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06 March 05:03 AM

Sector News

Net profits of Mezzan were down by 19% in 2019
10 May 2020 02:18 PM Mezzan approves 15 fils/shr dividends for 2019
Mubasher: Mezzan Holding Company’s annual general meeting (AGM) approved distributing 15 fils per share to shareholders as cash dividends for fiscal year (FY) 2019. Over 2019, Mezzan inked two key transactions; the first was the acquisition of a …
General Assembly
Mezzan suffered higher losses by 220.9% in Q4-19
9 April 2020 09:45 AM Mezzan’s earnings down 19% in 2019; dividends proposed
Mubasher: The net profits of Mezzan Holding Company were down by 19% during the fiscal year (FY) 2019, reaching KWD 5.6 million ($18.17 million) when compared to KWD 6.9 million ($22.43 million) in 2018.  The drop in profit is attributed to …
Board of Directors
The vessel’s price is expected to be paid over the week
23 March 2020 00:40 PM Livestock Transport receives Ocean Shearer vessel
Mubasher: Livestock Transport and Trading Company said that the ‘Ocean Shearer’ vessel arrived in Kuwait to join the company’s naval fleet. The vessel’s price is likely to be paid over the week to Ocean Shearer, a Singapore-based company owned by …
Companies Investments
Livestock Transport will supply a GCC firm with livestock
17 March 2020 09:15 AM Livestock Transport wins KWD 4.5m tender
Mubasher: Livestock Transport and Trading Company was awarded a tender worth KWD 4.55 million ($14.77 million) to supply livestock to a GCC company. The supply will take place over the second quarter (Q2) of 2020, according to a bourse statement …
Companies Investments
Operating revenue reached KWD 60.7 million last year.
16 February 2020 00:03 PM Livestock Transport turns to KWD 1.2m profit in 2019; sales up 33%
Mubasher: Livestock Transport and Trading has turned profitable at KWD 1.2 million ($3.85 million) in the fiscal year ended on 31 December 2019, against a loss of KWD 3.5 million ($11.64 million) in the previous year. Earnings per share (EPS) …
Financial Results
Mezzan Holding achieved KWD 9.14 million profits in 9M-19
24 December 2019 01:31 PM Kuwaiti Mezzan acquires majority stake in Saudi firm
Mubasher: Boursa Kuwait-listed Mezzan Holding Company raised its stake in Saudi-based Mezzan Foods Company to 99%. Through one of its subsidiaries in Saudi Arabia, Mezzan signed a KWD 1.2 million agreement to acquire 29% stake in the Saudi company …
Companies Investments
Livestock Transport recorded about KWD 99,3100 profits
23 December 2019 05:51 PM Livestock Transport inks KWD 16m deal to buy Ocean Shearer vessel
Mubasher: Livestock Transport and Trading has signed a KWD 16 million ($53 million) contract with Ocean Shearer, a Singapore-based company owned by livestock export company Wellard Ships, to purchase the vessel ‘Ocean Shearer’. The contract is …
Companies Investments
The tender covers supplying livestock to a Gulf company
17 December 2019 11:43 AM Livestock Transport wins KWD 5.9m tender
Mubasher: Livestock Transport and Trading was awarded a tender for a value of $19.438 million (KWD 5.9 million), the company said in a Tuesday bourse filing. The received tender covers supplying livestock to a Gulf company during the first quarter …
Company News
Danah Al Safat posted KWD 1.74 million worth of losses in H1-19
13 November 2019 05:28 PM Danah Al Safat incurs KWD 5m losses in 9M
Mubasher: Danah Al Safat Foodstuff reported an increase of 286.5% in losses to KWD 3.24 million ($10.69 million) during the third quarter of 2019 when compared to about KWD 838,290 ($2.77 million) in the same quarter a year earlier. During the …
Financial Results
Loss declined to KWD 1.23m in Q3
7 November 2019 09:06 PM Livestock Transport’s loss goes down in Q3-19
Mubasher: Livestock Transport and Trading has reported a 36.22% year-on-year loss decline during the third quarter of 2019. Loss declined to KWD 1.23 million ($4.06 million) in Q3-19, from KWD 1.93 million ($6.37 million) in Q3-18, according to a …
Financial Results
Photo Archive
7 November 2019 10:42 AM Mezzan profits rise 50% in Q3
Mubasher: Mezzan Holding Company reported a 50% growth in profits during the third quarter (Q3) of the year, as shown by the company’s financial statements. Profits amounted to KWD 1.83 million ($6.04 million) in Q3-19, up from KWD 1.22 million …
Financial Results
The import process will take place during Q4-19
20 October 2019 09:51 AM Livestock Transport inks KWD 1.2m contract with Gulf firm
Mubasher: Livestock Transport and Trading signed a $4.005 million (KWD 1.22 million) agreement with a Gulf company on importing livestock. The import process will take place during the fourth quarter of 2019, according to a filing to Boursa Kuwait …
Company News
The Kuwaiti company incurred losses of KWD 1.547 million in Q2
10 October 2019 05:30 PM Danah Al Safat Foodstuff inks deal to sell Edafco
