Kuwait and Middle East Financial Investment (KMEFIC`R)

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News

24 May 2022 05:25 PM Kuwait’s KMEFIC acquires majority stake in Egypt’s Global Invest Securities

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) has acquired 75% equity in Egypt’s Global Invest Securities Company. KMEFIC acquired the Egyptian firm in exchange for approximately EGP 7 million, according to a recent bourse …

Companies Investments

1 June 2020 09:25 AM KMEFIC’s CEO resigns

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) announced that the company’s CEO, Adel Fahad Al Humaidhi, had recently submitted his resignation. The resignation is effective as of 1 June, according to a stock exchange statement on …

Board of Directors

17 February 2020 04:10 PM Al Thekair seals full acquisition of KMEFIC

Mubasher: Kuwait’s Capital Markets Authority (CMA) announced the completion of the mandatory acquisition of Al Thekair General Trading & Contracting Co. on the shares of Kuwait and Middle East Financial Investment (KMEFIC), according to a bourse …

Mergers and Acquisitions

31 December 2019 05:48 PM KMEFIC registered as market maker on Acico, Tamdeen

Mubasher: Boursa Kuwait approved to register Kuwait and Middle East Financial Investment (KMEFIC) as a market maker on the securities of Acico Industries and Tamdeen Real Estate Company. The market maker shall start performing its activity as of …

Market News

26 December 2019 04:55 PM Boursa Kuwait registers KMEFIC as market maker

Mubasher: The Boursa Kuwait announces its approval to register Kuwait and Middle East Financial Investment (KMEFIC) as Market Maker. The market maker shall start performing its activity as of Sunday, 29 December, according to a bourse statement …

Market News

16 December 2019 10:47 AM Al Thekair’s share takeover bid price lower than Baker Tilly’s – KMEFIC

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) said on Monday that its board members have considered the mandatory acquisition proposal put forward by Al Thekair General Trading & Contracting to buy the remaining 25.67% of its …

Mergers and Acquisitions

6 November 2019 06:33 PM KMEFIC turns to losses in Q3

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) reported on Wednesday KWD 65,140 ($215,080) in losses during the third quarter (Q3) of the year, versus profits of KWD 49,550 ($163,610), as shown by the company’s financial results. …

Company News

22 September 2019 04:26 PM KMEFIC’s full board resigns

Mubasher: Kuwait and Middle East Financial Investment Company (KMEFIC) announced that its board of directors has submitted its resignation. Chairman Hesham Zaghloul Mohamed Abdalmtalb and deputy chairman Bassel Abdul Wahab Al Zaid have submitted …

Company News

19 September 2019 00:49 PM Bahraini, Kuwaiti AUB complete sale of KMEFIC’s stakes

Mubasher: Ahli United Bank – Bahrain (AUB Bahrain) and Ahli United Bank – Kuwait (AUB Kuwait) announced that their 75.6% ownership in Kuwait and Middle East Financial Investment (KMEFIC) represents the percentage of 196.096 million shares at a …

Trading Activities

19 September 2019 11:08 AM AUB Kuwait completes sale of stake in KMEFIC

Mubasher: Ahli United Bank – Kuwait (AUB Kuwait) announced that its 50.41% ownership in Kuwait and Middle East Financial Investment (KMEFIC) represents the ratio of selling 130.71 million shares at a value of 58.1 fils per share to the total …

Trading Activities

28 August 2019 05:25 PM KMEFIC receives market maker licence from CMA

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) has received a six-month market maker licence from the Capital Markets Authority (CMA). The licence will be valid for a renewable three-year term, according to a statement released on …

Trading Activities

20 August 2019 03:34 PM Bahraini, Kuwaiti AUB sell 196.1m shares in KMEFIC

Mubasher: Ahli United Bank – Bahrain and Ahli United Bank – Kuwait have signed an agreement to sell their stakes in Kuwait and Middle East Financial Investment (KMEFIC), according to a bourse statement released on Tuesday. Both banks hold 196.1 …

Mergers and Acquisitions

18 August 2019 05:05 PM KMEFIC repays KWD 2.5m of loan for parent company

Mubasher: Kuwait and Middle East Financial Investment Company (KMEFIC) announced that it has fully repaid the outstanding loan amount worth KWD 2.46 million included in the financial statements dated 30 June 2019 to the parent company. KMEFIC will …

