Board of Directors

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26 March 08:36 PM Golden Pyramids Plaza BOD approves capital hike
Cairo - Mubasher: The board of Golden Pyramids Plaza has approved raising the company’s capital by EGP 38.5 million to $577, paid by old shareholders through subscription. The company said in a statement to the Egyptian Exchange (EGX) on Sunday, …
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23 March 02:20 PM Kuwait Real Estate Q4 profits shrink 94.7%
Mubasher: The financial statements of Kuwait Real Estate showed a plunge of 94.7% in profits during the fourth quarter of 2016 as compared to the same period of 2015. Earnings shrank to KWD 73,000 ($239,080) in Q4-16 from KWD 1.38 million ($4.52 …
The reduction will be through the cancellation of 2.9 million shares - (Photo Credit: Arabianeye-Reuters)
22 March 04:48 PM Asharqiyah Development BOD recommends 39% capital cut
Riyadh - Mubasher: Asharqiyah Development announced that its board of directors (BOD) has recommended to reduce the company's capital by 38.80% from SAR 75 million to SAR 45.9 million. The number of shares before the cut will be reduced from 7.5 …
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22 March 03:24 PM Soor posts higher profits in Q4
Mubasher: Soor Fuel Marketing achieved a growth of 0.64% in profits to about KWD 590,810 ($1.93 million) during the fourth quarter of 2016, compared to nearly KWD 587,060 ($1.92 million) in the same period of 2015. During the fiscal year, earnings …
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22 March 03:09 PM Yiaco Q4 financials turn profitable
Mubasher: Yiaco Medical reported a profit of KWD 2.81 million ($9.2 million) during the fourth quarter of 2016 versus a loss of KWD 7.80 million ($25.5 million) in the same period of 2015. During the fiscal year, earnings amounted to nearly KWD …
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22 March 10:03 AM Al Mojil board members announce resignation
Riyadh – Mubasher: Four of Mohammed Al Mojil Group's board members resigned on Tuesday, approaching the company's final steps towards liquidation. Mohammed Al Qarni, Adel Al Jabarti, Salim Zamanan, and Suhail Simbawa have stepped down, according …
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20 March 04:20 PM Wafa Insurance BOD recommends 40% capital cut
Riyadh - Mubasher: The board of Saudi Indian Company for Cooperative Insurance (Wafa Insurance) has recommended reducing the company’s capital by 40.49% from SAR 205 million to SAR 122 million. The capital will be reduced by 1.215 shares for every …
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20 March 03:45 PM Advanced Petrochemical to distribute dividends Thursday
Riyadh - Mubasher: Advanced Petrochemical Company said that it will begin distributing cash dividends for the profits of the fourth quarter of 2016, at SAR 0.7 per share, starting Thursday 23 March. The company added in a statement to the Saudi …
The company's profits in 2016 totalled $5.2 million - (Photo Credit: Arabianeye-Reuters)
20 March 01:13 PM Naeem Holding OGM proposes cash dividends
Cairo - Mubasher: The ordinary general meeting (OGM) of Naeem Holding recommended the distribution of bonus shares for the year 2016, at 10% or one bonus share for every 10 original shares. The recommendation will be referred to the board of …
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19 March 03:24 PM Chubb Insurance recommends no dividends for FY16
Riyadh - Mubasher:  The board of Chubb Arabia Cooperative Insurance Company recommended not distributing cash dividends to shareholders for the last year, according to a bourse filing. The company said in a statement to the Saudi Stock Exhcnage …
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19 March 02:58 PM National International incurs losses in Q4
Mubasher: National International Holding suffered losses of KWD 334,000 ($1.1 million) during the fourth quarter of 2016 versus profits of nearly KWD 523,780 ($1.72 million) in the corresponding period of the prior year. During the fiscal year, …
Al Habbai will remain the chairman of Meraas Holding (Photo credit: Arabianeye - Reuters)
19 March 10:32 AM Sheikh Mohammed appoints Dubai Holding chairman
Dubai – Mubasher: Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum appointed Abdulla Al Habbai as the chairman of Dubai Holding, WAM news agency reported. Al Habbai will remain the chairman of Meraas Holding, the news agency added.
