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Saudi Re Nine-Month Net Profit Rises 63% to SR194.2 Million as Reinsurance Revenue Jumps 73%

Third-quarter profit rose 6% to SR32.6 million, while gross written reinsurance premiums for the nine months climbed 50% to SR3.93 billion.
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Bahrain Clear Appoints Seven Pillars Consultancy to Review Its Clearing and Depository Operations

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Bahrain’s Mumtalakat and ARP Group Plan AI-Native Wholesale Bank After Central Bank In-Principle Approval

The proposed Bahrain-headquartered bank will serve financial institutions, payment companies and cross-border businesses, and needs final authorization before it can start regulated activities.
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stc Bahrain Signs $140 Million Financing Facility With BNP Paribas to Fund Network Expansion

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Saudi Re Nine-Month Net Profit Rises 63% to SR194.2 Million as Reinsurance Revenue Jumps 73%

Third-quarter profit rose 6% to SR32.6 million, while gross written reinsurance premiums for the nine months climbed 50% to SR3.93 billion.

More News

Saudi Re Nine-Month Net Profit Rises 63% to SR194.2 Million as Reinsurance Revenue Jumps 73%

Third-quarter profit rose 6% to SR32.6 million, while gross written reinsurance premiums for the nine months climbed 50% to SR3.93 billion.

Bahrain Clear Appoints Seven Pillars Consultancy to Review Its Clearing and Depository Operations

The independent advisor will assess Bahrain Clear's operations, regulatory frameworks, governance and technology and produce a prioritized roadmap for its post-trade services.

Bahrain’s Mumtalakat and ARP Group Plan AI-Native Wholesale Bank After Central Bank In-Principle Approval

The proposed Bahrain-headquartered bank will serve financial institutions, payment companies and cross-border businesses, and needs final authorization before it can start regulated activities.

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Bahrain: A Leading Financial Services Hub in the GCC

Bahrain is known as the financial capital of the GCC, boasting a strong financial services sector that includes 367 local, regional, and international institutions....

2025 Kuwait Market IQ Highlights

Kuwait has made significant progress in corporate governance, aligning with its broader goals of attracting foreign investments, diversifying the economy, and increasing transparency. A...

Kuwaiti Banks Consider Fees on Online Transfers to Cover Digital Costs

Kuwaiti banks are exploring the possibility of introducing fees on online transfers between different banks. This move aims to help financial institutions manage the...

Kuwait Central Bank Chief Calls for Reforms to Ensure Stability

The Governor of Kuwait’s Central Bank, Mohammad al-Hashel, emphasized the urgent need for economic reforms to stabilize the country’s finances, stating that monetary tools...

Saudi Arabia’s Ramadan Hours Boost Business and Community Life

Ramadan hours bring big changes to Saudi Arabia’s daily routine. As fasting continues from sunrise to sunset, life shifts to the night. Businesses extend...

Oman Central Bank Issues Treasury Bills Worth OMR37.60 Million

Muscat – The Central Bank of Oman (CBO) has issued Government Treasury Bills totaling OMR37.60 million. The issuance includes two types of Treasury Bills...

Bahrain: A Leading Financial Services Hub in the GCC 

Bahrain is recognized as the financial capital of the GCC, with a robust financial services sector that includes 367 local, regional, and global institutions. Positioned as...

UAE: Sheikh Mohamed Issues Law on Abu Dhabi Customs

President Sheikh Mohamed has issued a new law restructuring the General Administration of Abu Dhabi Customs. The law grants the entity independent legal status...

Qatar Central Bank Leads FinTech Strategy and Innovation in Qatar

The Qatar Central Bank (QCB) is at the forefront of driving the FinTech strategy in Qatar, supporting the implementation of digital innovations and financial...
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