Acico Industries (ACICO) News - Mubasher Info
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24 March 12:12 PM

Acico Industries (ACICO`R)

Last update: 11:01 AM market time.
456.00
399.20
702.82%
Open 469.00
Previous Close 56.80
High 475.00
Low 451.00
Stock Statistics
Volume 626,338
Turnover 288,441.53
All data are 15 minutes late during market session

News

Profits stood at KWD 1.6 million in Q4-19
19 March 2020 10:50 AM Acico’s earnings up 12% in 2019; no dividends proposed
Mubasher: Acico Industries reported 11.5% higher net profit in 2019 at KWD 2.53 million ($8.18 million) when compared to KWD 2.26 million ($7.34 million) in 2018. In the fourth quarter (Q4) of 2019, the company’s earnings rose by around 14% to KWD …
Board of Directors
KMEFIC is a leading financial services company in the Kuwaiti market
31 December 2019 06:48 PM KMEFIC registered as market maker on Acico, Tamdeen
Mubasher: Boursa Kuwait approved to register Kuwait and Middle East Financial Investment (KMEFIC) as a market maker on the securities of Acico Industries and Tamdeen Real Estate Company. The market maker shall start performing its activity as of …
Company News
Profit grew to KWD 930,090 in 9M/19
13 November 2019 11:22 AM Acico Industries turns to profit in Q3-19
Mubasher: Acico Industries has turned to profitability during the third quarter of the fiscal year 2019. The company recorded a net profit of KWD 358,810 ($1.18 million) in Q3-19, according to a bourse statement released on Wednesday. In the first …
Financial Results
A previous meeting of Acico Industries
26 August 2019 01:01 PM Acico Industries nods to offer on owning real estate firm
Mubasher: The board of Acico Industries has approved in Sunday’s meeting the offer submitted to own the real estate company Aslan. Acico Industries will mandate the executive administration to study the presented offer as well as conducting the …
Real estate
Losses amounted to KWD 768,730 in Q2-19
5 August 2019 09:47 AM Acico Industries turns to losses in Q2
Mubasher: Acico Industries, listed on Boursa Kuwait, has reported it turned to losses in the second quarter of 2019 as compared to the same quarter of 2018. Losses amounted to KWD 768,730 ($2.53 million) in Q2-19, against profits of KWD 303,000 …
Financial Results
General assembly elected board members for a three-year term
20 March 2019 10:09 PM Acico’s general assembly OKs cash dividends, elects new board
Mubasher: Acico Industries’ general assembly on Wednesday approved a proposal for the distribution 5% of its capital in cash dividends for the year 2018. The company’s shareholders consented to the distribution of another 5% of its capital in …
Cash Dividends
Kuwait’s Acico Industries to sell 23% stake in unit
31 May 2018 11:48 AM Kuwait’s Acico Industries to sell 23% stake in unit
Mubasher: Acico Industries has announced signing a memorandum of understanding (MoU) to sell 30.23 million shares of its 70%-owned subsidiary Acico Construction at a value of KWD 18.14 million. The deal is not binding for the two parties until the …
Companies Investments
Acico Industries owns a stake of 75% in Acico Construction
27 May 2018 00:00 PM Acico Industries to sell equity in subsidiary
Mubasher: The board of Acico Industries approved last Thursday the selling of a stake in a subsidiary, Acico Construction. Acico’s board members have authorised the executive administration to sign a memorandum of understanding (MoU) to sell the …
Companies Investments
The ex-dividend date of these dividends will be on 10 May
11 March 2018 03:11 PM Acico Industries nods to FY17 dividends, bonus, capital hike
Mubasher: The ordinary general meeting (OGM) of Acico Industries approved the board’s recommendation of paying 10% of the capital as cash dividends or 10 fils per share for the fiscal year 2017. The approved cash dividends will total KWD 3.01 …
Management Decisions
The drop in profits is attributed to lower income from the estate sector
11 January 2018 05:43 PM Acico profits decline 29% in FY17
Mubasher: Acico Industries posted a drop of 61.8% in profits during the fourth quarter of 2017 compared to the same period last year. Earnings decreased to KWD 840,000 ($2.79 million) in Q4-17 compared to KWD 2.2 million ($7.31 million) in Q4-16, …
Financial Results
Acico Industries on Tuesday posted a 35.8% year-on-year drop in profits for the second quarter of 2017
25 July 2017 04:54 PM Acico Q2 profits decline 36% to KWD 745,000
Kuwait – Mubasher: Acico Industries on Tuesday posted a 35.8% year-on-year drop in profits for the second quarter of 2017, according to a bourse filing. The Kuwait-listed company achieved profits of KWD 745,000 ($2.46 million) in Q2-17, versus KWD …
Financial Results
Acico’s stock stabilised at 290 Kuwaiti fils on Tuesday (Photo Credit: Company Website)
2 May 2017 04:08 PM Acico posts higher profits in Q1
Kuwait – Mubasher: Acico Industries posted a year-on-year growth in profits by 0.78% for the first quarter of 2017, according to a bourse statement. Profits reached KWD 3.88 million ($12.68 million) in Q1-17, compared to KWD 3.85 million ($12.62 …
