated 5/8/1435 H corresponding to 3/6/2014 that included: "after viewing the first quarter financial statements from the current year 2014 submitted by Weqaya Takaful Insurance and Reinsurance Company to the Agency on 20/6/1435 H corresponding to 20/04/2014 showing that the company's accumulated losses reached 97%