Al Madina for Finance and Investment

Mubasher: A wholly-owned subsidiary of Al Madina for Finance and Investment has sold a 7% stake in 55%-owned Tatweer Capital Real Estate Company in exchange for KWD 1.98 million ($6.5 million). The transaction will generate expected profits of …

Mubasher: Ekttitab Holding, listed on the Dubai Financial Market (DFM) and Boursa Kuwait, has sold its 99% capital share of one of its subsidiaries 'Arabian Pen Educational Company' at a total value of KWD 450,000. Arabian Pen Educational Company …

Mubasher: Net losses of Al Madina for Finance and Investment narrowed by 23% on an annual basis in the fiscal year ended 31 December 2019 to KWD 2.11 million ($6.94 million) from KWD 2.72 million ($8.95 million). Loss per share amounted to 5.41 …

Mubasher: The losses of Al Madina for Finance and Investment deepened by 880.6% on an annual basis during the third quarter ended 30 September 2019. The losses hiked to nearly KWD 386,080 ($1.27 million) over the 2019 period when compared to about …

Mubasher: Al Madina for Finance and Investment announced that a court has ruled in its favour in a KWD 1.575 million ($5.2 million) case of a selling contract nullity, according to a bourse filing. The court ruling has annulled the contract and …

Mubasher: Al Madar Finance and Investment signed last Thursday a settlement deal that covers $1.5 million (KWD 456,000) worth of dues to creditors. The Boursa Kuwait-listed company noted that it would achieve a profit of $375,000 ($114,000) as a …

Mubasher: Al Madina for Finance and Investment’s losses declined by 42% year-on-year during the first quarter of 2019. Losses incurred by Kuwait- and Dubai-listed company sank to KWD 884,350 ($2.92 million) in Q1-19 from KWD 1.52 million ($5.01 …

Mubasher: Boursa Kuwait announced that the deputy chairperson of Al Madina for Finance and Investment has sold 43,000 shares in the company which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM). Abdullraouf Tawfeeq Abd Al …

Dubai – Mubasher: A new group of five companies double-listed on the Dubai Financial Market (DFM) and other markets denied on Thursday their exposure to  the ailing private equity firm Abraaj Group, once one of the developing world’s influential …

Mubasher: Al Madina for Finance and Investment will hold its board meeting on Wednesday, 20 June, to dismiss its CEO from carrying out the tasks in his position. Al Madina’s current CEO is Youssef Mousa Abdullah Abdulalrazzaq, according to a …

Mubasher: Al Madina for Finance and Investment suffered a loss of KWD 1.52 million ($5.05 million) in the first quarter of 2018 against profits worth KWD 1.3 million ($4.32 million) in the same period of the previous fiscal year, according to a …

Mubasher: Al Madina for Finance and Investment suffered losses of KWD 476,000 ($1.59 million) during the fourth quarter of 2017 against a profit worth KWD 372,000 ($1.24 million) in the same period a year ago. Al Madina, which is listed on both …

Kuwait – Mubasher: Al Madina for Finance and Investment on Wednesday said in turned to losses in the second quarter of 2017, against profits in the year-ago period. Losses reached KWD 652,440 ($2.16 million) in Q2-17, against profits of KWD 1.2 …

Kuwait – Mubasher: Al Madina for Finance and Investment reported a growth of 182.7% in profits during the first quarter of 2017, compared to the same period of 2016. The earnings increased to KWD 1.3 million ($4.26 million) in Q1-17 from around …

Mubasher: The Abu Dhabi Judicial Department has issued a ruling in favour of Al Madina against N&H Company and Hassan Tatanaki. Al Madina, which is listed on both Boursa Kuwait and Dubai Financial Market, will be paid AED 99.01 million ($26.95 …

Mubasher: The court of appeal in Abu Dhabi has rejected a request regarding a ruling previously issued in favor of Al Madina for Finance and Investment, which is listed on both of Boursa Kuwait and Dubai Financial Market (DFM), and a subsidiary. …

Kuwait – Mubasher: Al Madina for Finance and Investment has settled debts due by the subsidiary, Sarh Capital Real Estate Co, to a bank. The settlement deal has value standing at $16.29 million or KWD 4.9 million, according to a bourse filing …

Kuwait – Mubasher: Al Madina for Finance and Investment posted a fall of 127% in profits during the third quarter of 2016 as compared to the same period a year ago. Net earnings shrank to nearly KWD 633,431 ($2 million) in Q3-16 from KWD 2.354 …

Kuwait – Mubasher: Al Madina for Finance and Investment achieved a 64.7% increase in profits during the second quarter of 2016 as compared to the same period of a year earlier. Earnings grew to KWD 1.2 million ($3.98 million) in Q2-16 from about …

Kuwait – Mubasher: Al Madina for Finance and Investment Company posted on Wednesday a net profit of KWD 460,000 ($1.52 million) for the first quarter of fiscal 2016, against net losses of KWD 2.07 million ($6.85 million) in Q1-15. The shift to …

Kuwait-Mubasher: Al Madina for Finance and Investment suffered losses worth KWD 5.82 million ($19.24 million) in the fourth quarter of 2015, 178.5% higher from KWD 2.09 million ($6.91 million) in the same period of 2014. The company, which is …

Kuwait-Mubasher: Al Madina for Finance and Investment said that the court of appeal in Abu Dhabi has issued a final judgment, entitling the company, a subsidiary and an associate to an amount of AED 88 million to be paid by N&H Company and Hassan …

Kuwait-Mubasher: Al-Joman Center for Economic Consultancy said that Kuwait Stock Exchange showed ten equity changes during the week ended 4 February, as Kuwait Investment Authority increased its stake in Warba Bank by 1.2% to 25.2% from 24%. …