close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Saudi dairy firm Almarai plans Islamic bond sale

Shareholders will be asked to approve the company's bond issue programme, and to authorise its board of directors to issue the sukuk, once all regualtory approvals are in place.

0

October 16, 2011 9:12 by



Saudi Arabia’s Almarai Co is to seek shareholder approval of its plan to issue Islamic bonds, or sukuk, at a general assembly meeting on Nov. 19, the company said in a bourse statement on Sunday.

Shareholders will be asked to approve the company’s bond issue programme, and to authorise its board of directors to issue the sukuk, once all regualtory approvals are in place.

No timeframe or further details of the bond issuance were given.

The dairy firm made 349.2 million riyals ($93.12 million) during the second quarter. It has plans to invest 4 billion riyals ($1.1 billion) in the poultry sector.

Almarai shares are over 20 percent down so far this year on the Saudi bourse after ending the previous year 35 percent higher. (Reporting by Rachna Uppal; Editing by)



0

Tags: , , , ,

Leave a Comment