Corporate Actions

(Photo Credit: Arabianeye-Reuters)
23 April 05:25 PM Alomar no longer involved in Bahri after new post
Riyadh - Mubasher: The National Shipping Company of Saudi Arabia (Bahri) said that Ibrahim bin Abdul Rahman Alomar, the company’s president, is no more related to the company. The announcement came after a royal decree was issued appointing Alomar …
(Photo archive)
23 April 04:41 PM Saudi Cable to announce financial results in 8 weeks
Riyadh - Mubasher: Saudi Cable Company will postpone announcing its annual financial results for the year, as the financial advisor’s report is still under studying. The company expects to finalize this task within eight weeks starting from 23 …
(Photo Credit: Arabianeye-Reuters)
23 April 04:17 PM Dur Hospitality to distribute SAR 0.45/shr for H2-16
Riyadh – Mubasher: Dur Hospitality on Sunday announced that it will distribute cash dividends of 45 halalas per share for the second half of 2016, starting 1 May. The distribution will take place through Riyad Bank and will be automatically …
(Photo Credit: Company website)
23 April 03:43 PM Taiba to distribute SAR 0.40/shr for Q4-16
Riyadh – Mubasher: Taiba Holding Company on Sunday announced distributing cash dividends at 40 halalas per share for the fourth quarter of 2016, starting 25 April. The distributions will take place through National Commercial Bank (NCB) and will …
(Photo credit: Company's website)
23 April 12:36 PM Abu Qir Fertilizers board decides to raise capital
Cairo – Mubasher: Abu Qir Fertilizers’ board of directors has approved to increase the issued and paid-up capital from EGP 1.26 billion to EGP 1.89 billion through distributing 0.5-for-1 bonus shares. The board also agreed to raise the authorised …
(Photo credit: Arabianeye - Reuters)
23 April 12:05 PM Remco board approves capital cut
Cairo – Mubasher: Remco for Tourism Villages Construction’s board of directors has agreed to reduce the issued capital via writing off 1 million treasury stocks. Thus, the capital will be EGP 2.4 billion distributed across 246.7 million shares …
(Photo Credit: Company website)
23 April 12:03 PM SARCO not to distribute dividends for 2016
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Arabia Refineries Company (SARCO) approved the freeze of dividends for fiscal year 2016. The EGM also agreed on the board’s and auditors’ reports for 2016, in addition to amending …
(Photo Archive)
23 April 11:14 AM EG Bank shareholders to discuss capital hike 9 May
Cairo – Mubasher: The ordinary general meeting (OGM) of the Egyptian Gulf Bank (EG Bank) will be held on 9 May to discuss raising the issued and paid-up capital by $27.718 million via a rights issue. The OGM will also look into amending articles …
(Photo Credit: Arabianeye-Reuters)
23 April 10:38 AM Al Jouf to distribute SAR 1/shr cash dividends
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Jouf Agricultural Development on Thursday approved distributing SAR 1 per share, or 10% of capital, as cash dividends for fiscal year 2016. The company will start paying dividends …
(Photo Credit: Company website)
23 April 10:12 AM Southern Cement approves H2 dividends
Riyadh – Mubasher: Southern Province Cement said its shareholders gave the go-ahead on 20 April to 22.5% dividends for the second half of 2016, according to a bourse statement. The company will start distributing dividends on 4 May 2017. The …
(Photo Credit: Arabianeye-Reuters)
23 April 09:52 AM Banque Saudi Fransi approves annual dividends
Riyadh – Mubasher: Banque Saudi Fransi said its shareholders approved 5% dividends or 50 halalas per share for the second half of 2016, according to a bourse statement. Total approved dividends amounted to SAR 601.11 million for H2-16. The …
Photo Credit: Arabianeye-Reuters
20 April 02:14 PM Boubyan International to reduce capital
Mubasher: The extraordinary general meeting (EGM) of Boubyan International Industries Holding approved shrinking the capital and using the legal reserve to offset its accumulated losses. The company will reduce the capital to KWD 15 million from …
Photo Credit: Arabianeye-Reuters
20 April 12:44 PM BKIC mulls takeover of Takaful International
