Browse
related articles
Kingdom Holding soars on Shar'iah board formation
- Saudi Arabia: Tuesday, January 29 - 2013 at 17:24
The Saudi Stock Exchange closed 0.10% higher at 7,027.81 points Tuesday. The shares of Kingdom Holding Co., the investment vehicle of Saudi billionaire Prince Al Waleed Bin Talal gained two percent to reach SR19.65. Earlier in the day, Kingdom Holding said the board of directors has approved for the formation of the Shari'ah Committee that will be headed by Sheikh Abdullah Sulaiman Al Manee'a, Advisor to the Royal Court and Senior Ulama Board and Ifta Member. The Shar'iah Committee consists of the following Islamic law scholars: Sheikh Abdullah Sulaiman Al Manee'a (Chairman), Sheikh Mohamed Ali Elgari (Member), Sheikh Ali Abdulaziz AlNashwan (Member), Dr. Abdulah Salim AlGhamdi (Secretary General). The Shar'iah Committee was established to study the gradual conversion of future sources for loans for the company to be Shar'iah compliant, said the investment firm.
Related Content
Article Options
Gérard Al-Fil, Financial JournalistTuesday, January 29 - 2013 at 17:24 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