Financial Results
(Photo Credit: Arabianeye-Reuters)
16 April 2017 11:51 AM Acico unit to launch new cement production line
Kuwait – Mubasher: Acico Industries Co on Sunday said that one of its subsidiaries, Acico Construction Co, has launched a new cement production line with a production power exceeding 2 million tonnes annually. It is expected that the new line will …
Companies Investments
Photo Credit: Arabianeye-Reuters
6 April 2017 04:07 PM Acico nods to FY16 dividends, capital hike
Mubasher: The ordinary general meeting (OGM) and extraordinary general meeting (EGM) of Acico Industries approved distributing cash dividends and bonus shares for fiscal year 2016. The company will pay 15% cash dividends or 15 fils per share to …
Cash Dividends
Photo Credit: Arabianeye-Reuters
10 January 2017 05:33 PM Acico posts 8% fall in Q4 profits
Kuwait - Mubasher: The unaudited financial statement of Acico Industries showed a decline in profits by 8.3% in the fourth quarter of 2016, according to the company’s statement to Boursa Kuwait. Net profits reached KWD 2.2 million ($7.17 million) …
Cash Dividends
Profits reached about KWD 21,390 in Q3-16 (Photo Credit: Arabianeye-Reuters)
9 November 2016 04:06 PM Acico Q3 profits plunge 83% YoY
Kuwait – Mubasher: Acico Industries registered a drop of 83% in earnings during the third quarter of 2016 as compared to the same period in the past year. Profits reached about KWD 21,390 ($70,560) in Q3-16, compared with nearly KWD 125,450 …
Financial Results
Photo Credit: Arabianeye-Reuters
26 September 2016 00:49 PM Acico unit inks smart parking system deal
Kuwait – Mubasher: Acico Industries said that its subsidiary Acico Construction has signed an exclusive agent agreement on smart car parking system. The Kuwaiti firm will sign the deal with a European company specialised in this field, according …
Corporate Actions
the company earned KWD 5 million in H1 - Photo Credit: Company's Website
14 August 2016 10:58 AM ACICO’s Q2 profit down 39.5%
Kuwait – Mubasher: Acico Industries (ACICO) reported a 39.5% decline in the second quarter’s net profit, according to a bourse filing. The company registered KWD 1.15 million ($3.8 million) net profits in Q2, compared with KWD 1.9 million ($6.29 …
Financial Results
Acico will distribute 5% bonus shares (Photo Credit: Arabianeye-Reuters)
29 May 2016 05:25 PM Acico to distribute 20% cash dividends, bonus shares
Kuwait-Mubasher: Acico Industries’ ordinary general meeting (OGM) on Sunday has agreed to distribute 20% cash dividends and bonus shares of the capital for the fiscal year 2015. The shareholders approved the payment of 15% cash dividends or 15 …
Corporate Actions
Photo Credit: Arabianeye-Reuters
29 May 2016 10:11 AM Acico’s shareholders to consider dividends, capital increase
Kuwait-Mubasher: Acico Industries will hold its ordinary and extraordinary general meetings on Sunday to discuss the distribution of 10% cash dividends and 5% bonus shares for the fiscal year 2015, according to a bourse statement. The KSE-listed …
Corporate Actions
Photo Credit: Arabianeye-Reuters
24 March 2016 11:52 AM Kuwait’s Acico yields lower Q4 profits; dividends proposed
Kuwait-Mubasher: Acico Industries registered a decrease of 23.2% in profits year-on-year for the fourth quarter in 2014, the company said in a recent statement. The Kuwaiti shareholding firm posted earnings worth KWD 2.45 million ($8.11 million) …
Financial Results
Photo Credit: Arabianeye-Reuters
20 January 2016 02:14 PM Court orders Acico unit to pay KWD 1.62m
Kuwait-Mubasher: Acico Industries said that the court of cassation has ordered a subsidiary to pay KWD 1.62 million on back of a lawsuit in which the plaintiff is a person named “Adel Ahmed Al-Sayed.” Acico noted that the impact of executing the …
Law
Photo Credit: Arabianeye-Reuters
28 December 2015 01:38 PM Al Masaken International to exit unit for Acico
Kuwait-Mubasher: Al Masaken International Real Estate Development has agreed on selling its entire stake in Al Masaken United Real Estate to Acico Group for KWD 9 million, according to a bourse statement. Al Masaken International owns 43% in Al …
Mergers and Acquisitions
Photo Credit: Arabianeye-Reuters
12 November 2015 10:31 AM Industrial sales drive Acico’s profits to rise 16%
Kuwait-Mubasher: Acico Industries posted KWD 5.98 million ($19.65 million) earnings in the first nine months as compared to KWD 5.15 million in the same period of 2014, a growth of 16.1%. The company noted that increased sales of the industrial …
Financial Results
Photo Credit: Arabianeye-Reuters
29 July 2015 03:44 PM Acico profits climb 15.6% in H1
Kuwait – Mubasher: Acico Industries generated net profits of KWD 5.85 million in the first half of 2015, compared with KWD 5.06 million for the same period of 2014, a rise of 15.6%. The company posted net profits of KWD 1.9 million for the second …
Financial Results