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19 April 02:05 AM

Sector News

The auction started with a preliminary price of 710 fils
4 April 2018 04:45 PM Boubyan Petrochemical wins Al Kout’s shares auction
Mubasher: Boursa Kuwait announced that the procedures for selling 21.9 million of Al Kout Industrial Projects’ shares have completed. Boubyan Petrochemical has won the auction, according to a bourse statement on Wednesday. The auction started with …
Trading Activities
Boubyan Petrochemical owns the largest stake of 24.8% in Al Kout
4 April 2018 10:43 AM Al Kout to offer 21.7% of capital for sale in auction
Mubasher: Boursa Kuwait announced that an auction will be held on Wednesday to offer 21.7% of Al Kout Industrial Projects’ capital for sale. Al Kout will offer 21.9 million of its shares for sale at a premium price of 710 fils each, with a total …
Companies Investments
The increase in FY17 profits is attributed to higher sales
26 March 2018 10:12 AM Al Kout FY17 profits grow 6.5%; dividends proposed
Mubasher: Al Kout Industrial Projects posted a decline of 57.4% in profits to KWD 677,000 ($2.26 million) during the fourth quarter of 2017 compared to KWD 1.59 million ($5.31 million) in the same period a year ago. During fiscal year 2017, the …
Cash Dividends
The transaction was executed at an average value of 722.6 fils per share
22 March 2018 00:27 PM Mubarak Al Dabbous buys stake in Boubyan Petrochemical
Mubasher: Boubyan Petrochemical announced that its board member, Khalid Al Ameer, representing Mubarak Al Dabbous Sons General Trading and Contracting Co, has purchased about 415,000 shares in Boubyan Petrochemical on Wednesday. The transaction …
Trading Activities
The deal was executed at a value of 700.49 fils per share
20 March 2018 00:53 PM Board member buys stake in Boubyan Petrochemical
Mubasher: Boubyan Petrochemical said that its board member, Khalid Al Ameer, representing Mubarak Al Dabbous Sons General Trading and Contracting Co, has purchased about 882,460 shares in Boubyan Petrochemical. The purchasing transaction was …
Trading Activities
This sum represents 9% from Equate Petrochemical and Kuwait Olefins’ overall capital
19 March 2018 10:33 AM Boubyan Petrochemical to get KWD 30.5m from subsidiaries’ dividends
Mubasher: Boubyan Petrochemical announced that its share from the cash dividends approved by its subsidiaries Equate Petrochemical Co and The Kuwait Olefins Company are estimated at KWD 30.59 million ($101.31 million). This sum represents 9% from …
General Assembly
Losses shrank to KWD 988,000 ($3.3 million) in Q4-17
15 March 2018 02:35 PM Kuwait Foundry FY17 financials turn profitable; dividends proposed
Mubasher: Kuwait Foundry reported a decrease of 77.4% in losses during the fourth quarter of 2017 compared to the same period in the prior year. Losses shrank to KWD 988,000 ($3.3 million) in Q4-17 compared to KWD 4.38 million ($14.63 million) in …
Board of Directors
Earnings shrank to about KWD 101,300 ($337,900) in Q3
14 March 2018 04:55 PM Boubyan Petrochemical Q3 profits narrow 78%
Mubasher: Boubyan Petrochemical registered a plunge of 78.1% in the third quarter ended on 31 January 2018 compared to the same period in the previous year. Earnings shrank to about KWD 101,300 ($337,900) in Q3 ended on 31 January 2018 compared to …
Financial Results
Napesco’s capital stands at KWD 10 million
11 March 2018 04:35 PM Qurain Petrochemical continues to buy stake in Napesco
Mubasher: Qurain Petrochemical Industries has purchased 4,539 shares in the National Petroleum Services (Napesco) during Thursday’s session. This equity is valued at about KWD 3,630 or 800 fils per share, according to a bourse statement on Sunday. …
Trading Activities
Al Kout’s capital stands at KWD 10.09 million
5 March 2018 11:33 AM Afkar Holding quits from Al Kout’s board
Mubasher: Al Kout Industrial Projects said that Afkar Holding has submitted its resignation from Al Kout’s board of directors, according to a bourse statement on Monday. Following this resignation which will be effective starting from 21 February, …
Corporate Actions
Napesco has a capital of KWD 10 million
7 February 2018 03:52 PM Qurain Petrochemical buys stake in Napesco for 784 fils/shr
Mubasher: Qurain Petrochemical Industries has purchased about 64,440 shares in National Petroleum Services (Napesco) during Tuesday’s trading session. On a bourse statement on Wednesday, the purchase transaction was executed at an average price of …
Trading Activities
Boubyan Petrochemical owns a stake of 82.09% in Educational Holding
1 February 2018 04:13 PM Boubyan Petrochemical buys equity in Educational Holding
Mubasher: Boursa Kuwait said that it executed a transaction on Boubyan Petrochemical regarding purchasing about 440,380 shares in Educational Holding Group. The average price for purchasing the shares stood at 313.2 fils each at a total value of …
Stock Evaluations
Qurain Petrochemical's stock closed Wednesday’s session 0.59% lower
31 January 2018 05:35 PM Qurain Petrochemical to restructure $50m debt
Mubasher: Qurain Petrochemical Industries has reached an agreement with a local bank to restructure part of its debts, the company disclosed it a bourse filing on Wednesday. Qurain Petrochemical will restructure $50 million debts, while …
Companies Investments
Earnings decreased to KWD 5.47 million ($18.3 million) in Q3-17
28 January 2018 03:54 PM Qurain Petrochemical profits in Q3 shrink 10.2%
Mubasher: Qurain Petrochemical Industries reported a decline of 10.2% in profits during the third quarter ended on 31 December 2017 compared to the same period ended on 31 December 2016. Earnings decreased to KWD 5.47 million ($18.3 million) in …
Financial Results
Qurain Petrochemical noted that it did not receive any acquisition offers.
