President and Chief executive Adnan Yousif has stated that prudent business strategies intended at realizing robust growth in earnings in every field of operations are attributable to the Group s outstanding financial performance across-the-board.
The reaffirmation of ABG
's ratings yet again per the new methodology adopted by S&P is a significant achievement, especially as it signifies the inherent strength of ABG
as an institution that has shown strong resilience in these times of financial and political uncertainty across the world," said chairman Shaikh Saleh Abdullah Al Kamel.
The fact that ABG
has consistently achieved the reaffirmation is an indication of the success of its strategies and its resilience in weathering the adverse effects of the present conditions.
Tarikere will help ABG
transition its current business model into the cloud.
Carolinas offers comprehensive employee benefits consulting and administration services throughout North and South Carolina.
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India Ratings & Research, a rating agency, downgraded ABG
Shipyard's Rs 200-crore non-convertible debenture programme to default from 'IND BB' earlier, citing delayed payments.
We are delighted with the partnership between BFX and ABG
which we believe will benefit and improve the current method of conducting Murabaha transactions by Al Baraka Banking Group," Central Bank of Bahrain (CBB) financial institutions supervision executive director Abdulrahman Al Baker said.
Any appearance of double leverage at ABG
would very likely trigger a negative rating action.
This indicates the financial strength of ABG
as an institution and its ability to weather the adverse effects of the present conditions thanks to its strategies, its able executive management team at the head office and in all its subsidiaries.
Tano Capital originated the proposal to form a private company in India to acquire Cemp, marketed the proposal to ABG
Engineering and invested $15 million of its own funds in the deal.
The development of ABG
Shipyard availing the debt recast programme comes at a time when bankers are becoming increasingly wary of the peer, Bharati Shipyard's Rs 5,860-crore debt recast plan.