Gulf Franchising Holding (GFC)

Mubasher: Gulf Franchising Holding reported a 5.6% year-on-year decline in losses during the second quarter of 2019. The company incurred losses of about KWD 67,810 (approximately $223,300) in Q2-19, versus nearly KWD 71,800 (around $236,400) in …

Mubasher: Gulf Franchising Holding registered a decline of 82.6% in losses during the fourth quarter of 2018 compared to the same period a year ago. Losses narrowed to about KWD 264,120 ($870,300) in Q4-18 from approximately KWD 1.52 million …

Mubasher: Gulf Franchising Holding received a report from an external real estate office to evaluate an investment asset related to the company, according to a bourse disclosure on Wednesday. The report showed a decrease of KWD 480,000 in the …

Mubasher: Automated Systems has signed a contract to purchase Gulf Franchising Holding’s equity in Franchise International General Trading. Gulf Franchising’s shares have a value of KWD 150,000 ($496,000). Following this acquisition, Automated …

Mubasher: Gulf Franchising Holding has completed a deal for selling the entire shares of Al Nawadi Holding Co., which is owned by Gulf Franchising and among the financial assets at fair value through profits and losses. The company clarified that …

Mubasher: Gulf Franchising Holding announced that its board members approved purchasing restaurants and companies at a combined value of KWD 7.07 million. The Kuwaiti firm will pay for these assets as KWD 3.05 million in cash, while the remaining …

Mubasher: Gulf Franchising Holding (GFC) on Thursday announced that its board member Abdullah Jassim Boodai has purchased around 30.5 million shares of the company’s capital through a subscription. The process took place on Tuesday, 4 September …

Mubasher: Boursa Kuwait on Wednesday announced that it has resumed trading on Gulf Franchising Holding's (GFC) shares on Wednesday.  The decision came after the Kuwaiti firm had completed its capital restructuring procedures, according to …

Mubasher: Boursa Kuwait announced that it has suspended the trading activity on the shares of Mushrif Trading and Contracting, Kuwait Bahrain International Exchange, and Gulf Franchising Holding, according to a bourse statement on Thursday. The …

Mubasher: Boursa Kuwait announced that trading activity on Gulf Franchising Holding will be suspended starting from Tuesday, 31 July 2018. This suspension will remain until Gulf Franchising completes the procedures of restructuring the company, …

Mubasher: Boursa Kuwait announced that trading on Gulf Franchising Holding will be suspended starting from Tuesday, 31 July. The stock exchanged clarified that this decision will be executed until Gulf Franchising completes the procedures of …

Mubasher: Gulf Franchising Holding on Monday announced that its shareholders had approved shrinking the capital by KWD 2.3 million to about KWD 949,880 from KWD 3.25 million during an ordinary general meeting (OGM) held the previous day.  The …

Mubasher: Gulf Franchising Holding was granted the Capital Markets Authority’s (CMA) approval to restructure its capital, according to a bourse statement on Monday. The company will call for holding an extraordinary general meeting (EGM) to …

Mubasher: Gulf Franchising Holding suffered a loss of nearly KWD 80,060 ($267,020) during the first quarter of 2018 against profits worth nearly KWD 513,860 ($1.71 million) in the same quarter of the previous year. The negative turn in Q1-18 …

Mubasher: The board members of Gulf Franchising Holding on Sunday decided to modify the recommendation of reducing and increasing the capital, as stated in a bourse filing on Monday. The board approved offsetting Gulf Franchising’s accumulated …

Mubasher: Gulf Franchising Holding incurred a loss of KWD 1.24 million ($4.14 million) during fiscal year 2017, 359.3 higher than KWD 270,000 ($900,740) losses in the previous year. Losses per share stood at 38.33 fils in FY17 compared to 8.33 …

Mubasher: Qatar Industrial Manufacturing Company (QIMC) on Monday announced that it has completed the purchase of United Development Company’s (UDC) stake in Gulf Formaldehyde Company (GFC). QIMC bought 400 shares of UDS’s stake in GFC, which …

Mubasher: Boursa Kuwait will hold an auction on Thursday, 28 December, to offer 4.48 million of Gulf Franchising Holding’s for sale. This equity represents 13.785% of the company’s capital, according to a bourse statement on Thursday. The premium …

Mubasher: Gulf Franchising Holding suffered a loss of nearly KWD 120,990 ($400,630) in the third quarter of 2017 compared to around KWD 105,700 ($350,000) in the same period last year, registering a year-on-year increase of 14.5%. During the first …

Mubasher: Gulf Franchising Holding will hold its ordinary general meeting (OGM) on Tuesday to elect new board members for the coming three years. This new board of directors will be a replacement to the members who resigned in early September, …

Mubasher: Sanad Holding Co has participated in the ownership equity of Gulf Franchising Holding, according to the closing session on 2 October. Sanad owns a share of 5.073% in Gulf Franchising’s capital, according to a bourse statement. Al Saham …

Kuwait – Mubasher: Gulf Franchising Holding (GFC) posted a 2,769.1% year-on-year rise during the first quarter of 2017, according to a bourse filing. Profits reached KWD 513,860 ($1.69 million) in Q1-17, compared to KWD 17,910 (58,710) in Q1-16. …

Mubasher: Gulf Franchising Holding has confirmed the news published in a local newspaper over listing the company on the Parallel Market instead of the official one, according to a bourse statement issued on Thursday. The board members recommended …

Mubasher: The losses of Gulf Franchising Holding widened to total about KWD 125,500 ($409,800) during the fourth quarter of 2016 from nearly KWD 5,400 ($17,600) in the same period of 2015. During fiscal year 2016, losses shrank by 14% to reach KWD …

Kuwait – Mubasher: Gulf Franchising Holding Company (GFC) on Sunday said it has repaid a sum of money as part of a debt settlement to one of its creditors. The repayment amounts to KWD 420,000 ($1.37 million) from a total of KWD 683,610 ($2.23 …