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- PIF-backed Scopely acquires Pokemon GO maker for $3.5bn
- Saudi Arabia invites applications for exploration permits in Riyadh, Madinah regions
- Dubai port operator DP World grows 2024 revenues to record $20b
- Asyad Shipping shares steady on market debut after RO128mn IPO
- Qatar sees strong residential performance in Q4 2024
- Dubai office rents: Small businesses feel full impact of eviction notices
- UAE-Pakistan trade gets single-window boost after AD Ports Group deal
- India becomes top FDI source in Dubai with $3 billion investment
- Closing Bell: Saudi main index continues to decline on third consecutive day
- Saudi banks see profit surge in Q4 as rate cuts boost margins: Fitch Ratings
15/09/2010 00:00 AST
Standard & Poor's Ratings Services said that its 'BBB-' counterparty credit and insurer financial strength ratings on Kuwait-based First Takaful Insurance Co. (First Takaful) remain on CreditWatch with negative implications, where they were placed on May 12, 2010.
"The rating action mainly reflects our continued view of the deteriorating underwriting performance of First Takaful's "Takaful fund", poor investment results for both members and shareholders, and diminished business growth under very difficult economic and competitive conditions," said Standard & Poor's Credit Analyst Wolfgang Rief. "It also reflects our uncertainties about management's expectations and measures to restore profitability and return to growth."
CPIFINANCIAL
28/03/2014
Kuwait-based Capital Standards Rating (CSR) has upgraded First Takaful Insurance Company's (FTIC) Insurer's Financial Strength Rating (IFSR) to 'BB' and national rating to 'BBBkw'. The outlook for th
CPI Financial
08/10/2010
Standard & Poor's Ratings Services said today it lowered its counterparty credit and insurer financial strength ratings on Kuwait-based First Takaful Insurance Co. to 'BB+' from 'BBB-'.
A
Business Intelligence
11/09/2010
Standard & Poors Ratings Services said on Thursday that its BBB- counterparty credit and insurer financial strength ratings on Kuwait-based First Takaful Insurance Company (First Takaful) remain on C
Al Watan
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 172.60 | 0.60 (0.34 |
| TAWUNIYA | 148.20 | 1.00 (0.67 |
| ALRAJHITAKAFUL | 151.20 | -2.80 (-1.82 |
| QATI | 1.96 | 0.01 (0.51 |
| RASAN | 79.00 | 7.10 (9.87 |
13/03/2025
Asyad Shipping Company, one of the world's largest diversified maritime providers and a global leader in deep-sea transportation, successfully listed on the Muscat Stock Exchange (MSX) on Wednesday f
Muscat Daily
13/03/2025
Qatar Gas Transport Company (Nakilat) marked a significant milestone with the steel cutting ceremony for eight of its new LNG carriers at Hanwha Ocean Shipyard in South Korea.
These vessel
Trade Arabia
12/03/2025
Oman's Ministry of Energy and Minerals has entered into an Exploration and Production Sharing Agreement (EPSA) with OQ Exploration and Production (OQEP) and Genel Energy to develop Concession Block 5
Muscat Daily
11/03/2025
For the third consecutive year, Gulf Bank successfully organized an exhilarating fitness challenge at Lose Gain, a specialized group training gym. The event combined high-energy workouts with friendl
Khaleej Times
11/03/2025
Oman Telecommunications Company (Omantel) Group has reported significant growth in its financial results for the year 2024. The group's revenue (including Zain Group's operations) increased by 3%, fr
Muscat Daily
Financial Information Co.
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