Mubasher: Bahrain Kuwait Insurance (BKIC) intends to purchase the remaining stake in Takaful International. The stake accounts for 36.31% of the ordinary issued and paid-up shares, according to a bourse statement issued on Thursday. The total …
(Photo Credit: Press Release)
20 April 10:58 AM Aloroba appoints HNC to manage listing on Nomu
Riyadh - Mubasher: Aloroba Company hired House of National Consulting Co (HNC) as the financial advisor to manage the listing of its shares on the Nomu-Parallel Market. The company noted that it will announce its prospectus and the subscription’s …
(Photo Credit: Company website)
20 April 10:33 AM CMA nods to Nama Chemicals’ capital cut
Riyadh - Mubasher: The Capital Market Authority (CMA) approved Nama Chemicals’ request to decrease its capital by 81.7%. The capital would be reduced to SAR 235.2 million from SAR 1.29 billion and subsequently the number of shares will decrease …
(Photo Credit: Company website)
20 April 09:52 AM Saudi Cable hires NCB Capital to manage capital cut
Riyadh - Mubasher: Saudi Cable Company appointed NCB Capital as the financial advisor to manage its capital reduction, according to a bourse filing on Thursday. Earlier, the company’s board had recommended a capital decrease to SAR 259 million …
(Photo Credit: Arabianeye-Reuters)
20 April 09:33 AM Budget’s EGM OKs 2016 dividends, capital hike
Riyadh - Mubasher: The extraordinary general meeting (EGM) of United International Transportation Company (Budget Saudi Arabia) approved the distribution of cash dividends for 2016. The company will distribute dividends at SAR 1.25 per share or …
(Photo Credit: Company website)
20 April 09:12 AM Al Asmak’s EGM nods to capital cut
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Fisheries Co (Al Asmak) approved on Wednesday a capital decrease by 62.64%. The company will reduce its capital from SAR 535.4 million to SAR 200 million, according to a bourse …
Photo Credit: Arabianeye-Reuters
19 April 07:11 PM ACIG posts accumulated losses on higher provisions
Mubasher: Allied Cooperative Insurance Group (ACIG) said that its accumulated losses reached SAR 73.796 million which accounts for 36.90% of the capital, according to a bourse statement issued on Wednesday. The accumulated losses resulted from …
(Photo Credit: Arabianeye-Reuters)
19 April 05:36 PM Al Ahlia’s accumulated losses exceed 20% of capital
Riyadh - Mubasher: Al Ahlia Cooperative Insurance announced that its accumulated losses reached SAR 56.9 million, representing 35.6% of capital. The company attributed the losses to higher technical provisions, adding to an increase in claims’ …
(Photo Credit: Company website)
19 April 05:20 PM Tokio Marine’s accumulated losses reach 35%
Riyadh – Mubasher: Alinma Tokio Marine announced that its accumulated losses reached SAR 158.3 million by the end of 2016, representing 35.2% of capital. The company attributed the increase to the accumulation of losses of the previous operating …
Photo Credit: Arabianeye-Reuters
19 April 03:34 PM Kuwait Reinsurance nods to 8% bonus
Mubasher: The ordinary general meeting (OGM) of Kuwait Reinsurance approved distributing 8% of the capital as bonus shares for fiscal year 2016. The company will distribute 8-for-100 shares to the entitled shareholders; this will raise the capital …
Photo Credit: Arabianeye-Reuters
19 April 02:54 PM Mubarrad Transport nods to FY16 dividends
Mubasher: The ordinary general meeting (OGM) of Mubarrad Transport approved distributing 5% of the capital as cash dividends for fiscal year 2016, according to a bourse statement issued on Wednesday. The company will pay 5 fils per share to the …
Photo Credit: Arabianeye-Reuters
19 April 02:42 PM IPG to pay KWD 4.57m dividends, raise capital
Mubasher: The ordinary general meeting (OGM) of Independent Petroleum Group (IPG) approved distributing 30% of capital as cash dividends for fiscal year 2016. The company will pay 30 fils per share to the entitled shareholders, with a total of KWD …
The Egyptian Exchange (Photo credit: Mubasher)
19 April 12:26 PM EGX reviews Alexandria Flour Mills capital hike documents
Cairo – Mubasher: The Egyptian Exchange (EGX) said Wednesday that Alexandria Flour Mills has submitted the documents to raise its issued capital by EGP 124.45 million from EGP 40 million to EGP 164.45 million. The company also requested to raise …