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- Energy is at the heart of AI revolution, says Aramco executive
- Over 60% of Saudi firms highly aware of AI-driven cyber threats: Cisco Index
- Bahrain's non-oil exports of national origin rise 12% to $2.8bn in Q3
- GCC banks seen holding stable credit strength in 2026 despite event risks, says S&P
- Closing Bell: Saudi main index closes in red at 10,687
- Saudi FM company Efsim plans IPO, to list 30pc shares
- GFH Partners acquires majority stake in Devmark
- US retail sales miss expectations as consumers battle higher prices
- Qatar keen to diversify investment ventures with Azerbaijan
- QSE index closes lower
11/09/2010 00:00 AST
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 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 Takafuls "takaful fund", poor investment results for both members and shareholders, and diminished business growth under very difficult economic and competitive conditions," said Standard & Poors Credit Analyst Wolfgang Rief. "It also reflects our uncertainties about managements expectations and measures to restore profitability and return to growth."
Al Watan
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
15/09/2010
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 wi
CPIFINANCIAL
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 149.90 | -1.00 (-0.67 |
| TAWUNIYA | 121.30 | -1.10 (-0.90 |
| ALRAJHITAKAFUL | 90.15 | -5.45 (-5.71 |
| RASAN | 109.90 | -5.70 (-4.94 |
| QATI | 2.00 | 0.00 (0.00 |
26/11/2025
AI is driving generational opportunity across every industry, society, and economy - but at the crux of this global transformation is the crucial relationship between AI and energy, Aramco's Executiv
Arab News
26/11/2025
Efsim Facilities Management Company, a leading provider of integrated facilities management (IFM) services across the Kingdom of Saudi Arabia, today (November 25) announced its intention to proceed w
Trade Arabia
26/11/2025
GFH Partners, a Dubai International Financial Center (DIFC) headquartered investment manager and the global real estate investment arm of GFH Financial Group, has acquired a majority stake in Devmark
Trade Arabia
25/11/2025
Taqa Energy Services, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed an agreement with Sdeira Group, a subsidiary of AD Ports Group, to implement one of the emirate's largest bu
Trade Arabia
25/11/2025
Saudi Real Estate Company (Al Akaria) has announced the signing of a framework agreement with Expo 2030 Riyadh Company to execute the early works for the Expo 2030 Riyadh project.
The contra
Trade Arabia
Financial Information Co.
Saudi Arabia