Sector News

Mubasher: Danah Al Safat Foodstuff on Thursday reported a 101.3% year-on-year hike in losses for the fourth quarter of 2017 to KWD 4.77 million ($15.96 million), compared to KWD 2.37 million ($7.93 million) in Q4-16. Net loss stood at around KWD …

Mubasher: Mezzan Holding Co registered a decrease of 29.7% in profits during the fourth quarter of 2017 compared to the same period in the prior year. Earnings shrank to KWD 2.84 million ($9.48 million) in Q4-17 from KWD 4.04 million ($13.49 …

Mubasher: Danah Al Safat Foodstuff announced that it has received the last instalment from selling its stake in F&B Venture Holding – Lebanon. This instalment is worth $3.323 million or about KWD 994,730, according to a bourse statement on Sunday. …

Mubasher: The ordinary general meeting (OGM) of Danah Al Safat Foodstuff approved on Thursday, 15 February, to decrease its capital by 48.48%. Danah Al Safat will shrink its capital by KWD 14 million to KWD 14.875 million from KWD 28.875 million …

Mubasher: Livestock Transport and Trading reported a plunge of 90% in profits during the fourth quarter of 2017 compared to the same period a year ago. Earnings shrank to KWD 133,000 ($444,400) in Q4-17 from KWD 1.33 million ($4.44 million) in …

Mubasher: Livestock Transport and Trading was awarded a tender to supply livestock to a Gulf company. The tender is worth KWD 47.88 million ($14.4 million), according to a bourse statement on Thursday. The supply process will be in the first two …

Mubasher: Boursa Kuwait announced that the results of reviewing the Kuwait-15 index as registered on 30 November will be implemented after the closing session of Thursday, 21 December. Early in December, Boursa Kuwait said that four listed …

Mubasher: Danah Al Safat Foodstuff Company said that it had received Kuwait's Capital Markets Authority (CMA) approval for reducing the company’s capital by 48.5%. The company's capital will be cut by KWD 14.88 million to KWD 14.88 million from …

Mubasher: Kuwait Food – Americana on Thursday said its profits levelled down 18.7% year-on-year in the third quarter of 2017. Profits stood at KWD 16.65 million ($55.13 million) in Q3-17, compared to KWD 20.48 million ($67.81 million) in Q3-16, …

Mubasher: Mezzan Holding Company reported a 10.5% decline in profits for the third quarter of 2017, according to a bourse filing. Quarterly financial statements showed that profits totalled KWD 2.8 million ($9.27 million) in Q3-17, compared to KWD …

Mubasher: Kuwait Food – Americana announced that it will withdraw from Boursa Kuwait on 23 April 2018, according to a bourse statement issued on Monday. This decision is in compliance with the ordinary general meeting’s (OGM) approval on 5 June to …

Mubasher: The commissioners council at the Capital Markets Authority (CMA) in Kuwait has approved Kuwait Food – Americana’s request to voluntarily withdraw from Boursa Kuwait. Americana’s stocks that are available for trading represent 6.57% of …

Mubasher: Danah Al Safat Foodstuff on Wednesday has transferred its stake in F&B Venture Holding – Lebanon to Al Miqat Incorporation, according to a bourse statement issued on Thursday. The Kuwaiti company, Danah Al Safat has received $44.3 …

Mubasher: Mezzan Holding board of directors bought 50,000 of the company’s stocks through Fatma Investment for General Trading during Sunday’s session. Deputy chairman of Mezzan Holding Mohamed Jasim Al Wazzan is the manager and co-owner of Fatma …

Kuwait – Mubasher: Kuwait Food – Americana on Tuesday announed a 27.6% increase in its profits for the second quarter of 2017, compared to the year-ago period. Profits stood at KWD 11.52 million ($38.25 million) in Q2-17, compared to KWD 9.03 …

Mubasher: The income statements of Mezzan Holding registered a plunge of 58.1% in profits during the second quarter of 2017 compared to the same period a year ago. Earnings shrank to KWD 2.02 million ($6.68 million) in Q2-17 from KWD 4.82 million …

Kuwait – Mubasher: The ordinary general meeting (OGM) of Kuwait Food – Americana approved paying 615% of capital as dividends for fiscal year 2016. The company will pay 615 fils per share to the entitled shareholders, according to a bourse …

Kuwait – Mubasher: Danah Al Safat Foodstuff has sold its stake in F&B Venture Holding, according to a filing to Boursa Kuwait on Thursday. The financial impact of the transaction is the same as announced at the end of March, namely a loss of KWD …

Kuwait – Mubasher: Kuwait Food – Americana on Thursday announced that it will amend the board’s recommendation of distributing dividends on the entitled shareholders. The amendments follow the new trading rules recently set by Boursa Kuwait and …

Kuwait Food - Americana reported 4% decrease in its quarterly earnings, posting KWD 17.32 million ($57.12 million) in Q1-15 compared to KWD 18.03 million ($59.47 million) in Q1-14.Americana’s earnings per share fell to 44 fils in Q1-15 from 46 …

Kuwait Stock Exchange’s equity ownership saw changes in three companies on 10 May, as General Organization for Social Insurance increased its stake in Kuwait International Bank (KIB) to 9.130% from 7.970%.Moreover, the social insurance …

National Slaughter House shareholders agreed on paying 13% cash dividends or 13 fils per share for the fiscal year 2014.The Kuwait-based company will begin trading ex-dividend on Monday, according to a bourse filing. Slaughter House’s earnings …

Shareholders of five KSE-listed companies are waiting for major actions to take place on 14 April, as the ordinary general meeting (OGM) of Acico Industries will discuss the board’s proposal to distribute 15% cash dividends and 5% bonus …