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- Yamama Cement to upgrade production line being moved to new plant site
- Arabian Cement forecasts rise in cement demand in Saudi Arabia
- Microsoft laying off several thousand employees
- QSE index closes higher
- Bahrain All Share Index, Islamic Index close higher
- Abu Dhabi's hotel revenues surge to $230m in April
- Gulf Bank launches Bug Bounty and Vulnerability Disclosure Program
- Burgan Bank signs partnership with SAP to deploy SuccessFactors HRM system
- Al Mudhaibi Industrial City signs two investment agreements worth OMR5.75 million
- OPAZ invites bids for phase one of Al Rawdah water drainage project
14/01/2016 17:17 AST
SABB Takaful Company announces that the Audit Committee confirmed today 14/1/2016 the technical reserves in the statement of reserves received from the Appointed Actuary in which includes a material increase in Unit reserve as a result of changing the calculation methodology of Unit reserve to comply with the regulations to have the Unit reserve equals the value of the respective underlying asset. The net increase in unit reserve is SAR 8.96 million when compared to the difference between Unit reserve and AFS investments for the previous quarter. The financial impact will be reflected negatively on the income statement for takaful operations of the fourth quarter 2015 under Changes in reserve for takaful activities. The change in reserves will enable the company to raise its efficiency and its ability to meet future obligations.
Tadawul
20/08/2017
On 17 Aug 2017, SABB Takaful (the Company) was informed that HSBC Asia Holdings BV and certain other wholly-owned subsidiaries * of HSBC Holdings plc (together HSBC) have reached an agreement with th
Tadawul
20/03/2015
In its efforts to promote and promulgate Islamic finance practices, SABB has taken up exclusive sponsorship of AAOIFI's 4 standards issuances planned to be released and published by Accounting and Au
Press Release
19/02/2015
SABB Takaful was Named "Best Takaful Company in the Kingdom of Saudi Arabia for 2014" at the MENA Insurance Awards event held in Dubai recently. The prestigious event was attended by a group of major
Saudi Gazette
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03/07/2025
As part of Gulf Bank of Kuwait long-term vision to enhance cybersecurity and in line with its strong commitment to protect its customers' data and digital systems from potential threats and hackers,
Kuwait Times
03/07/2025
Burgan Bank announced a partnership deal with SAP, a global leader in enterprise applications and business AI, as a strategic step toward deploying the cutting-edge, full-suite human resources manage
Kuwait Times
03/07/2025
Commercial Bank, a leader in innovative digital financial solutions, has been recognised as the 'Most Innovative Use of AI Technology - Banking - Qatar 2025' by International Finance.
Commer
Gulf Times
02/07/2025
Meeza, Qatar's leading Managed IT services and data centres provider, has signed a strategic long-term agreement valued at more than QR350mn with a global hyper-scaler, marking a major milestone in i
Gulf Times
02/07/2025
United Development Company (UDC), the master developer of The Pearl Island and Gewan Island, has been honoured with four out of six prestigious international accolades in environment and sustainabili
Gulf Times
Financial Information Co.
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