Board of Directors

One of UNB's meetings (Photo Credit: CompanyWebsite)
20 April 10:36 AM UNB board member resigns
Abu Dhabi – Mubasher: Union National Bank (UNB) said Ahmed Saeed Al Badi resigned from the board, according to a bourse statement. The company’s chairman is Nahyan bin Mubarak Al Nahyan and CEO is Mohammad Ahmed Nasr Abdeen.
Former president Marwan Nusair Mohamed Nusair (Photo Credit: Company website)
19 April 11:35 AM Alujain’s president resigns
Riyadh – Mubasher: Alujain Corp announced the stepdown of its president, Marwan Nusair Mohamed Nusair, due to personal reasons. The company noted that the resignation was approved on 17 April and will be effective on 18 June, according to a bourse …
(Photo Credit: Arabianeye-Reuters)
17 April 01:19 PM SISCO EGM approves 20% capital hike
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Industrial Services Co. (SISCO), has agreed to increase the company’s capital by 20% through the issuance of bonus shares, as per recommendation by the board. The capital top-up …
Photo Credit: Arabianeye-Reuters
13 April 05:01 PM Marine Services board proposes entity conversion
Mubasher: The board members of Contracting and Marine Services recommended converting the legal entity of the company to be a closed shareholding company instead of a public joint-stock firm. The structure of the closed shareholding company …
Photo Credit: Arabianeye-Reuters
13 April 10:26 AM Sanad board nods to capital hike
Mubasher: The board members of Sanad Holding Co approved raising the company's capital by KWD 31.73 million. The capital increase will be through adding KWD 21.73 million via the creditors’ account, and KWD 10 million via a private subscription by …
Photo Credit: Arabianeye-Reuters
12 April 06:01 PM Medical Packaging shareholders seek changing BOD
Cairo - Mubasher: The shareholders of Medical Packaging Company have requested adding an item to the schedule of the company’s upcoming general assembly meeting, which is set to be held on 19 April, in order to allow a vote of no confidence in the …
Photo Credit: Arabianeye-Reuters
12 April 02:07 PM National Investments Q4 losses shrink 38%
Mubasher: The losses of National Investments Co posted a decline of 38% during the fourth quarter of 2016 as compared to the same period of 2015. Losses decreased to KWD 5.02 million ($16.4 million) in Q4-16 from KWD 8.1 million ($26.5 million) in …
(Photo Credit: Arabianeye-Reuters)
12 April 08:47 AM SHUAA board sees changes
Dubai – Mubasher: SHUAA Capital has appointed Fawad Tariq-Khan as a board director to fill the vacant seat, according to a statement. In late March, SHUAA had approved the appointment of Hesham Al Rayyes, CEO of GFH Financial Group, as a board …
Photo Credit: Arabianeye-Reuters
11 April 12:25 PM REAM chairman, members resign
Mubasher: The chairman of Real Estate Asset Management (REAM), Abdul Qader Jassim Abdullah Al Furaih, has submitted his resignation. In addition, three other members have resigned, namely Abdul Ilah Al Mutawa, Ibrahim Al Kandari, and Abdulwahab Al …
Photo Credit: Company Website
10 April 01:56 PM National Takaful to distribute dividends at AED0.16/shr
Abu Dhabi - Mubasher: The general assembly of Abu Dhabi National Takaful Company approved on Monday the distribution of cash dividends to shareholders for fiscal year 2016, with a total value of AED 16 million. Dividends will be distributed at 16 …
(Photo Credit: Arabianeye-Reuters)
10 April 11:58 AM QFB appoints Khalid Al Khoori as CEO
Doha - Mubasher: Qatar First Bank appointed Khalid Al Khoori as its acting CEO, pending the approval of regulatory authorities, according to a bank statement. The appointment came after Ziad Makkawi resigned, the bank added in its statement to the …
The company's website
10 April 11:37 AM QEWC postpones Ras Abu Fontas opening
Doha – Mubasher: Qatar Electricity and Water Company (QEWC) said on Monday that the opening of Ras Abu Fontas A3 is delayed to 18 April, according to a company statement. In late March, most of the expansion project of the A3 desalination plant at …
Photo Credit: Arabianeye-Reuters
9 April 04:43 PM Arabian Shield to begin dividends distribution next week
