Stay updated with breaking news from Takaful co. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
RIYADH: Walaa Cooperative Insurance Co. has completed its merger deal with SABB Takaful Co. after listing the consideration shares to SABB Takaful entitled shareholders, according to a bourse filing. The merger was conducted through a share swap, where Walaa issued 0.6 shares against each share issued by SABB Takaful. SABB Takaful shareholders listed at the Securities ....
RIYADH: SABB Takaful Co. has been suspended from trading on the Saudi Stock Exchange in preparation to begin delisting procedures after its merger with Walaa Cooperative Insurance. Walaa Cooperative Insurance Co. said in a separate bourse filing that the decision to merge the two companies had begun, and all assets and obligations of SABB Takaful had been transferred to Walaa ....
RIYADH: Saudi Arabia’s main index started the week in the red, with investors remaining alarmed by the Kingdom’s annual inflation rate surpassing 3 percent for the first time in 14 months. The Tadawul All Share Index began the week with a 0.22 percent drop at 11,803, while the parallel market Nomu started with a 0.65 percent gain at 21,060, as of 10:09 a.m. Saudi time. Saudi ....
RIYADH: Saudi stocks declined in last week’s final session in line with most Gulf peers, as oil prices continued to fluctuate. The main TASI index finished 0.2 percent lower at 12,621, while the parallel Nomu market edged up 0.2 percent to 21,574. Abu Dhabi, Dubai, Bahrain, and Oman all lost between 0.1 and 1.5 percent, while Qatar and Kuwait bucked the trend to close 0.2 ....
RIYADH: Saudi Arabia’s benchmark index ended its first trading session of the week lower as investors raised questions over fluctuations in oil prices over the past week and higher inflation. The Tadawul All Share Index ended the session 0.53 percent lower at 12,554, while the parallel market, Nomu, finished 0.44 percent higher at 21,668. In the energy market, Brent crude ....