Amwal International Investment

Mubasher: Amwal International Investment achieved a 20% annual decline in net profits in the fiscal year ended 31 December 2019.   The profits slid to KWD 488,454 (approx. $1.61 million) last year from KWD 607,618 (approx. $2 million) in the …

Mubasher: The subsidiary of Amwal International Investment, NCM Investment Co., has entered into a contract to sell its stake in its UAE-based subsidiary for KWD 1.9 million ($6.27 million). The process of transferring shares is pending …

Mubasher: The board of Amwal International Investment approved to transfer the portfolio accounts to its subsidiary, NCM Investment, during its meeting on Monday, 7 October. The transfer will not result in any material impact on the financial …

Mubasher: Amwal International Investment announced that its subsidiary Noor Capital Markets for Financial Brokerage Co. has obtained the investment portfolio manager licence from the Capital Markets Authority (CMA) of Kuwait. The three-year …

Mubasher: Amwal International Investment Company reported a 68% year-on-year surge in profits in the first quarter of 2019. Amwal International’s profits reached KWD 293,110 ($966,430) during Q1-19, up from KWD 174,410 ($575,060) in Q1-18, …

Mubasher: Amwal International Investment on Wednesday said it has signed a one-year financing contract with its 51% subsidiary Noor Capital Markets for Financial Brokerage Co. Under the deal, Amwal will pump KWD 90,000 in its unit, subject to …

Mubasher: Amwal International Investment has achieved a positive turn in both quarterly and annual financial statements of 2018 when compared to the corresponding periods in the prior year. In the fourth quarter of FY18, Amwal recorded a profit …

Mubasher: Amwal International Investment announced that its board members approved the offers presented to sell assets in the company’s investment portfolio, including Al Shamel International Holding and other companies. The board members of …

Mubasher: Amwal International Investment has elected a new board of directors for the coming three years, according to a bourse disclosure on Thursday. The Boursa Kuwait-listed company has named Badr Al Rezaihan as the new chairman, with the …

Mubasher: Amwal International Company on Sunday announced the resignation of all of its board members on the back of the acquisition of an acquisition of a majority stake in the company’s shares by UAE-based SHUAA Capital. The company will call …

Dubai – Mubasher: SHUAA Capital on Wednesday announced the completion of acquiring 128.03 million shares of the Kuwait-based Amwal International Company. The Dubai-based company currently owns an 87.22% stake, 157.47 million shares, of the Kuwaiti …

Mubasher: Boursa Kuwait announced on Thursday that the procedures required for acquiring the shares of Kuwait’s Amwal International Investment by the UAE Shuaa Capital. Completing the takeover procedures followed the Capital Markets Authority’s …

Mubasher: Amwal International Investment said that it is expected for the UAE-based Shuaa Capital to own about 87.22% of the issued and paid-up capital of Amwal when the acquisition is completed. As Kuwait’s Capital Markets Authority (CMA) …

Dubai – Mubasher: SHUAA Capital on Sunday announced becoming a majority shareholder in Kuwait’s Amwal International Investment Company. Shareholders owning 128.025 million shares in Amwal, and representing 70.91% of capital, responded to the …

Mubasher: Amwal International Investment achieved a profit of KWD 86,000 ($284,300) during the second quarter of 2018 against losses worth about KWD 36,700 ($121,300) in the same quarter of 2017. During the first half of 2018, Amwal International …

Mubasher: Amwal International Investment on Tuesday said that its board members had discussed the acquisition offer proposed by Shuaa Capital during a meeting held in the previous day. Shuaa Capital intends to purchase all the remaining shares in …

Mubasher: Shuaa Capital intends to purchase 151.10 million shares in Amwal International Investment at a total value of KWD 9.82 million ($32.5 million). This stake represents all the remaining shares that are not owned by Shuaa in Amwal, …

Mubasher: The Capital Markets Authority (CMA) of Kuwait has approved the document proposal submitted by the UAE Shuaa Capital for an optional acquisition of the Kuwaiti company Amwal International Investment, according to a bourse filing on …

Dubai – Mubasher: Shuaa Capital has announced that the Central Bank of Kuwait (CBK) approved its request to fully acquire the Kuwaiti company Amwal International Investment. Shuaa will commence the procedures required to finalise the deal pursuant …

Mubasher: Kuwait-based Amwal International Investment has announced the signing of an initial agreement with SHUAA Capital that may lead to the takeover of the Kuwaiti firm, a statement to Boursa Kuwait released. By the end of April, SHUAA stated …

Dubai – Mubasher: Shuaa Capital has announced that it signed a preliminary agreement to acquire Kuwait’s Amwal International Investment Company. Shuaa obtained Central Bank of Kuwait’s (CBK) approval to conclude the transaction, according to a …

Mubasher: Amwal International Investment has suffered a loss of nearly KWD 25,510 ($85,320) during the fourth quarter of 2017 against profits worth around KWD 287,440 ($961,410) in the same quarter a year ago. During fiscal year 2017, the Boursa …

Mubasher: Amwal International Investment on Sunday said that it has received SHUAA Capital’s offer to buy 100%, or at least 75%, stake in the Kuwait-listed company. Amwal and SHUAA, the Dubai-based financial services provider, are in talks to …

Mubasher: The stock of Amwal International Investment has topped the winners at Boursa Kuwait by 12:15pm Kuwait time on Wednesday. Amwal went up 19.75% or 6.4 fils to reach 38.8 fils; the highest level registered in two months. A total of 6.4 …