Event

Photo Credit: Arabianeye-Reuters
23 April 03:01 PM National Cinema to discuss financial results late April
Mubasher: Kuwait National Cinema will hold its board meeting to review the financial statements of the first quarter ended 31 March 2017, according to a bourse filing issued on Sunday. During fiscal year 2016, National Cinema posted a decline of …
Photo Credit: Arabianeye-Reuters
23 April 02:15 PM Boursa Kuwait to close on Isra and Mi'raj holiday
Mubasher: Boursa Kuwait announced that Thursday, 27 April, will be an official holiday on the occasion of Isra and Mi'raj. The stock market will resume working on Sunday, 30 April, according to a bourse statement issued on Sunday. The Central Bank …
(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: 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 …
One of Mazaya Qatar's general meetings (Photo Credit: Mubasher)
23 April 08:25 AM Mazaya Qatar to disclose Q1 results late April
Doha – Mubasher: Mazaya Qatar Real Estate Development will announce on 26 April its financial statements for the first quarter of 2017, according to a bourse statement. The company's general profits amounted to QAR 74.63 million in 2016, down …
Total approved dividends amount to KWD 4.2 million for FY16 (Photo Credit: Arabianeye-Reuters)
23 April 08:17 AM Gulf Cable to discuss annual dividends 10 May
Kuwait – Mubasher: Gulf Cable and Electrical Industries said its shareholders will discuss on Wednesday, 10 May, 20% dividends for fiscal year 2016, according to a bourse statement. Total approved dividends amount to KWD 4.2 million for FY16. The …
Photo Credit: Arabianeye-Reuters
22 April 02:43 PM Tadawul awaits major events this week
Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events next week, between 23 and 27 April, led by the bourse’s decision to amend the transactions settlement cycle. The Saudi Stock Exchange …
(Photo Credit: Ministry of Oil & Gas official Twitter account)
20 April 05:11 PM Oman plans IPO of public energy companies
By: Amr Adel Abu Dhabi – Mubasher: Oman is planning to offer the shares of some government-owned energy companies to public subscription in the Muscat Securities Market (MSM), the minister of oil and gas Mohammed Bin Hamad Al Rumhi said. This …
(Photo Credit: Arabianeye-Reuters)
20 April 03:02 PM UAE’s TAQA to sell North American assets – COO
By: Amr Adel Abu Dhabi – Mubasher: Abu Dhabi National Energy Co (TAQA) is planning to sell several oil wells in North America due to their high costs and the company’s continued losses, TAQA’s acting chief operating officer (COO) said. Speaking on …
(Photo archive)
20 April 02:49 PM Petroleum producers may be forced to extend output cut – Al-Falih
By: Amr Adel Abu Dhabi – Mubasher: Petroleum producing countries would be obliged to extend the output cut deal, the Saudi energy minister said at the 3rd GCC Petroleum Media Forum. Khalid Al-Falih added that there is a rising consensus concerning …
(Photo Credit: UAE Ministry of Energy website)
20 April 01:29 PM UAE does not oppose return of shale oil - Minister
By: Amr Adel Abu Dhabi – Mubasher: The return of shale oil will not threaten the markets, but it may impede market rebalance attempts, the UAE minister of energy, Suhail Al Mazroui, said. Shale oil will not be able to cover the world’s growing …
One of Bank of Sharjah's branches (Photo Credit: Bank website)
20 April 11:56 AM Bank of Sharjah to discuss dividends
Abu Dhabi – Mubasher: Bank of Sharjah said its shareholders will discuss on Thursday, 20 April, the board’s recommendation to distribute 7.66% cash dividends for fiscal year 2016, according to a bourse statement. Total proposed dividends amount to …
(Photo archive)
20 April 10:54 AM Chemanol to discuss dividend freeze for 2016 on 18 April
Riyadh – Mubasher: Methanol Chemical Company (Chemanol) will hold its extraordinary general meeting (EGM) on 18 April to discuss the board’s recommendation to not distribute dividends for 2016. The company said that the decision aims to support …
(Photo archive)
20 April 09:33 AM Al Othaim Markets to distribute SAR 2/shr dividends for 2016
Riyadh - Mubasher: The extraordinary general meeting (EGM) of Abdullah Al Othaim Markets approved the distribution of cash dividends for 2016. The company will distribute dividends at SAR 2 per share or 20% of the par value, totalling SAR 90 …
(Photo Credit: Company Website)
20 April 07:40 AM GFH prepones board meeting to 2 May
Dubai – Mubasher: GFH Financial Group said its board meeting has been preponed to Tuesday, 2 May, from Thursday, 11 May, according to a bourse statement. The board will discuss the financial results for the first quarter of 2017.
