Equate Group, a global producer of petrochemicals and the world’s second-largest producer of ethylene glycol, has announced changes in its senior leadership team with the appointment of Naser Aldousari as its new CEO.
Kuwait Clearing Company, the central clearing, settlement and depository entity for Boursa Kuwait, has promoted Khaldoun Al-Tabtabaie to CEO.
Daimler AG, the owner of the Mercedes-Benz brand, announces Al Mulla Group as its future distributor in Kuwait for passenger cars, vans, trucks, and buses.
Kuwait International Bank (KIB) recently appointed Raed Bukhamseen as CEO, in addition to his role as Vice Chairman of the bank.
KAMCO Investment Company signed a Sale and Purchase Agreement with NCH Ventures, a Bahrain domiciled entity representing the interests of more than 50 financial institutions to acquire a 69.53% stake in Global Investment House.
Qurain Petrochemical Industries Company (QPIC) announced a net profit of KWD 35.2 million (USD 117.23 million) for the year ended 31 March 2018, compared to KWD 34.94 million (USW 116.37 million) last year.
Qurain Petrochemical Industries Company (QPIC) announced a net profit of KWD 35.2 million (USD 117.23 million) for the year ended 31 March 2018.
A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Al Ahleia Insurance Company (AAIC).
CI Ratings has upgraded Gulf Bank’s Financial Strength Rating (FSR) to ‘A-’ from ‘BBB+’, supported by the sound and sustained improvement in the bank’s good loan asset quality metrics and the solid capital and good liquidity positions.