Warba Insurance Co KSC: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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Warba Insurance Co KSC Repurchases Own Shares From Kuwait International Bank KSC and Divests Shares in Ritaj Takaful Insurance Company KSCC
Kuwait International Bank KSC (KIB) announced that it plans to swap shares in Warba Insurance Co KSC (Warba), given they are not complying with Sharia, with shares of Ritaj Takaful Insurance Company KSCC. Warba will buy KIB's 8.56% stake in Warba as treasury shares. After completing the deal, KIB's stake in Ritaj Takaful Insurance Company will increase from 40% to 73.6%, thus turning it from associate to subsidiary.
Latest Developments for Warba Insurance Co KSC
- Kuwait International Bank KSC Completes Purchase of 33.6% Stake in Ritaj Takaful Insurance Company KSCC from Warba Insurance Co KSC
- Warba Insurance Co KSC Sells 33.6% Stakes in Ritaj Takaful Insurance Company KSCC to Kuwait International Bank KSC
- Warba Insurance Co KSC Increases its Stake in Ritaj Takaful Insurance Company KSCC from 33.6% to 58.7%
- Warba Insurance Co KSC Receives Approval on 10% of its Own Shares
Latest Key Developments in Insurance
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