Tag: insurancefeatured

  • Kuwait’s Enaya Insurance picks Beyontec Suite

    Kuwait’s Enaya Insurance picks Beyontec Suite

    Enaya Insurance Company, a leading Insurer in Kuwait, and part of Alghanim Industries, one of the largest privately-owned companies in the region, has selected Beyontec Suite to manage its core life and medical insurance business. The Kuwait insurance industry is in a growth phase with the introduction of new legislative frameworks and the increase in […]

  • Enaya Cooperative’s EGM nods to SAR 200m capital hike

    Enaya Cooperative’s EGM nods to SAR 200m capital hike

    Saudi Enaya Cooperative Insurance Company (Enaya) on Thursday said that its shareholders had approved raising capital by 200% to SAR 300 million, from SAR 100 million via right issue shares during an extraordinary general meeting (EGM) held the previous day. Entitlement of dividends shall be for the shareholders who own shares at the end of […]

  • Mohandes Insurance profits rise to LE40 m ending Sept 2018

    Mohandes Insurance profits rise to LE40 m ending Sept 2018

    Mohandes Insurance company (MOIN) announced in a statement sent to EGX, the audited financial results for the fiscal period starting July 1, 2018, and ending September 30, 2018. The company posted consolidated net profits of LE39,586,835, versus net profits of LE32,629,362 in the same period a year ago, taking into account the minority rights. Moreover, […]

  • CMA approves Amana’s capital hike

    CMA approves Amana’s capital hike

    he Saudi Capital Market Authority (CMA) has approved Amana Cooperative Insurance Company’s request to increase its capital through rights issue valued at SAR 100 million. The increase in capital will be limited to the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading […]

  • Insurance House’s profit more than doubles in 9M

    Insurance House’s profit more than doubles in 9M

    Insurance House’s net profit has more than doubled to AED 8.39 million during the first nine months of 2019, compared to AED 3.86 million in the corresponding period of the previous year. Gross premiums written dropped to AED 165.13 million during the nine-month period ended September, versus AED 180.62 million in the same period of […]

  • Al Alamiya for Cooperative Insurance to generate SAR 45m from deal

    Al Alamiya for Cooperative Insurance to generate SAR 45m from deal

    Al Alamiya for Cooperative Insurance Company announced renewing an insurance agreement with Riyad Bank. The agreement entails insurance coverage for Riyad Bank’s auto leasing programme, the insurance firm said in a statement to the Saudi Stock Exchange (Tadawul) on Monday. Al Alamiya for Cooperative Insurance expects this agreement to positively impact its financial results as […]

  • Arabian Shield signs new health insurance deal

    Arabian Shield signs new health insurance deal

     Arabian Shield Cooperative Insurance Co. on Tuesday announced signing a health insurance contract with Nesma and Partners Contracting Co. Ltd. Amounting to SAR 59 million ($15.73 million), the one-year contract came into effect on Monday, the insurance firm said in a statement to the Saudi Stock Exchange (Tadawul). Under the deal, Arabian Shield will provide health […]

  • Qatar Islamic Insurance changes name to Qatar Islamic Insurance Group

    Qatar Islamic Insurance changes name to Qatar Islamic Insurance Group

    Qatar Islamic Insurance Company (QISI) on Monday announced that its board has approved changing its name to Qatar Islamic Insurance Group (QIIG). The board has approved establishing a real estate company owned 100 % by the group, according to a filing to the Qatar Stock Exchange (QSE). In August, QISI revealed that its board of […]

  • ADNEC to leverage Al Etihad Credit’s services

    ADNEC to leverage Al Etihad Credit’s services

    Abu Dhabi National Insurance Company (ADNEC) announced Tuesday that it has started using Al Etihad Credit Bureau’s services. According to the Federal Law No. 6 of 2010 concerning credit information, Al Etihad Credit Bureau has the authority to collect credit information from financial and non-financial institutions in the UAE. ADNEC will use such information to […]

  • Al Ramz Corporation seals full exit from Takaful Al Emarat

    Al Ramz Corporation seals full exit from Takaful Al Emarat

    Al Ramz Corporation Investment and Development announced its full-exit from its 17.76% stake in Takaful Al Emarat Insurance Co. The company has fully exited Takaful Al Emarat after achieving the target investment revenue, according to a filing to the Dubai Financial Market (DFM). In July, Al Ramz Corporation revealed that one of its subsidiaries had […]