Ooredoo's headquarter (Photo Credit: Arabianeye-Reuters)
19 March 08:29 AM Ooredoo names new chief officers
Abu Dhabi – Mubasher: Ooredoo appointed Mansoor Rashid Al Khater as group chief strategy officer, according to a bourse statement. Hans Kuropatwa was also appointed as the group chief mergers and acquisitions (M&A) officer. The company also chose …
Ahmed Bin Khalifa - (Photo Credit: Press Release)
18 March 11:46 AM GFH Group elects new chairman
Mubasher: GFH Financial Group announced on Thursday that Sheikh Ahmed Bin Khalifa Al-Khalifa has been chosen as the new chairman, according to a press release. The company convened its first meeting in Abu Dhabi last Thursday for its new board of …
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17 March 03:16 PM Southern Cement to discuss H2-16 dividends on 20 April
Riyadh – Mubasher: Southern Province Cement’s board invited shareholders to attend the extraordinary general meeting (EGM) on 20 April. The EGM will vote on the board’s resolution to distribute cash dividends at SAR 2.25 for second half of 2016, …
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16 March 03:47 PM National Industries incurs losses in Q4, proposes dividend
Mubasher: National Industries suffered losses of KWD 2.72 million ($8.88 million) during the fourth quarter of 2016 against profits of KWD 884,000 ($2.89 million) in the same period of 2015. During the fiscal year, earnings decreased by 90.1% to …
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16 March 03:37 PM Tamdeen Investment proposes FY16 dividend
Mubasher: The board of Tamdeen Investment recommended distributing a cash dividend of 10% for fiscal year 2016, according to a bourse statement issued on Thursday. The company will pay 10 fils per share to the entitled shareholders. During the …
The company will distribute a total of SAR 2 billion in dividends
15 March 05:47 PM STC to distribute SAR1/shr dividends beginning May
Riyadh - Mubasher: Saudi Telecom Company (STC) revealed the date for the cash dividends distribution as 1 May 2017, according to a bourse filing. The dividends will be at SAR 1 per share for two billion eligible shares, the company said in a …
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15 March 04:05 PM Al Tawfeek Financial Lease to distribute EGP 0.4/shr
Cairo - Mubasher: The ordinary general meeting (OGM) of Al Tawfeek for Financial Lease approved the distribution of cash dividends to shareholders for 2016, at 40 piasters per share. The OGM also approved the annual financial results of last year, …
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15 March 01:58 PM Kuwait Cement Q4 profits rise, proposes dividends
Mubasher: Kuwait Cement achieved a growth of 43.5% in profits to KWD 4.29 million ($14.01 million) in the fourth quarter of 2016 from KWD 2.99 million ($9.8 million) in the same period of 2015. During the fiscal year, earnings increased by 1.04% …
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15 March 10:59 AM GASCO appoints new chairman, CEO
Riyadh – Mubasher: National Gas and Industrialization Company’s (GASCO) board appointed Mohammed Al Otaibi as new chairman. Earlier, the board accepted the resignation of the previous chairman Abdulkarim bin Hamad Al Nojaidi, according to a bourse …
(Photo Credit: Arabianeye-Reuters)
15 March 10:35 AM ATC posts lower profits in Q4, proposes dividends
Mubasher: Advanced Technology (ATC) posted a decline of 6.5% in profits during the fourth quarter of 2016, as compared to the same period of the previous year. Earnings shrank to KWD 2 million ($6.53 million) in Q4-16 from KWD 2.14 million ($6.99 …
(Photo Credit: Arabianeye-Reuters)
15 March 09:36 AM HEISCO profits surge in Q4; dividend proposed
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) achieved a growth of 95.4% in profits during the fourth quarter of 2016 as compared to the same period of 2015. Earnings increased to KWD 1.78 million ($5.81 million) in Q4-16 from …
(Photo Credit: Arabianeye-Reuters)
15 March 09:22 AM KCPC posts higher profits in Q4, proposes dividend
Mubasher: Kuwait Company for Process Plant Construction and Contracting (KCPC) achieved a growth of 33.1% in profits during the fourth quarter of 2016 as compared to the same period of 2015. Earnings increased to KWD 652,000 ($2.13 million) in …
Traders at Dubai's bourse (Photo Credit: Arabianeye-Reuters)
15 March 08:56 AM SHUAA Capital sees new board changes
Dubai – Mubasher: SHUAA Capital announced that Fahed Al Jouaan resigned from the board, effective as of the date of this notice, according to a statement. The company will appoint a new candidate to replace the resigned member.