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- Southern Province, Yanbu Cement extend key merger talks
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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 | 178.00 | 2.20 (1.25 |
| TAWUNIYA | 153.80 | 4.00 (2.67 |
| ALRAJHITAKAFUL | 120.20 | -1.00 (-0.83 |
| RASAN | 84.50 | 0.60 (0.71 |
| QATI | 1.89 | 0.02 (1.06 |
25/06/2025
Southern Province Cement Company has announced that it has entered into a non-binding agreement with a leading Saudi cement group Yanbu to explore a potential merger.
The duo had an year ag
Trade Arabia
25/06/2025
Burgan Bank announced the appointment of Mohammed Al-Roomi as Deputy General Manager of Information and Cyber Security Management. This strategic appointment reflects the Bank's unwavering dedication
Kuwait Times
25/06/2025
In line with its commitment to enriching its customers' banking experience and providing the best innovative digital services that meet their needs, the National Bank of Kuwait announced the launch o
Kuwait Times
25/06/2025
Zain Omantel International (ZOI), the joint venture between Zain Group and Omantel, has earned four prestigious international awards - underscoring its position as a connectivity powerhouse in the re
Kuwait Times
25/06/2025
Al Mal Capital REIT, the first REIT listed on the Dubai Financial Market (DFM), on Tuesday announced a follow-on public offering (FPO) on its closed ended Real Estate Investment Trust (REIT).
Khaleej Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia