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- Saudi firms announce 2024 financial results amid Eid trading break
- Oman Cables 2024 net profit up 19.5pc; sales soar to $697m
- Agility posts solid results for 2024; revenue soars to $5bn
- AD Ports Group records $4.7bn in revenue for 2024
- WEG lands supply contract for $3bn Adnoc infrastructure project
- Qatar's banking sector sees increase in aggregate earnings
- OPEC+ to meet over excess Kazakh oil output
- Oil Updates - crude edges lower as market awaits fresh US tariffs
- Trump announces sweeping tariffs on imports, raising fears of inflation and trade wars
- New Saudi real estate directives reinforce home ownership goals: Finance minister
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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03/04/2025
Oman Cables Industry (OCI), a leading cable solutions provider in the sultanate, has announced that it has delivered solid results for yet another year with its sales turnover for 2024 soaring to RO2
Trade Arabia
03/04/2025
Agility, a supply chain services, infrastructure and innovation company based in Kuwait, has delivered solid results for FY 2024 with KD1.53 billion ($5 billion) in revenue as its operating entities
Trade Arabia
03/04/2025
AD Ports Group has achieved record-breaking results in 2024, with its revenues soaring to hit AED17.3 billion ($4.7 billion) and its ebitda (earnings before interest, taxes, depreciation and amortisa
Trade Arabia
03/04/2025
WEG, a leading electric motor, variable frequency drives and gearbox manufacturer, has announced that it will support the Abu Dhabi National Oil Company (Adnoc) set up a 300-km crude oil pipeline pro
Trade Arabia
29/03/2025
China's President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms' concerns over the Chinese econo
Reuters
Financial Information Co.
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