Gulf Franchising Holding (GFC`R)

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News

24 July 2019 09:57 AM Gulf Franchising’s losses narrow 6% in Q2-19

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 …

Financial Results

17 March 2019 11:09 AM Gulf Franchising losses shrink 82% in Q4

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 …

Banking and Finance

20 February 2019 05:34 PM Gulf Franchising incurs KWD 0.5m losses from evaluating asset

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 …

Real estate

14 October 2018 11:54 AM Automated Systems purchases Gulf Franchising’s stake in firm

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 …

Companies Investments

2 October 2018 05:56 PM Gulf Franchising sells entire equity in Al Nawadi

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 …

Companies Investments

10 September 2018 04:26 PM Gulf Franchising buys KWD 7m assets

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 …

Banking and Finance

6 September 2018 03:17 PM GFC’s board member buys 30m shares

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 …

Trading Activities

5 September 2018 11:42 AM Boursa Kuwait resumes trading on Gulf Franchising's stock Wednesday

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 …

Markets Regulations

30 August 2018 01:11 PM Boursa Kuwait suspends trading on 3 stocks

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 …

Trading Activities

30 July 2018 10:39 AM Trading on Gulf Franchising to be suspended end July

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, …

Stock Evaluations

22 July 2018 04:43 PM Trading on Gulf Franchising to be suspended end July

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 …

Stock Evaluations

9 July 2018 10:45 AM Gulf Franchising nods to capital cut to offset losses

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 …

Corporate Actions

28 May 2018 10:45 AM CMA nods to Gulf Franchising’s capital restructuring

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 …

Management Decisions

23 April 2018 11:19 AM Gulf Franchising incurs losses in Q1

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 …

Financial Results

19 March 2018 10:18 AM Gulf Franchising to offset losses, raise capital

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 …

Corporate Actions

13 March 2018 00:58 PM Gulf Franchising FY17 losses deepen 359%

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 …

Financial Results

19 February 2018 10:46 AM QIMC acquires United Development's stake in GFC

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 …

Mergers and Acquisitions

28 December 2017 00:24 PM Gulf Franchising offers 13.785% stake for sale

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 …

Insider Trading & Treasury Stocks

16 November 2017 00:19 PM Gulf Franchising incurs higher losses in Q3

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 …

Financial Results

17 October 2017 09:46 AM Gulf Franchising shareholders to elect new board Tuesday

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, …

Management Decisions

3 October 2017 05:19 PM Sanad owns stake in Gulf Franchising

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 …

Trading Activities

8 May 2017 08:35 AM Gulf Franchising profits grow 2,769% in Q1

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. …

Financial Results

6 April 2017 10:19 AM Gulf Franchising to be listed on Parallel Market

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 …

Board of Directors

13 March 2017 00:20 PM Gulf Franchising Q4 losses deepen

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 …

Board of Directors

5 March 2017 03:40 PM Gulf Franchising repays KWD 420,000

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 …

Companies Investments