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Bupa Arabia Tops List of Most Valuable Insurance Brand in the Region
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NIDLP, Riyadh Bank sign cooperation agreement
to develop financing and investment capabilities
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Domestic pilgrims up to age of 70 allowed to perform Umrah March 17, 2021
Saudi Gazette report
RIYADH The Ministry of Hajj and Umrah announced that domestic pilgrims between the ages of 18 and 70 will be allowed to perform Umrah, saying this is in line with the directives issued by the Ministry of Health as part of precautionary measures and preventive protocols to stem the spread of coronavirus.
It said that beneficiaries of Eatmarna application can repeat the Umrah after the expiry of the current permit. A new permit can be issued at the earliest available opportunity in the event of canceling the previous permit. “As per the current regulation, booking can be made for the issuance of the Umrah permit every 15 days. It is possible to make the booking on a daily basis through the application and the transportation service is optional,” the ministry said.
Financial Academy organizes EGF, discusses challenges facing insurance sector March 16, 2021
RIYADH The Financial Academy will be organizing the Economic Growth Forum (EGF) virtually to discuss issues related to insurance sector development in the Kingdom of Saudi Arabia.
During the virtual forum, which is scheduled to kick off at 1:00 p.m. on Tuesday, March, 23, 2021, executives and experts in the insurance sector and government leaders will be discussing a number of key topics, including the leading role of the Saudi Central Bank in achieving sustainable insurance growth, the impact of COVID-19 pandemic on the insurance industry as well as challenges facing the sector, especially with regard to health insurance.
Here are a few things you need to know as Saudi stocks start trading on Monday.
United Electronics Co. (eXtra) reported an estimated net profit after Zakat and tax of SAR 280.3 million for fiscal year 2020, up 36% year-on-year (YoY).
Swicorp, the fund manager of Swicorp Wabel REIT Fund, announced that the availability period for the debt facility, amounting to SAR 1.4 billion, signed with National Commercial Bank (NCB) on June 26, 2019, has elapsed.
Saudi Automotive Services Co. (SASCO) signed a Shariah-complaint bank facility agreement, worth SAR 630 million, with Al Rajhi Bank.
Saudi Arabian Amiantit Co. fully settled its loans with Samba Financial Group, Bank Aljazira, Gulf International Bank, Al Baraka Islamic Bank (Bahrain), and Arab Banking Corporation (Bahrain).
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