Gulf Investment House (GIH`R)

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News

23 November 2022 04:45 PM GIH raises stake in Inovest to nearly 24%

Abu Dhabi - Mubasher: Kuwait-based Gulf Investment House (GIH), listed on Abu Dhabi Securities Exchange (ADX), increased its equity ownership in Inovest to 23.84%, according to a bourse filing. The listed firm purchased 25.55 million shares in …

Companies Investments

4 October 2022 01:21 PM GIH plans listing companies on ADX, Tadawul

Mubasher: Kuwait-based Gulf Investment House (GIH) aims to list three affiliate companies on the Abu Dhabi Securities Exchange (ADX) and another company on the Saudi Stock Exchange (Tadawul), Emirates News Agency (WAM) cited the company’s …

Companies Investments

12 April 2020 02:21 PM GIH reports 98% profit plunge in 2019

Mubasher: The net profit of Gulf Investment House (GIH) plunged by 98.3% during the fiscal year (FY) 2019, reaching KWD 219,763 when compared to KWD 13 million in 2018. The negative 2019 results are due to an extraordinary profit worth KWD 17.7 …

Financial Results

4 March 2020 01:15 PM GIH’s investments to rise after new acquisition

Mubasher: Investments by Gulf Investment House (GIH) will increase by KWD 528,545 following the acquisition deal concluded by its unit, Afkar Holding, of Al Watania Paper Products Company (Waper), a subsidiary of National Consumer Holding …

Mergers and Acquisitions

3 March 2020 10:38 AM Afkar Holding to buy NCHC’s unit at KWD 2m

Mubasher: The board of National Consumer Holding Company (NCHC) has accepted Afkar Holding’s offer to fully acquire Al Watania Paper Products Company (Waper) at a value of KWD 2.39 million.   The transaction's value includes a KWD 1.018 million …

Mergers and Acquisitions

1 March 2020 01:16 PM Afkar Holding in talks to acquire NCHC's unit

Mubasher: National Consumer Holding Company (NCHC) has received a letter of intent from Afkar Holding, a subsidiary of Gulf Investment House (GIH), to acquire Al Watania Paper Products Company (Waper). NCHC owns 99% of Waper's share capita, with a …

Mergers and Acquisitions

9 February 2020 00:09 PM GIH’s unit takes over food firm at KWD 800K

Mubasher: Afkar Holding, a subsidiary of Gulf Investment House (GIH), has entered into a share sale agreement to raise its stake in Light Food Company to 100% from 50%.   The acquisition deal is valued at KWD 800,000, according to a bourse …

Companies Investments

12 November 2019 04:39 PM GIH turns to losses in Q3-19

Mubasher: Gulf Investment House (GIH) has recorded losses of KWD 207,270 during the third quarter (Q3) of the year, compared with the same period in 2018. Meanwhile, profits declined by 66% in the first nine months of 2019, to KWD 282,900, down …

Financial Results

7 August 2019 09:18 PM GIH turns to loss in Q2-19

Mubasher: Gulf Investment House (GIH) turned to loss during the second quarter of 2019, according to a bourse statement released on Wednesday. The Boursa Kuwait-listed company incurred KWD 86,820 ($286,250) loss in Q2-19. On the other hand, GIH’s …

Financial Results

15 May 2019 10:55 AM GIH’s profit leaps 223% in Q1

Mubasher: Gulf Investment House (GIH) reported a 223.20% year-on-year rise in profits during the first quarter of 2019. GIH posted a profit of KWD 577,010 ($1.90 million) in Q1-19, compared to KWD 178,530 ($588,490) in Q1-18, according to a …

Financial Results

25 March 2019 10:13 AM GIH’s CEO steps down

Mubasher: Gulf Investment House (GIH) has approved the resignation of its CEO Bashar Nasser Altuwaijri. Altuwaijri will continue in his position until 30 May 2019, according to a statement to Boursa Kuwait on Monday. GIH further noted that the …

Board of Directors

24 March 2019 04:53 PM GIH’s profits surge to KWD 12.23m during Q4

Mubasher: Gulf Investment House (GIH) on Sunday said that profits skyrocketed to KWD 12.23 million ($40.35 million) in the fourth quarter of 2018, from KWD 368,000 ($1.21 million) in Q4-17. GIH turned profitable in fiscal year 2018 after …

