(21/05/2013) The Council of Ministers approved on Monday 20 May, 2013 to appoint Dr. Fahd Ahmed Abu Haymad representing Ministry of Commerce and Industry and Mr. Khalid Ibrahim Al Rabiah representing the listed companies at the Saudi Stock Exchange (Tadawul) as members at the Board of Directors of (Tadawul), to complete the three year term [...]
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Dar Al Arkan issues a USD 750 million Islamic Sukuk program
(22/05/2013) Saudi developer Dar Al Arkan Real Estate Development Company launched a SAR 2.8 billion (USD 750 million) International Islamic Sukuk Program, in multiple tranches over a twelve month period. The order book for the first tranche was opened on Monday, 20 May 2013 and closed on 21 May 2013, with an oversubscription of more [...]
READ MORE »Al Babtain appoints Ahmed Bin Ali Al-Dakhil replacing Wissa Henawi Mikhail
(21/05/2013) Saudi-based Al Babtain Power and Telecommunication Company appointed Mr. Ahmed Bin Ali Al-Dakhil as its new Chief Executive Officer who has extensive experience in many leading industrial companies such as Saudi Basic Industries Corporation (SABIC) and SPIMACO for Pharmaceutical Industries in addition to Obeikan Industrial Investment Company, where he was the general manager of [...]
READ MORE »Cedar Rose sponsoring the 2013 Insuring Export Credit and Political Risk Asia conference in Singapore
We are very pleased to announce that Cedar Rose, the leading business and credit information provider in the Middle East, Africa and Asia is the Associate Sponsor of the world-class conference Insuring Export Credit & Political Risk Asia 2013 for the Export Credit Agencies ECAs taking place on 10–12 June 2013 at the Swissôtel – The Stamford [...]
READ MORE »Announcement from Bank of Cyprus – 28 March, 2013
The following was announced by the Bank of Cyprus on 28th March, 2013 with regards to the capital controls imposed by the Central Bank of Cyprus and the Cypriot Government following 12 days of bank closures in Cyprus: TEMPORARY RESTRICTIVE MEASURES IMPOSED BY A DECREE OF THE MINISTER OF FINANCE ACCORDING TO THE POWERS VESTED [...]
READ MORE »Anti Money Laundering AML Compliance Conference held at the DIFC in March 2013
Cedar Rose’s Managing Director, Mr Antoun Massaad, has been invited to attend an Anti Money Laundering AML compliance conference held at the Dubai International Financial Centre DIFC as a keynote speaker. The event, which will take place on the 21st of March 2013, is hosted by BvD Bureau van Dijk, with other keynote speakers including [...]
READ MORE »Banque Audi’s 2012 Net Interest Income Rises 10 Percent to LBP 865.9 Billion
(21/01/2013) Banque Audi-Audi Saradar Group SAL, the largest Lebanese bank, stated that its net interest income for 2012 increased 10% to LBP 865.9 billion (USD 577 million) from 2011. The bank’s net profit for 2012 grew 5% to LBP 578.2 billion while total operating income increased 11.8% to LBP 1.65 trillion from 2011, Banque Audi [...]
READ MORE »New International Marketing Executive appointed at Cedar Rose
Cedar Rose management and staff would like to warmly welcome Sameh Tawfik Ph.D.c as the new International Marketing Representative for Cedar Rose. Sameh, who is based in Cairo, Egypt will be managing the company’s marketing activities and promoting awareness of the new countries and products that Cedar Rose now offers and the subscription packages soon [...]
READ MORE »Cedar Rose now covering 63 countries
With the continued expansion of our Research Offices in Beirut, Lebanon, Cedar Rose are providing credit reports and business information on companies in even more countries, throughout Africa and Asia in 2013. Cedar Rose, which already has a strong reputation for quality credit reporting and due diligence in the Middle East and North Africa has [...]
READ MORE »Najran Cement 2012 Net Profit Down 13.8 Percent to SAR 202.2 Million
(20/01/2013) Saudi-based Najran Cement Company stated that its net profit for 2012 decreased 13.8% to SAR 202.2 million compared with 2011. The company’s total income dropped by 6.4% in 2012 to SAR 277.4 million from 2011, Najran Cement reported in a statement on the Saudi Stock Exchange website. Najran Cement stated that the reason behind [...]
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