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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 |
|---|---|---|
| RIBL | 29.65 | 2,130,721 |
| ALDREES | 141.40 | 522,113 |
| EIC.ADX | 7.95 | 0 |
| GULFUNIONALAHLIA | 17.40 | 234,780 |
| ALBABTAIN | 44.20 | 361,872 |
| MUTAKAMELA | 19.42 | 2,022,103 |
| MIDAN | 757.00 | 0 |
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 189.00 | -1.00 (-0.53 |
| TAWUNIYA | 156.80 | 1.00 (0.64 |
| ALRAJHITAKAFUL | 175.20 | 1.40 (0.80 |
| QATI | 2.16 | -0.01 (-0.37 |
| RASAN | 92.40 | 0.90 (0.98 |
06/02/2025
Saudi utility giant ACWA Power has signed two agreements with Aramco to accelerate the deployment of renewable energy projects and evaluate the performance of vanadium flow batteries in the Kingdom's
Arab News
05/02/2025
Al Rajhi Bank, a pioneer in innovative banking solutions in Saudi Arabia, has announced a strategic partnership with RATL Technology, the owner of Muhide fintech platform, to digitally empower and fi
Saudi Gazette
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
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