(Photo Credit: Arabianeye-Reuters)
19 April 06:27 PM Project Qatar 2017 to be held in May
Doha - Mubasher: Project Qatar will hold the 14th International Trade Exhibition for Construction Technology, Building Materials, Equipment and Environmental Technology from 8 to 11 May 2017 at the Doha Exhibition and Convention Center (DECC). …
(Photo Credit: Company website)
19 April 05:03 PM Union Properties postpones OGM over incomplete quorum
By: Amr Adel  Dubai – Mubasher: Union Properties (UP) on Wednesday announced that its ordinary general meeting (OGM) has been postponed to Wednesday, 26 April due to a lack of quorum. Shareholders present in Wednesday’s meeting represented 42.9% …
(Photo Credit: Press Release)
19 April 03:13 PM KSA’s Dar Al-Arkan lists $500m sukuk on Nasdaq Dubai
Dubai – Mubasher: Dar Al-Arkan Real Estate Development Company announced ringing the market bell to celebrate the listing of a $500 million sukuk on Nasdaq Dubai, the Saudi company’s chairman Yousef Bin Abdullah Al-Shelash said on Wednesday. This …
UAE energy minister Suhail Al Mazroui (Photo Credit: UAE energy ministry website)
19 April 12:38 PM OPEC to discuss deal extension in May – UAE minister
By: Amr Adel Abu Dhabi – Mubasher: The Organization of Petroleum Exporting Countries (OPEC) is scheduled to meet in Vienna next month to discuss the results of implementing the oil output reduction deal, UAE energy minister Suhail Al Mazroui said …
(Photo Credit: Company website)
19 April 11:24 AM Manazel new projects exceed AED 4bn - Chairman
By: Amr Adel Abu Dhabi – Mubasher: Manazel Real Estate launched new projects worth over AED 4 billion, the company’s chairman on the sidelines of Cityscape Abu Dhabi said, adding that these projects will be completed within two to four years. …
(Photo Credit: Company website)
19 April 08:01 AM Union Properties to discuss 8% bonus shares Wednesday
Dubai – Mubasher: Shareholders at Union Properties (UP) will meet on Wednesday to discuss a bonus share distribution representing 8% of capital for 2016. The distribution will be carried out at an 8-for-100 ratio. UP last reported AED 211.42 …
Photo Credit: Arabianeye-Reuters
18 April 03:28 PM Al Kout Industrial to discuss 50% dividends early May
Mubasher: Al Kout Industrial Projects will hold its ordinary general meeting (OGM) on 2 May to consider distributing 50% of capital as cash dividends for fiscal year 2016. The company will pay 50 fils per share to the entitled shareholders, with …
Photo Credit: Arabianeye-Reuters
18 April 02:32 PM Ajwan rights issue to start late April
Mubasher: Ajwan Gulf Real Estate said that the rights issue for raising its capital will be from 23 April to 7 May, according to a bourse statement issued on Tuesday. The company clarified that the rights issue regarding the surplus of …
(Photo Credit: Arabianeye-Reuters)
18 April 12:42 PM Arabtec shareholders OK continuity, capital hike
By: Amr Adel Dubai – Mubasher: Shareholders at Arabtec Holding’s ordinary general meeting (OGM) on Tuesday approved the decision to continue with the company’s operations as well as the developments to the firm’s capital restructure programme. …
The Egyptian Exchange (Photo credit: Mubasher)
18 April 12:30 PM GGCC shareholders to discuss capital hike 1 May
Cairo - Mubasher: Giza General Contracting and Real Estate Investment Company (GGCC) will hold an extraordinary general meeting (EGM) on 1 May to discuss raising the capital by EGP 41.3 million via distributing 0.25 bonus share for each ordinary …