Mubasher: Boubyan Bank achieved an increase of 17.8% in profits during the first quarter of 2017 compared to the same quarter in the prior year. Earning grew to KWD 12.56 million ($41.93 million) in Q-18 from KWD 10.66 million ($35.59 million) in …
Mubasher: National Bank of Kuwait (NBK) on Monday posted a 9.6% year-on-year growth in its profits for the first quarter of 2018. The lender's profits amounted to KWD 93.6 billion in Q1-18, compared to KWD 85.4 billion in the same quarter a year …
Mubasher: Kuwait Finance House (KFH) announced offering Menara Prestige tower, which is located in Kuala Lampur in Malaysia, for sale. The Kuwait-based firm is seeking to sell the grade A, 36-storey property with a value ranged between $181 …
Mubasher: The equity ownership movement registered in Boursa Kuwait showed that Al Ahli Bank of Kuwait (ABK) has increased its stake in Heavy Engineering Industries and Shipbuilding (HEISCO) by 5.51% during Monday’s session, 2 April. ABK has …
Mubasher: The ordinary general meeting (OGM) of Ahli United Bank – Kuwait (AUB Kuwait) approved on Sunday the board’s recommendation to distribute 13% and 5% of the capital as cash dividends and bonus shares, respectively, for fiscal year 2017. …
Mubasher: The ordinary general meeting (OGM) of the Commercial Bank of Kuwait (CBK) approved the board’s recommendation to distribute 18% of capital as cash dividends for fiscal year 2017. The Kuwait-based lender will pay 18 fils per share as …
Mubasher: Burgan Bank will distribute 7% of the capital as cash dividends and 5% bonus shares, upon the ordinary general meeting’s (OGM) approval. The Boursa Kuwait-listed bank will pay 7 fils per share dividends for FY17, in addition to …
Dubai – Mubasher: The UAE banking system has adjusted to the decrease in oil prices, which will enable it to back the nation's growth rate this year. Credit is still declining, recording a rise of 0.5% year-on-year in 2018, down from 11% …
Mubasher: Burgan Bank on Sunday announced it succeeded in closing a three-year syndicated loan worth $350 million (KWD 105 million) with a consortium of leading international and regional banks. The loan will be used for general financing, as the …
Kuwait - Mubasher: The ordinary general meeting (OGM) of Kuwait International Bank (KIB) has approved the board of directors’ recommendation to distribute cash dividends at 10 fils per share, equivalent to 10% of the company’s capital. The bank …
Mubasher: The financing portfolio of Warba Bank increased by 53%to register KWD 1.263 billion in fiscal year 2017 compared to KWD 828 million in the previous fiscal year, the deputy chairman of the bank, Bassel Al Haroun, said. Al Haroun clarified …
Mubasher: The ordinary general meeting (OGM) of Warba Bank approved the board’s recommendation of zero dividends for the fiscal year ended on 31 December 2017. The Kuwait-based bank has postponed its extraordinary general meeting (EGM) to 27 March …
Mubasher: The ordinary general meeting (OGM) of Kuwait Finance House (KFH) has approved the board’s recommendation to distribute 17% of capital as cash dividends for fiscal year 2017. The Islamic bank will pay 17 fils per share to the entitled …
Mubasher: Kuwait International Bank (KIB) announced that it has earmarked KWD 32 million in the funding provided to Kuwait Oil Tanker Co. This sum represents 22.8% of the overall KWD 140 million funding, according to a bourse statement issued on …
Mubasher: The extraordinary general meeting (EGM) of Boubyan Bank has approved increasing the authorised, issued, and paid-up capital by KWD 11.38 million. The Kuwait-based bank will raise its capital to KWD 238.85 million from KWD 227.47 million, …
Mubasher: The ordinary general meeting (OGM) of Al Ahli Bank of Kuwait (ABK) approved the board’s recommendation to distribute 12% of capital as a cash dividend for fiscal year 2017. The Kuwait-based lender will pay 12 fils per share as dividends …
Cairo – Mubasher: Ezdehar Egypt Mid-Cap Fund, Ezdehar Management’s affiliate, and NBK Capital Company, National Bank of Kuwait’s (NBK) unit, submitted two bids for acquiring a majority stake in Misr Café Company, Al Mal newspaper reported on …
Mubasher: The ordinary general meeting (OGM) of Boubyan Bank approved the board’s recommendation to distribute 7% of capital as cash dividends and 5% as bonus shares for the fiscal year 2017. The Kuwait-based lender will pay 7 fils per share as a …
Mubasher: The National Bank of Kuwait (NBK) has announced that the ordinary and extraordinary general assembly approved distributing 30% of cash dividends to the shareholders, equivalent to 30 fils per share. The bank will also distribute bonus …
Mubasher: Burgan Bank will hold its ordinary general meeting (OGM) on 28 March to discuss the board’s recommendation of distributing 7% of capital as a cash dividend for fiscal year 2017. Burgan’s board proposed paying 7 fils per share for FY17, …
Mubasher: The ordinary general meeting (OGM) of Gulf Bank of Kuwait (GBK) approved the board’s recommendation to distribute 9% of capital as cash dividends for fiscal year 2017. GBK will pay 9 fils per share dividends for FY17, an increase of 29% …
Mubasher: Kuwait International Bank (KIB) will hold its ordinary general meeting (OGM) on Saturday, 24 March, to discuss the board’s recommendation of distributing dividends for fiscal year 2017. The board members have proposed 10% of capital or …
Mubasher: Total value of real estate transactions in Kuwait amounted to KWD 2.5 billion ($ 7.5 billion) in 2017, a report by Kuwait Finance House (KFH) revealed. There were 5,280 transactions which were implemented in Kuwaiti real estate sector, …
Mubasher: Warba Bank clarified that the news article on raising the bank’s capital was not stated by Warba. Warba said that the bank was not informed about the source of this news article which was published in a local newspaper on Wednesday. …
By: Mohamad Farouk Mubasher: The income statements of 60 companies listed on Boursa Kuwait reported a decrease of 4.9% in profits during the fourth quarter of 2017 compared to the same quarter in 2016. Earnings of the total 60 firms declined to …