After the close of the subscription period, the CEO of Al Rajhi Capital Co., Marcus Andrade, has announced the initial IPO subscription results for the Buruj Insurance.

Al Rajhi Capital is the Lead Manager for the IPO.

The IPO has resulted in SAR 595 million of subscriptions with the number of subscribers reaching 1,102,504 . The offer has been subscribed by 1140%. The IPO was launched on Saturday 3 October. Read the full story

Mohamed Al Sari, Managing Director of GGICO

Gulf General Investment Company PSC (GGICO) announced net profit of AED 198 million for the 1st half of 2009, with revenues of AED  3.1 billion. Read the full story

AXA Cooperative Insurance Company (“AXA Co-operative”), a Saudi Public Joint Stock Company, announced the 15th of July that the Ministry of Commerce has issued their Commercial Registration. Read the full story

Mr. Hussein Al Meeza, CEO and Managing Director of Aman

Dubai Islamic Insurance and Reinsurance Company (Aman) said it has made Dh19.9 million profit in the second quarter of the year, Read the full story

In an attempt to allow Young Emiratis to lead and excel in all business fields, Dubai Islamic Insurance and Reinsurance

(AMAN) has promoted Miss Amal Alrayisi to Acting Manager for Aman branch office in Sharjah and the Northern Emirates. Read the full story

AMAN, Dubai Islamic Insurance & Reinsurance Company, have obtained approval of the Syrian Insurance Supervision Authority to operate in Syria under the name  AMAN Syria for Takaful Insurance. Read the full story

The award was presented by Policy, the leading insurance journal in the Middle East and the magazine behind the Middle East Insurance Awards2008 Read the full story