The Billionaires of Arabia
It is not easy to identify all the billionaires of Arabia, primarily because many individuals are members of the rulings families.
Kuwait
Equate names Naser Aldousari as CEO effective October 2020
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 promotes Al-Tabtabaie to CEO
Kuwait Clearing Company, the central clearing, settlement and depository entity for Boursa Kuwait, has promoted Khaldoun Al-Tabtabaie to CEO.
Al Mulla Group to distribute Mercedes-Benz in Kuwait
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 hands over the reins to Raed Bukhamseen
Kuwait International Bank (KIB) recently appointed Raed Bukhamseen as CEO, in addition to his role as Vice Chairman of the bank.
KAMCO Investment to acquire 70% of Global Investment House
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.
QPIC posts KWD 35.2 million net profit for FY 2017/2018
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 posts KWD 35.2 million net profit
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 Affirms Credit Ratings of Al Ahleia Insurance Company
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).