Corporate Actions

Photo Credit: Company Website
27 March 02:29 PM NASS to distribute dividends at 5fils/shr
Mubasher: The general assembly of Nass Corporation has approved the distribution of cash dividends to shareholders for 2016 at 5 fils per share or 5% of capital, according to a bourse filing. Dividends total value amount to BHD 1.08 million, the …
Mubasher
27 March 12:07 PM Analysis: Performance of Saudi companies in Egypt post floatation
Riyadh - Decypha: As the Egyptian government took the long awaited decision to float the local currency last November, the economy began to respond, with some industries realizing unprecedented profits and others barely holding on.   One question …
The company’s capital amounts to AED 100 million (Photo Credit: Arabianeye-Reuters)
27 March 11:15 AM United Insurance to launch rights issue late April
Abu Dhabi – Mubasher: United Insurance Company (UIC) said subscription to its AED 100 rights issue will be on 26 April, according to a statement. A total of rights issue worth AED 25 million, representing 25% of UIC’s capital, will be offered to …
Invest Bank's capital amounts to AED 1.588 billion,(Photo Credit: Bank Website)
27 March 10:14 AM Invest Bank nods to annual dividends
Abu Dhabi – Mubasher: Invest Bank said its shareholders approved 8.08% cash dividends, or 8.08 fils per share, for the fiscal year 2016, according to a bourse filing. Total dividend payout stands at AED 128.31 million for FY16. The bank’s capital …
(Photo credit: Arabianeye - Reuters)
27 March 09:39 AM Kuwait Slaughter House approves 20 fils/shr dividends
Kuwait- Mubasher: The ordinary general meeting (OGM) of Kuwait Slaughter House (KSH) approved the proposal of distributing cash dividends representing 20% of the nominal value, or 20 fils per share, for the fiscal year 2016, according to a bourse …
Nasdaq
27 March 08:37 AM Nasdaq Dubai to see listing of two new futures early April
Dubai - Decypha: Nasdaq Dubai is expecting two new futures to be listed in the futures market during the first week of April, CEO of Nasdaq Dubai, Hamed Ali, told Decypha. The futures belong to the Dubai Financial Market (DFM) and Dubai …
(Photo credit: Arabianeye - Reuters)
27 March 06:57 AM Tasameem raises stake in Arabtec
Dubai – Mubasher: Tasameem Real Estate increased its stake in Arabtec Holding from 8.76% to 9.49%, according to a data published on the Dubai Financial Market’s (DFM) website. Arabtec’s capital amounts to AED 4.62 billion, distributed on 4.62 …
(Photo Credit: Arabianeye-Reuters)
26 March 03:14 PM Trafco OGM approves 17 fils/shr dividends
Mubasher: The ordinary general meeting (OGM) of Trafco Group has approved a cash dividend for 2016 at 17 fils per share, representing 17% of the company’s capital. Dividends for 2016 will total BHD 1.37 million, the food staples company said in a …
(Photo credit: Company's website)
26 March 11:57 AM Nozha Hospital OGM approves cash dividends, bonus shares
Cairo – Mubasher: Nozha International Hospital said Sunday that its ordinary general meeting (OGM) has approved a proposal to distribute cash dividends of 30 piasters per share and 0.2-for-1 bonus shares for fiscal year 2016. Meanwhile, the …
(Photo Credit: Tadawul website)
26 March 11:33 AM Musharaka Capital to manage Saud Al Qahtany listing on Nomu
Riyadh – Mubasher: Saud Al Qahtany Auction Company hired Musharaka Capital Company as the financial advisor for the offering and listing of its shares on the Saudi Nomu-Parallel Market. The company said that it will contact qualified investors to …
A total of 7% bonus shares on a 7-for-100 basis were also approved (Photo Credit: Company Website)
26 March 09:16 AM Unikai Foods approves annual dividends
Dubai – Mubasher: Unikai Foods said its shareholders have approved cash dividends and bonus shares for fiscal year 2016, according to a bourse statement. The shareholders gave a nod to 10% cash dividends, or 10 fils per share, amounting to AED …
(Photo Credit: Company Website)
26 March 09:08 AM Emirates Driving approves 60% dividends for FY16
Abu Dhabi – Mubasher: Emirates Driving Company said that its shareholders approved 60% cash dividends or 60 fils per share for fiscal year 2016, according to a bourse statement. The company’s board had earlier proposed 30% dividends for FY16. The …
Dubai Refreshments' headquarter (Photo Credit: Company Website)
26 March 08:23 AM Dubai Refreshments approve annual dividends
