Boubyan Bank (BOUBYAN)

Mubasher: The National Bank of Kuwait (NBK) and Kuwait Finance House (KFH) have signed a credit facility agreement worth KWD 1 billion with Kuwait Petroleum Corporation (KPC) to fund the KPC's capital expenditure. Under the agreement, the KFH …

Mubasher: Moody's Investors Service has maintained all the credit ratings of Boubyan Bank, with a 'Stable' outlook, according to the bank's disclosure to Boursa Kuwait on Wednesday. The credit rating agency has affirmed the bank's long-term …

Mubasher: The Board of Directors of Unicap Investment and Finance has approved the First Kuwaiti Company for Educational Services, one of its subsidiaries, to sign a credit facility agreement worth KWD 2.82 million with Boubyan Bank. The loan will …

Mubasher: Standard & Poor's Ratings (S&P) has downgraded the long-term credit rating of Boubyan Bank to ‘-A’ from ‘A’ and maintained a 'Stable' outlook. The agency affirmed the bank’s stand-alone credit profile (SACP) at ‘bbb’, according to a …

Mubasher: Aqar Real Estate Investments Company has obtained Murabaha credit facilities from Boubyan Bank for one year that could be extended. The loan will be rescheduled during three to six months, according to a bourse disclosure on Wednesday. …

Mubasher: Boubyan Bank’s extraordinary general meeting (EGM) has approved increasing the bank’s authorised, issued, and paid-up capital by 144.203 million shares at KWD 14.42 million, representing 5% of the capital. The capital hike will be …

Mubasher: The ordinary general meeting (OGM) of Boubyan Bank has approved the board’s recommendation concerning the distribution of cash dividends worth KWD 25.95 million or nine fils per share for the fiscal year ended 2019, representing 9% of …

Mubasher: Boubyan Bank announced the issuance of US dollar-denominated Sukuk worth $750 million. The issuance was oversubscribed by 6.12 times with orders reaching $4.59 billion. The high demand reflects investors’ confidence in Boubyan Bank’s …

Mubasher: Boubyan Bank announced that it has received approvals from around 39.5% of the Bank of London and The Middle East Holdings (BLME Holdings) shares for its acquisition offer. As of 27 January, Boubyan received valid approvals from 73.26 …

Mubasher: The net profits of Boubyan Bank grew by 12% year-on-year (YoY) at KWD 62.65 million ($206.98 million) during the fiscal year ended 31 December 2019 when compared to KWD 56.11 million ($185.37 million).   Earnings per share (EPS) …

Mubasher: Boubyan Bank has obtained the approval of the UK's Prudential Regulation Authority (PRA) to acquire Bank of London and The Middle East Holdings (BLME Holdings). The offer remains subject to the terms and conditions set in the takeover …

Mubasher: Moody's Investors Service has maintained Boubyan Bank’s baseline credit assessment at ‘ba1’ and its outlook as ‘Stable’. Meanwhile, the bank’s long-term and short-term deposits ratings were affirmed at ‘A3’ and ‘P-2’, respectively, …

Mubasher: Boubyan Petrochemical Company’s net profit climbed by 47.3% year-on-year in its second quarter ended 31 October 2019, the company’s bourse disclosure showed on Thursday. Boubyan profit came in at KWD 1.122 million ($3.7 million) in the …

Mubasher: Boubyan Bank has reached an agreement with Bank of London and The Middle East Holdings (BLME Holdings) regarding the conditions of its recommended all-cash offer to fully acquire BLME Holdings’ entire issued and to be issued ordinary …

Mubasher: Standard and Poor’s rating agency has assigned ‘A’ long-term credit ratings to Boubyan Bank, with a stable outlook. The bank’s anchor and stand-alone credit profile (SACP) was assigned ‘bbb’ rating, according to a bourse statement …

Mubasher: The National Bank of Kuwait (NBK) and the Kuwait Finance House (KFH) have jointly managed and issued a KWD 350 million ($1.2 billion) financing to the Kuwait Petroleum Corporation (KPC). The two banks were chosen by KPC to manage …

UAE – Mubasher: Emirates Water and Electricity Company (EWEC), a subsidiary of Abu Dhabi Power Corporation (ADPower), and Saudi Arabia's ACWA Power have announced the successful financial closing of the AED 3.19 billion Taweelah reverse osmosis …

Mubasher: The interim financial statements of Boubyan Bank showed a 12.3% year-on-year increase in profits during the third quarter of 2019. Year-on-year, the profits amounted to KWD 16.36 million ($53.93 million) in Q3-19, compared to KWD 14.57 …

Mubasher: Fitch Rating has affirmed all ratings of Boubyan Bank and Al Ahli Bank of Kuwait (ABK), with a ‘Stable’ outlook. The agency affirmed Boubyan Bank’s long-term issuer default rating (IDR) at ‘A+’, and the short-term IDRs at ‘F1’. The …

Mubasher: Moody’s Investors Service has reviewed the status of Boubyan Bank and issued a recent report affirming the ratings previously assigned, with a 'Stable' outlook. Moody’s affirmed Boubyan’s long-term deposits rating at ‘A3’, according to a …

Mubasher: United Real Estate announced that its subsidiary, United Building Co, has signed a contract with Boubyan Bank to renew and raise its credit facilities. The total value of this contract amounts to KWD 30.907 million which will be …

Mubasher: The governor of Kuwait’s central bank Mohammed Al Hashel approved for the National Bank of Kuwait (NBK) to reduce its stake in NBK-France’s capital to 80.32% from 85%. In addition, Al Hashel approved raising the NBK’s stake in Boubyan …

Mubasher: Boubyan Bank’s revenue is expected to grow 20% by 2020, a report by Arqaam Capital showed, according to Al-Anba newspaper. Arqaam Capital expected that the Kuwait-listed company’s revenue will reach KWD 183 million by 2020. Profit is …

Mubasher: Boubyan Bank has signed a preliminary agreement with Ripple.Net company for high-quality tech services in relations to money transfers. Under the agreement, the bank’s customers will be offered speed, secure, and safe service, according …

Mubasher: Boubyan Bank reported an 8.1% year-on-year increase in net profit during the second quarter of 2019, recording KWD 14.25 million ($47 million). The bank’s profit reached KWD 28.87 million in the first six months of the year, up 12.2% …