22 January 2018 11:31 AM Boursa Kuwait resumes trading on Qurain Petrochemical, NAPESCO stocks
Mubasher: Boursa Kuwait resumed trading on the stocks of Qurain Petrochemical Industries and The National Petroleum Services Company (NAPESCO) after denying news about acquisition from US entity on NAPESCO. By 8:45 am Kuwait time, the bourse …
Management Decisions
No financial impact will be registered in the company’s profile
18 January 2018 04:13 PM Boubyan Petrochemical invests in retail sector
Mubasher: Boubyan Petrochemical has invested KWD 13.65 million in a limited liability company, according to a bourse filing on Thursday. The company in which Boubyan Petrochemical has pumped investments is in the retail segment. Boubyan clarified …
Companies Investments
The stock trading volume reached 693,800 shares
3 January 2018 00:32 PM Boubyan Petrochemical hits all-time high in more than 3yrs
Mubasher: Boubyan Petrochemical’s stock on Wednesday rose 3%, or 20 fils, to 690 fils, registering its highest level since more than three years by 12:03 pm Kuwait time on Boursa Kuwait. The stock trading volume reached 693,800 shares, through 25 …
Trading Activities
Qurain Petrochemical closed Sunday’s session 0.62% lower
24 December 2017 04:30 PM Qurain Petrochemical seals deal to refund $120m debts
Mubasher: Qurain Petrochemical Industries has reached an agreement with two local banks to refinance part of its current debts valued at $120 million with better funding conditions. The Boursa Kuwait-listed firm is in negotiations with other banks …
Companies Investments
Dividends will be cashed on 20 December
13 December 2017 05:06 PM Kuwait's QPIC to receive $7m from SADAFCO’s dividend distributions
Mubasher: Qurain Petrochemical Industries Company (QPIC) announced that its stake in Saudia Dairy and Foodstuff Company’s (SADAFCO) is 40.11% and it will receive from its unit cash dividends at a value of KWD 2.1 million (SAR 26 million) which …
Corporate Actions
The primary value for this acquisition deal is worth $17.6 million
13 December 2017 03:58 PM Al Kout inks KWD 5.3m takeover deal
Mubasher: Al Kout Industrial Projects has signed an agreement to acquire an integrated materials company with a limited liability, according to a bourse filing disclosed on Wednesday. The primary value for this acquisition deal is worth KWD 5.3 …
Companies Investments
Boubyan has acquired 25.132% of Educational’s equity
11 December 2017 05:09 PM Boubyan Petrochemical seals takeover of Educational’s stake
Mubasher: Boursa Kuwait announced that Boubyan Petrochemical’s compulsory acquisition of a stake in Educational Group Holding has completed on Monday. Boubyan has acquired 25.132% of Educational’s equity representing 61.65 million shares, …
Mergers and Acquisitions
Net operating profit grew by 16.3% to KWD 2.5 million
11 December 2017 09:20 AM Boubyan Petrochemical profit rises 34% in 6M
Mubasher: Boubyan Petrochemical reported a growth of 34% in profits during the six months ended on 31 October 2017 compared to the same period in the prior year. Profits increased to KWD 1.2 million ($3.98 million) in the six months of 2017 …
Financial Results
Qurain Petrochemical closed Sunday’s session 0.63% lower
10 December 2017 05:03 PM Qurain Petrochemical in talks with banks on debts
Mubasher: Qurain Petrochemical Industries announced that it has started negotiations with local and foreign banks to apply diversity to its business as well as receiving the best financing conditions to settle the company’s current debts. Entering …
Banking and Finance
Boubyan Petrochemical owns a 56.67% stake in Educational
23 November 2017 00:35 PM National Investments operates takeover of Educational
Mubasher: National Investments Co has collected 61.64 million of Educational Holding Group’s shares that represent 25.13% of the total issued shares. The value of the collected shares is KWD 18.98 million, Al Qabas Newspaper said, according to a …
Trading Activities
Al Kout achieved a growth of 30.7% in profits
14 November 2017 04:50 PM Al Kout Q3 profits grow on higher sales
Mubasher: Al Kout Industrial Projects posted a growth of 37.4% in profits during the third quarter of 2017 compared to the same period in the prior year. Earnings grew to KWD 1.8 million ($5.96 million) in Q3-17 from KWD 1.31 million ($4.34 …
Financial Results