Sector News

Mubasher: Yiaco Medical Company turned to a net profit of KWD 229,605 ($734,670) over the fiscal year (FY) ended on 31 December 2019, against a loss of KWD 7.85 million ($25.12 million) in 2018. The realised annual profits are attributed to lower …

Mubasher: Advanced Technology Company (ATC) has inked a deal with Kuwait National Petroleum Company (KNPC) to supply Al Zour refinery's project with laboratory equipment.   The deal is valued at KWD 2.739 million and will be matured in a period of …

Mubasher: Advanced Technology (ATC) signed a tender contract worth KWD 1.411 million to supply and install devices and an automation system to connect secondary blood bank centres with the Ministry of Health’s headquarters.        The deal carries …

Mubasher: Yiaco Medical Company has completed capital cut procedures to amortise its entire accumulated losses worth KWD 24 million as registered in the period ended 31 December 2019.   Following a reduction of KWD 16.47 million, the new capital …

Mubasher: Advanced Technology Company (ATC) announced the signing of tender contracts totalling KWD 3.7 million with a ministry and a university in Kuwait. The company has inked a tender contract worth KWD 1.41 million with the Kuwaiti Ministry of …

Mubasher: Yiaco Medical Company has entered into a land purchase agreement in Al Ardiya Kuwait at a value of KWD 5.500 million. Spanning a total area of 4,012.5 square metres, the land will be used as an administrative headquarters and a main …

Mubasher: The shareholders of Yiaco Medical Company approved amortising the company’s accumulated losses amounting to KWD 24.007 million during its extraordinary general meeting (EGM) on Tuesday. The decision, reached by a majority vote, also …

Mubasher: Al Maidan Dental Clinic (MIDAN) has posted a 15% year-on-year profit decline during the second quarter of the fiscal year 2019/2020. The company’s profit declined to KWD 1.3 million in Q2-19/20, compared to KWD 1.5 million in the …

Mubasher: Advanced Technology (ATC) has reported a 70.87% year-on-year profit decline during the third quarter of the fiscal year 2019. The company’s profit dropped to KWD 508,330 ($1.68 million) in Q3-19, compared to KWD 1.75 million ($5.77 …

Mubasher: Yiaco Medical Company reported KWD 28,170 in profits during the third quarter (Q3) of the year, versus losses of KWD 1.28 million ($4.22 million) for the same period last year. In the first nine months of 2019, profits amounted to KWD …

Mubasher: Yiaco Medical Company announced its response on what was reported by newspapers regarding the trading halt on the firm’s stock for one year. The news said that the mentioned suspension is attributed to Yiaco Medical’s non-commitment to …

Mubasher: Boursa Kuwait announced that it has suspended trading on the stocks of Tamkeen Holding Co and Ream Real Estate Co as they had not submitted the financial statements for the period ended on 30 June 2019. Moreover, Ithmaar Holding and …

Mubasher: Boursa Kuwait announced that it has suspended the trading activity of three listed-companies for various reasons. On Sunday, Boursa Kuwait stated on its official website that it has suspended Al Kout Industrial Projects’ stock from …

Mubasher: Yiaco Medical Company turned to profitability during the second quarter of 2019, recording KWD 98,980 ($326,070) profit. In the first six months of 2019, Yiaco’s profit reached KWD 203,100, according to a company statement released on …

Mubasher: The shareholders of Al Maidan Dental Clinic approved the board’s recommendation of distributing 7% of the capital as cash dividends for the fiscal year ended 31 March 2019. The Boursa Kuwait-listed company will pay a total of KWD 1.75 …

Mubasher: Al Maidan Dental Clinic (MIDAN) reported a 57% year-on-year increase in its profits for the fourth quarter of 2018. Net profits stood at KWD 885,040 million ($2.92 million) in Q4-18, compared to KWD 564,670 ($1.86 million) in Q4-17, …

Mubasher: Yiaco Medical Company’s board of directors recommended trimming capital by KWD 16.48 million to KWD 1.71 million from KWD 18.19 million to amortise KWD 24.01 million accumulated losses as of 31 December 2018. The loss amortisation will …

Mubasher: Yiaco Medical Company reported a 37% year-on-year drop in profits during the first quarter of 2019. The firm’s profits hit KWD 104,000 ($343,400) in Q1-19, down from KWD 165,000 ($544,700) during Q1-18, according to a statement to Boursa …

Mubasher: Advanced Technology’s (ATC) ordinary general meeting (OGM) approved the board’s proposal to distribute KWD 2.25 million at 15 fils per share as cash dividends for the full fiscal year 2018. Dividends represent 15% of the stock’s par …

Mubasher: Boursa Kuwait has suspended trading activities on the stocks of Ithmaar Holding, Yiaco Medical, and Al Massaleh Real Estate. The suspension came after the losses of these firms surpassed 75% of their capital, the bourse said in a …

Mubasher: The board members of Yiaco Medical has recommended, to the executive board, setting a plan to reduce the capital, according to a recent bourse disclosure. It is noteworthy that Yiaco Medical’s capital stands at KWD 18.19 million …

Mubasher: Advanced Technology (ATC) on Sunday reported a 62.2% year-on-year decrease in profits during the fourth quarter of 2018. ATC’s profits reached KWD 1.06 million ($3.50 million) in Q4-18, down from KWD 2.79 million ($9.21 million) during …

Mubasher: Yiaco Medical incurred a loss of KWD 6.48 million ($21.4 million) during the fourth quarter of 2018, 489% higher than KWD 1.1 million ($3.6 million) losses in the same period a year ago.  During fiscal year 2018, Yiaco Medical posted a …