Riyadh - Mubasher: Arabian Shield Cooperative Insurance has approved in a statement to the Saudi Stock Exchange (Tadawul) that it will begin the dividends distribution on Sunday, 16 April. The company’s extraordinary general meeting (EGM) has …
SABIC, STC to hold their respective general meetings this week - (Photo Credit: Arabianeye-Reuters)
8 April 04:44 PM Tadawul awaits important events this week
Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of major events in the upcoming week between 9 and 13 April. Saudi Basic Industries Corp (SABIC) will hold its ordinary general meeting (OGM) on Tuesday …
Photo Credit: Press Release
8 April 01:58 PM Al-Inma Bank OGM approves 5% dividends
Riyadh - Mubasher: The ordinary general meeting (OGM) of Al Inma Bank has approved the board’s recommendation to distribute cash dividends to shareholders for fiscal year 2016 at SAR 0.5 per share. Dividends will total SAR 745 million, …
Photo Credit: Arabianeye-Reuters
6 April 10:19 AM Gulf Franchising to be listed on Parallel Market
Mubasher: Gulf Franchising Holding has confirmed the news published in a local newspaper over listing the company on the Parallel Market instead of the official one, according to a bourse statement issued on Thursday. The board members recommended …
Dubai Investments' building (Photo Credit: Company Website)
6 April 08:27 AM Dubai Investments to appoint new chairman Monday
Dubai – Mubasher: Dubai Investments said its board will hold a meeting on 10 April to discuss the election of a new chairman and vice chairman, according to a statement. The board will also discuss the nomination and remuneration of committee …
Photo Credit: Arabianeye-Reuters
5 April 06:41 PM Lecico defers EGP 179m in profits to next year
Cairo - Mubasher: The ordinary general meeting (OGM) of Lecico - Egypt has decided to pass on profits of EGP 178.6 million to the next year, according to a bourse filing. The OGM has also approved the financial results of 2016, the company said in …
The rise in capital will be through the issue of bonus shares - (Photo Credit: Arabianeye-Reuters)
5 April 06:06 PM Giza Contracting seeks EGX approval on capital hike
Cairo - Mubasher: The Egyptian Exchange (EGX) said that Giza General Contracting and Real Estate Investment Company (GGCC) has filed requests to raise its issued and paid capital from EGP 165.3 million to EGP 206.69 million. The capital hike will …
One of RAK Bank’s branches (Photo Credit: Arabianeye-Reuters)
5 April 11:45 AM RAK Bank board appoints new member
Abu Dhabi – Mubasher: RAK Bank’s board has appointed Kantic Dasgupta as a new member to replace Allan Griffiths, according to a press release. The new appointment will be presented to the general meeting for ratification.
One of Doha Insurance's meetings (Photo Credit: Mubasher)
5 April 08:57 AM Doha Insurance appoints new CEO
Doha – Mubasher: Doha Insurance Company has appointed Jassim Ali Abdulrahman Al Moftah as CEO, according to a bourse statement. The new CEO will start his work as of 9 April.
Ooredoo's headquarter (Photo Credit: Arabianeye-Reuters)
5 April 08:42 AM Ooredoo Maldives appoints new CEO
Abu Dhabi – Mubasher: Ooredoo Maldives announced the appointment of Najib Khan as CEO to replace Vikram Sinha, according to a statement. Sinha has been appointed the company’s managing director. Ooredoo Oman had previously appointed Ian Dench as …
Photo Credit: Arabianeye-Reuters
4 April 10:23 PM Weqaya BOD recommends capital cut
Riyadh - Mubasher: The board of directors (BOD) of Weqaya Takaful Insurance and Reinsurance has recommended increasing the company’s capital through the issuance of bonus shares at SAR 600 million. According to the company’s statement to the Saudi …
Photo Credit: Company Website
4 April 10:17 PM SAMA approves Wafa Insurance capital cut
Riyadh - Mubasher: The Saudi Arabian Monetary Authority (SAMA) has approved the request of Saudi Indian Company for Cooperative Insurance (Wafa Insurance) to reduce its capital by SAR 833 million. The company in a statement to the Saudi Stock …
Photo Credit: Arabianeye-Reuters
4 April 04:16 PM Egytrans sets annual revenues target at EGP170m
By: Ahmed Allam Cairo - Mubasher: Egyptian Transport and Commercial Services Company (Egytrans) is targeting revenues of EGP 160 million in 2017, according to chairwoman Abir Leheta on Tuesday. Leheta added that Egytrans is targeting net profits …