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13/03/2011 00:00 AST
Kuwait Insurance Company posted KD 3.8 million profits for 2010, compared with KD 6.2 million losses the previous year, the company Chairman Mohammed Behbehani said Sunday.
Addressing the general assembly of the company's shareholders, Behbehani said shareholders' contribution to the company's assets rose to KD 53.2 million, against KD 38.5 million. The assembly recommended the distribution of 20 percent cash dividends on shareholders, 20 fils per share, Behbehani announced.
The company's premiums went up to KD 30.4 million, vise-a-vise KD 29.5 million, he said. The KIC has also maintained its position at the top of the local market despite the increase of rival companies. The company's investment activities also recorded profits in 2010 estimated at KD 1.4 million, vise-a-vise KD 12.9 million-losses a year earlier. KIC is the largest and oldest insurance company in Kuwait as it was established in 1960.
KUNA
08/04/2014
Kuwait state news agency KUNA reports that Kuwait Insurance Company posted KWD 4.2 million in net profits for 2013 compared with KWD 3.9 million for 2012.
In a statement approved by the co
KUNA
19/07/2011
Capital Standards Rating (CSR) has assigned an Insurer Financial Strength Rating (IFSR) of "A-" and a national scale rating of "AA-kw" to Kuwait Insurance Company (KIC), the outlook is stable
CPI Financial
01/12/2010
Moody's Investors Service has today assigned a Baa1 insurance financial strength rating (IFSR) to Kuwait Insurance Company ("KIC"), based in Kuwait. The rating outlook is stable.
Ratings
AME Info
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 172.60 | 1.40 (0.81 |
| TAWUNIYA | 144.20 | -1.80 (-1.24 |
| ALRAJHITAKAFUL | 127.40 | -0.60 (-0.47 |
| QATI | 1.90 | -0.01 (-0.53 |
| RASAN | 84.00 | 1.70 (2.06 |
06/05/2025
AD Ports Group, and the General Authority for Suez Canal Economic Zone (SCZONE), the integrated investment destination for linking industry and global trade, have signed a 50-year renewable usufruct
Trade Arabia
06/05/2025
ADNOC Gas on Monday announced net income of $1.27 billion and EBITDA of $2.16 billion for the first quarter of 2025, exceeding the equivalent quarter in 2024 by 7% and 4% respectively.
The p
Khaleej Times
06/05/2025
SABIC, a global leader in chemicals, reported a net loss of SAR1.2 billion ($320 million) for the first quarter of 2025, representing a 36% improvement compared to a net loss of SAR1.9 billion in the
Trade Arabia
06/05/2025
As part of its ongoing commitment to growing and nurturing national talent within the banking and financial sectors, Gulf Bank has successfully concluded the 10th edition of its "Ajyal" program. Span
Kuwait Times
06/05/2025
ZAINIAC, Zain's internal innovation program, has made a strategic investment in Actly, an AI startup founded by Zain Kuwait employee Ahmad Al-Obaid, who will also serve as the entity's CEO. This grou
Kuwait Times
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