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10 April 11:13 PM

Sector News

The financial impact of this deal cannot be determined in the current time
13 March 2018 09:43 AM Osos Holding’s subsidiary inks $11.5m deal
Mubasher: Osos Holding Group Co announced that its subsidiary has signed a preliminary contract to purchase two residential buildings for a total value of KWD 3.435 million ($11.5 million). The financial impact of this deal cannot be determined in …
Companies Investments
Board members recommended a cash dividend of 15%
6 March 2018 10:20 AM Automated Systems FY17 profits shrink; 15% dividends proposed
Mubasher: Automated Systems reported a drop of 28.8% in profits during the fourth quarter of 2017 compared to the same period in the previous year. Earnings shrank to KWD 237,000 ($791,600) in Q4-17 from KWD 333,000 ($1.11 million) in Q4-16, …
Board of Directors
Osos will consider paying 10 fils per share as dividends for FY17
20 February 2018 00:22 PM Osos to consider paying 10 fils/shr dividends mid-March
Mubasher: Osos Holding Group Co will hold its ordinary general meeting (OGM) on Sunday, 11 March, to discuss the board’s recommendation of distributing 10% of capital as cash dividends for fiscal year 2017. Osos will consider paying 10 fils per …
Board of Directors
The board members recommended a cash dividend of 10%
5 February 2018 00:53 PM Osos financials turn profitable in Q4; profits drop in FY17
Mubasher: Osos Holding Group Co achieved a profit of nearly KWD 193,860 ($648,300) during the fourth quarter of 2017 against a loss of KWD 2.23 million ($7.5 million) in the same quarter last year. During fiscal year 2017, earnings shrank by 60.4% …
Financial Results
Mushrif Trading & Sultan Center are among the suspended companies
24 August 2017 04:25 PM Trading on 9 Boursa Kuwait stocks still suspended
Mubasher: Boursa Kuwait on Thursday announced that it will continue suspending trading on nine stocks for various reasons. The affected companies are Kuwait Bahrain International Exchange, Warba Insurance, Kuwait Gypsum Manufacturing and Trading, …
Trading Activities
Osos has a capital standing at KWD 10 million
7 August 2017 00:13 PM Board member sells 3.51m shares in Osos
Mubasher: Osos Holding Group Co said that its board member Ali Ahamad Al Omairy on 6 August sold about 3.51 million shares in Osos. The average price in this transaction stood at 124.6 fils per share, according to a bourse statement issued on …
Insider Trading & Treasury Stocks
Photo Credit: Arabianeye-Reuters
22 May 2017 03:11 PM National Investments denies CEO stake buy in Osos
Kuwait – Mubasher: National Investments has denied a recent article published in a local newspaper on Monday stipulating that the company’s CEO has purchased a stake in Osos Holding. National Investments clarified that the 95,000 shares bought in …
Companies Investments
Photo Credit: Arabianeye-Reuters
14 May 2015 00:30 PM Al-Safat Tec withholds FY14 dividends, erases losses
By: Ahmad AwadKuwiat-Mubasher: Al-Safat Tec Holding’s ordinary general meeting (OGM) approved freezing dividends for the fiscal year 2014.The OGM agreed on offsetting losses by KWD 5.7 million so that accumulated losses stand at KWD 13.17 million …
Company News
Photo Credit: Arabianeye-Reuters
5 May 2015 10:53 AM Hayat Communications stock rises 7.4% on future deals
Hayat Communications’ stock increased 7.4% to 58 fils at 11 am (Kuwait local time) on Tuesday, in conjunction with the company’s announcement of signing new agreements to boost its financials in 2015.Trades on Hayat stock reached its highest level …
Trading Activities
Photo Credit: Arabianeye-Reuters
4 May 2015 01:18 PM Hayat OGM approves no dividends for FY14
Hayat Communications’ ordinary general meeting (OGM) agreed on the board’s recommendation of withholding dividends for the fiscal year 2014.Kuwait Stock Exchange noted that Hayat’s extraordinary general meeting was postponed.The communications …
Company News
Photo Credit: Arabianeye-Reuters
30 April 2015 10:46 AM Future Q1 earnings up 21.8%
Future Communications Global recorded a growth of 21.8% in its earnings of the first quarter of 2015, posting about KWD 281,600 ($932,200) compared to around KWD 213,200 ($705,800) in Q1-14.The company’s earning per share increased to 3.48 fils in …
Financial Results
Photo Credit: Arabianeye-Reuters
21 April 2015 11:09 AM Hayat shareholders to consider dividend freeze 4 May
Hayat Communications’ ordinary and extraordinary general meetings will consider on 4 May the board’s recommendation of freezing dividends for the fiscal year ended 31 December, 2014.The meetings will include amending some articles of association …
Financial Results
Photo Credit: Arabianeye-Reuters
19 April 2015 10:43 AM Future Communications to pay 15 fils/shr
Future Communications Global’s ordinary general meeting agreed on distributing a cash dividend of 15% or 15 fils per share for the fiscal year 2014.Future’s earnings stood at about KWD 776,700 ($2.6 million) in 2014 compared to nearly KWD 812,300 …
Financial Results
Photo Credit: Arabianeye-Reuters
5 April 2015 09:09 AM Al-Safat Tec subsidiary to expand school for $7.3m
Al-Marefa Exemplary Company, a subsidiary of Al-Safat Tec Holding Company, will handle the expansion works of Cambridge English School for a total of KWD 2.21 million ($7.3 million).The financial impact of such project will reflect on the …
Company News
Photo Credit: Arabianeye-Reuters
1 April 2015 03:06 PM Automated Systems inks $53.5m deal
Automated Systems Company has signed an agreement with Kuwait Airways for KWD 16.12 million ($53.5 million) to provide infrastructure services.The contract duration is for five years starting on Wednesday, 1 April.Revenues of the contract will be …
Company News