Mubasher: Danah Al Safat Foodstuff announced that it has signed a contract to sell the Egyptian Dairy and Foodstuff Co. (Edafco). The sale amount will be received after finalising the transfer of the ownership of shares with the official entities …
Companies Investments
Boursa Kuwait suspended the trading starting 2 October
8 October 2019 11:11 AM Danah Al Safat’s stock to resume trading on Wednesday – Boursa Kuwait
Mubasher: Boursa Kuwait announced that trading on Danah Al Safat Foodstuff’s stock will be resumed on Wednesday, 9 October 2019. The bourse’s decision to put the stock back for trading followed the completion of the firm’s capital cut procedures, …
Trading Activities
Danah Al Safat will be back to trading on 9 October
1 October 2019 01:10 PM Boursa Kuwait suspends trading on Danah Al Safat
Mubasher: Boursa Kuwait announced a trading halt of Danah Al Safat Foodstuff’s stock as of Wednesday, 2 October 2019, until Tuesday, 8 October. The suspension is based on the decision taken by Danah Al Safat’s ordinary general meeting’s (OGM) to …
General Assembly
A previous meeting of Danah Al Safat
8 September 2019 05:05 PM Danah Al Safat nods to 10% capital cut, dividends
Mubasher: The shareholders of Danah Al Safat Foodstuff have approved on Sunday to reduce the capital by 10.19% to KWD 12.168 million from KWD 10.928 million. The capital cut will be executed by trimming the accumulated losses of nearly KWD 239,504 …
General Assembly
The transaction is expected to be concluded within two months of date
4 September 2019 10:12 AM Mezzan Holding to acquire 29% of Saudi Mezzan Foods
Riyadh – Mubasher: Mezzan Holding Company announced that it has entered into a shares purchase agreement (SPA) with a subsidiary of Al Faisaliah Group for the acquisition of 29% stake in Mezzan Foods Company, based in Saudi Arabia. Mezzan Holding …
Mergers and Acquisitions
6 August 2019 04:20 PM Mezzan Holding logs 7% YoY profit hike in H1-19
Mubasher: Mezzan Holding has reported a 7% year-on-year increase in net profit during the first six months of 2019, recording KWD 7.3 million ($23.99 million). The company’s revenue grew by 5.1% to KWD 115 million in H1-19, compared to the …
Financial Results
KSPIC will be a subsidiary of Mezzan
6 August 2019 03:32 PM Mezzan Holding finalises $69m acquisition
Mubasher: Mezzan Holding on Tuesday announced the finalisation of the acquisition of 66.99% of Kuwait Saudi Pharmaceutical Industries Company (KSPIC) in consideration of KWD 20.96 million ($69.02 million). KSPIC will be a subsidiary of Mezzan as …
Companies Investments
Profits amounted to KWD 667,100 in Q2-19
4 August 2019 03:45 PM Livestock Transport turns to profits in Q2
Mubasher: Livestock Transport and Trading, listed on Boursa Kuwait, reported it has turned to profits for the second quarter of 2019 as compared to the same quarter a year earlier. Profits amounted to KWD 667,100 ($2.2 million) in the three-month …
Financial Results
The Kuwaiti firm suffered losses of KWD 1.547 million
4 August 2019 11:37 AM Danah turns to losses in Q2
Mubasher: Danah Al Safat Foodstuff announced turning into losses during the second quarter of 2019. The Kuwaiti firm suffered losses of KWD 1.547 million ($5.09 million) in the three-month period ended 30 June, against a profit of KWD 44,227 …
Financial Results
Danah Al Safat's capital will become KWD 10.93 million
18 June 2019 11:44 AM Danah Al Safat proposes capital cut, offsetting losses
Mubasher: The board members of Danah Al Safat Foodstuff have recommended a capital reduction of KWD 1.24 million. Danah Al Safat’s board has also submitted its proposal to the Capital Markets Authority (CMA) to offset the accumulated losses as …
Company News
Danah Al Safat has received a purchase offer from Alteco Company
26 May 2019 02:51 PM Danah Al Safat’s board agrees in principle to sell 2 firms for KWD 950,000
Mubasher: The board of Danah Al Safat Foodstuff agreed in principle to sell its stakes in two companies with a total value of KWD 950,000 ($3.13 million), the company said in a statement to Boursa Kuwait on Sunday. On Thursday, the company …
Company News
Lebanon’s F&B Co. offers to buy Danah's 100% stake in Edafco
23 May 2019 11:44 AM Danah receives $3.2m offers for stakes in Light Food, Edafco
Mubasher: Danah Al Safat Foodstuff announced receiving two offers to acquire its stakes in Light Food Company and Egyptian Dairy and Foodstuffs (Edafco). The Kuwaiti company has received a purchase offer from Alteco Company to buy its entire stake …
Mergers and Acquisitions
Net losses amounted to KWD 197,600 in Q1-19
16 May 2019 00:30 PM Danah Al Safat narrows Q1 losses by 21%
Mubasher: Danah Al Safat Foodstuff posted a 21.2% year-on-year drop in losses for the first quarter of 2019. Net losses amounted to KWD 197,600 in Q1-19, compared to KWD 250,780 in Q1-18, according to a filing to Boursa Kuwait on Thursday. The …
Financial Results