Bahrain Kuwait Insurance Co (BKIC) has reported a net profit of BHD 1.5 million in the first half of 2012, down 42.1 percent y-o-y. The gross premiums have grown 0.6 percent y-o-y to BHD 19.14 million. Mr. Ebrahim Al Rayes, CEO of BKIC announced net profit of BHD 1.5 million...
Warba Insurance announced its biannual results scoring a healthy KWD 1,285,625 in the first half of the year ending 30th June. Mr. Anwar Jawad Bukhamseen made the announcement of the H1 2012 results amongst the board of directors meeting that was held on Monday 30th July. The company net profits...
Al Buhaira National Insurance Co (ABNIC) announced its net profit at the end of H1 fall by 33.1 percent y-o-y to AED 35.1 million while gross premium was AED 302.6 million which is down by 21.1 percent y-o-y. Commenting on the report with Abu Dhabi Securities Exchange (ADX), ABNIC...
Qatar Petroleum (QP) has reduced its stake in Industries Qatar (IQ) to 51 percent from 70 percent, transferring 104.5 million shares to another state-owned entity, General Retirement and Social Insurance Authority, which provides retirement benefits for the public and private sectors. According to an IQ statement, the transfer of...
