Business Blog

The Saudi Monetary Authority said in a statement the violations were related to exceeding debt burdens

The outlook on the long-term IDR is stable.

May 16 (Reuters) - SABB TAKAFUL CO 8080.SE : * ANNOUNCES RESIGNATION OF HUSAM MALAIKAH AS COMPANY'S ACTING CEO * BOARD APPROVED APPOINTMENT OF HUSSAM ALKHAYAL AS COMPANY CEO Source:(https://bit.ly/2LKCTux) Further company coverage: 8080.SE ...

May 16 (Reuters) - KUWAIT INTERNATIONAL BANK KIBK.KW :* RECEIVES CMA APPROVAL TO ISSUE PERPETUAL TIER 1 CAPITAL SUKUK UPTO $300 MILLIONSource:(https://bit.ly/2WLmRBN) Further company coverage: KIBK.KW((This email address is being protected from spambots. You need JavaScript enabled to view it.;))

May 16 (Reuters) - FIRST TAKAFUL INSURANCE CO FTIK.KW : * Q1 NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 317,235 DINARS VERSUS 435,327 DINARS YEAR AGO * Q1 TOTAL OPERATING REVENUE 360,418 DINARS VERSUS 485,704 DINARS YEAR AGO Source:(https://bit.ly/2w1CB7L)...

May 16 (Reuters) - FIRST INVESTMENT CO OLAK.KW : * SIGNS AGREEMENT TO SELL SOME SHARES IN AN INVESTMENT IN SAUDI FOR 3.3 MILLION DINARS Source:(https://bit.ly/2JH4BWl) Further company coverage: OLAK.KW ...