Dubai – Mubasher: Dubai Refreshments said its shareholders gave the go-ahead on Thursday to 70% cash dividends, equivalent to 70 fils per share, for fiscal year 2016, according to a bourse statement. Total approved dividends amount to AED 63 …
The company’s capital amounts to AED 600 million (Photo Credit: Company Website)
26 March 08:14 AM Agthia to discuss 15% dividends late April
Abu Dhabi – Mubasher: Agthia Group said its board recommended on 23 March to distribute 15% dividends, or 15 fils per share, for fiscal year 2016, according to a statement. Total proposed dividends amount to AED 90 million for FY16. The …
Photo Credit: Arabianeye-Reuters
23 March 07:14 PM Nasdaq Dubai seeks to attract Egyptian listings
By: Amr Adel Dubai – Decypha: Nasdaq Dubai is highly interested in attracting local Egyptian companies to offer their shares for initial public offerings (IPO), the CEO of Nasdaq Dubai, Hamed Ali, reported Decypha. Egypt is one of the important …
Press Conference held on the sideline of listing ENBD REIT's shares (Photo Credit: Mubasher)
23 March 07:06 PM ENBD REIT seeks to raise property assets to $1bn – CEO
By: Amr Adel Dubai – Decypha: ENBD REIT targets to increase the volume of its real estate assets from $400 million to $1 billion in the coming four years, CEO Tariq Bin Hendi told Decypha. The company allocated $180 million to finance acquisitions …
The volume of sukuk listings is expected to rise in the coming weeks (Photo Credit: Arabianeye-Reuters)
23 March 06:39 PM Nasdaq Dubai receives listing requests from regional firms
By: Amr Adel Dubai – Decypha: Nasdaq Dubai received new listing requests from companies in the Middle East and North Africa (MENA), according to chief executive Hamed Ali. There are continuous talks with a number of companies, with expectations …
Photo Credit: Arabianeye-Reuters
23 March 02:23 PM Bahrain Kuwaiti Insurance to pay 30% dividends
Mubasher: The ordinary general meeting (OGM) of Bahrain Kuwaiti Insurance approved the board’s recommendation of distributing 30% cash dividends for fiscal year 2016. The company, which is listed on both Boursa Kuwait and the Bahrain Bourse (BHB), …
Photo Credit: Arabianeye-Reuters
23 March 02:17 PM Bahrain Islamic Bank nods to 5% dividends
Mubasher: The ordinary general meeting (OGM) of Bahrain Islamic Bank (BisB) approved the board’s proposal of paying 5% cash dividends for fiscal year 2016. The bank will distribute 5 fils per share for the fiscal year, with an overall value of BHD …
(Photo Credit: Arabianeye-Reuters)
23 March 01:59 PM Export Development Bank looks to raise capital
Cairo – Mubasher: Export Development Bank of Egypt on Thursday submitted a request to the Egyptian Exchange (EGX) to raise its issued and paid-up capital by EGP 288 million. The bank is looking to increase its capital to EGP 1.72 billion from its …
(Photo Credit: Arabianeye-Reuters)
23 March 12:48 PM Eastern Tobacco raises Cleopatra cigarette prices
Cairo – Mubasher: Eastern Company, commonly known as Eastern Tobacco, on Thursday announced raising the prices of its Cleopatra brand by around EGP 0.75. We have increased the prices of our Cleopatra box (red and blue) to EGP 12.75 from EGP 12 …
ENBD REIT’s market capitalisation at admission totalled $282.4 million (Photo Credit: Arabianeye-Reuters)
23 March 11:52 AM EFG Hermes finalises advisory on ENBD REIT’s $105m IPO
Mubasher: EFG Hermes concluded its advisory on ENBD REIT’s $105 million initial public offering (IPO) on Nasdaq Dubai, according to a statement. Trading began on a total of 254.4 million shares, including the 94.59 million issued in the IPO that …
(Photo archive)
23 March 10:32 AM Subscription of Doha Bank's rights to start 4 April
Doha - Mubasher: Doha Bank's board invited shareholders to subscribe in its capital increase shares through a rights issue. Trading of the subscription rights will commence on 4 April and end on 17 April. The subscription period for shareholders …
(Photo archive)
23 March 10:14 AM CMA gives nod to Herfy capital hike
Riyadh – Mubasher: The Saudi Capital Markets Authority (CMA) approved Herfy Food Services Co's capital increase request. The capital will be raised from SAR 462 million to SAR 646 million, through bonus shares of 2:5, according to a bourse filing …
(Photo credit: Company's website)
23 March 10:14 AM Golden Pyramids rights issue 95.5% subscribed
Cairo – Mubasher: Golden Pyramids Plaza said Thursday that its rights issue was subscribed by 95.46%, according to a bourse statement. Last November, the company’s board of directors approved raising the issued capital from $539 million to $579.42 …