Financial Results

13 February 2019 00:50 PM GIH Financing acquires 85% equity in GIH

Mubasher: Boursa Kuwait announced that GIH Financing Co has acquired a stake of 85.004% in Gulf Investment House (GIH) on Tuesday. According to the daily report of equity ownership, Mesaed AbdullahTammy Al Motary has exited his 19.97% stake in …

Companies Investments

5 February 2019 05:26 PM GIH buys KWD 1m equity in Future Kid Entertainment

Mubasher: Gulf Investment House (GIH) has purchased 11.72 million shares in Future Kid Entertainment and Real Estate, according to a bourse statement on Tuesday. GIH has bought 10.08% in the capital of Future Kid Entertainment at a value of 90 …

Trading Activities

27 January 2019 11:26 AM Boursa Kuwait suspends trading on Gulf Investment House

Mubasher: Boursa Kuwait announced that it has suspended trading on the shares of Gulf Investment House (GIH) until the completion of capital reduction procedures. The suspension decision is effective starting from Monday, 28 January, until …

Corporate Actions

13 December 2018 03:43 PM GIH nods to KWD 34m capital hike

Mubasher: The extraordinary general meeting (EGM) of Gulf Investment House (GIH) approved offsetting about KWD 343,090 as part of the accumulated losses as registered on 31 December 2017, according to a bourse statement on Thursday. GIH’s …

Corporate Actions

18 November 2018 00:48 PM GIH financials turn profitable in Q3, 9M

Mubasher: Gulf Investment House (GIH) achieved a profit of nearly KWD 639,650 ($2.11 million) in the third quarter of 2018 against losses of KWD 48,000 ($158,160) in the same period last year. From January to September 2018, GIH recorded profits …

Financial Results

8 October 2018 10:29 AM GIH inks swap deal with Gulf North Africa over equity in QInvest

Mubasher: Gulf Investment House (GIH) announced it has signed an asset swap agreement with Gulf North Africa Holding, according to a bourse disclosure on Monday. GIH will exit its one-million share equity in return for acquiring Gulf North …

Companies Investments

30 September 2018 02:48 PM CMA nods to GIH’s capital restructuring

Mubasher: The Capital Markets Authority (CMA) of Gulf Investment House (GIH) approved restricting the company’s KWD 16.42 million capital, according to a bourse filing on Sunday. The CMA agreed on the restructuring through offsetting about KWD …

Management Decisions

24 July 2018 10:58 AM GIH financials turn profitable in Q2, H1

Mubasher: Gulf Investment House (GIH) reported a positive turn in the income statements of the second quarter this year compared to losses incurred in Q2-17. GIH achieved profits of nearly KWD 21,210 ($70,160) in Q2-18 versus losses of around KWD …

Financial Results

8 July 2018 05:22 PM GIH incurs KWD 26,844 loss from swap deal

Mubasher: Gulf Investment House (GIH) on Sunday announced that it had signed a swap deal under which it exited its entire stake in both Durrat Marina and Bahrain Financial Harbour in return for obtaining an equity in Saudi Arabia's Gulf Real …

Corporate Actions

25 June 2018 10:41 AM GIH to consider capital hike 10 July

Mubasher: Gulf Investment House (GIH) will hold its ordinary general meeting (OGM) on 10 July to discuss offsetting part of its accumulated losses as registered on 31 December 2017 through the legal reserve of nearly KWD 343,090. The shareholders …

General Assembly

12 June 2018 02:47 PM KFH sells KWD 557,000 equity in GIH

Mubasher: Boursa Kuwait announced that Capital Investment, affiliated to Kuwait Finance House’s (KFH) portfolio, has sold 32.78 million shares in Gulf Investment House (GIH) for a total value of about KWD 557,360. The average selling price in this …

Companies Investments

11 June 2018 02:23 PM Sanad cancels deal with KFH on GIH’s stake

Mubasher: Sanad Holding Co announced that it has not reached an agreement with Kuwait Finance House (KFH) to purchase an equity of 20% in Gulf Investment House’s (GIH) capital. The company added that not reaching a final agreement with KFH means …

Companies Investments

29 May 2018 10:58 AM Sanad comments on acquiring KFH’s equity in GIH

Mubasher: Sanad Holding clarified that it has not signed a final agreement with Kuwait Finance House (KFH) to purchase the bank’s 20% stake in Gulf Investment House (GIH). Sanad has denied the news announced by Al Rai Newspaper on 27 May noting …

Management Decisions