Banking and Finance

14 August 2019 01:11 PM AUB receives offer on combined stake in KMEFIC

Mubasher: Ahli United Bank - Bahrain (AUB Bahrain), listed on Boursa Kuwait and Bahrain Bourse (BHB), and its subsidiary Ahli United Bank - Kuwait (AUB Kuwait) have received an offer from Hamad Saleh Al Thekhair for a potential sale of their …

Banking and Finance

23 July 2019 11:18 AM KMEFIC to add Market Maker to firm activities

Mubasher: The shareholders of Kuwait and Middle East Financial Investment (KMEFIC) approved, during their extraordinary general meeting (EGM) on Monday, to add the Market Maker activity to the objectives the company was founded for achieving. …

General Assembly

20 May 2019 09:54 AM Kuwait’s CMA awards market maker licence to KMEFIC

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) has received the Capital Markets Authority’s (CMA) preliminary approval for a six-month market maker licence, starting from 19 May, until 18 November. After that, KMEFIC will obtain a …

Management Decisions

8 May 2019 11:02 AM Kuwait C.bank rejects Warba’s request to acquire KMEFIC

Mubasher: Warba Bank on Wednesday announced that the Central Bank of Kuwait (CBK) has rejected its request to acquire Kuwait and Middle East Financial Investment (KMEFIC). The CBK’s rejection will not affect the bank’s fiscal position, Warba said …

Central Banks

29 April 2019 04:56 PM KMEFIC profits grow 54% in Q1-19

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) achieved an increase of 54.3% in profits during the first quarter of 2019 compared to the same period a year ago. Earnings rose to nearly KWD 322,380 ($1.06 million) in Q1-19 from …

Financial Results

16 February 2019 07:29 PM Warba Bank acquires majority stake in KMEFIC

Mubasher: Warba Bank has signed an agreement with Ahli United Bank (AUB) to buy 75.72% stake in Kuwait and Middle East Financial Investment Company (KMEFIC). The deal will be closed following the receiving of all regulatory approvals, Kuwait News …

Mergers and Acquisitions

10 February 2019 02:44 PM Warba Bank buys AUB Bahrain’s equity in KMEFIC for KWD 10m

Mubasher: Warba Bank has signed an agreement with Ahli United Bank – Bahrain (AUB Bahrain) and its subsidiary in Kuwait to purchase their shares in Kuwait and Middle East Financial Investment (KMEFIC). Warba Bank will buy 196.35 million shares …

Corporate Actions

31 January 2019 00:25 PM Warba Bank to launch Islamic products through KMEFIC

Mubasher: Warba Bank plans to launch sharia-compliant investment products through acquiring a stake in Kuwait and Middle East Financial Investment (KMEFIC), the Kuwaiti lender’s CEO said. The takeover of KMEFIC aims to increase profits from …

Banking and Finance

21 January 2019 04:14 PM Talks in progress over acquiring 74% stake in KMEFIC - Warba Bank

Mubasher: Warba Bank is still in negotiations with Bahrain's Ahli United Bank (AUB) and Ahli United Bank - Kuwait (AUB Kuwait) to purchase their shares in Kuwait and Middle East Financial Investment (KMEFIC). No final agreement has been reached …

Mergers and Acquisitions

20 January 2019 11:39 AM Warba Bank in talks over acquiring 74% stake in KMEFIC

Mubasher: Ahli United Bank (AUB) and Ahli United Bank - Kuwait (AUB Kuwait) are in negotiations with Warba Bank to sell their shares in Kuwait and Middle East Financial Investment (KMEFIC). When a final agreement has been reached, it has to be …

Mergers and Acquisitions

25 June 2018 04:07 PM KMEFIC’s subsidiary inks MoU with KFIC

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) announced that its 90%-owned subsidiary Middle East Financial Brokerage Co has signed a non-binding memorandum of understanding (MoU) with KFIC Financial Brokerage, a 98.5%-owned …

Mergers and Acquisitions

14 May 2018 00:45 PM KMEFIC financials turn profitable in Q1

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) registered a positive turn in its financials during the first quarter of 2018. KMEFIC achieved a profit of KWD 209,000 ($694,230) in Q1-18 against losses of nearly KWD 569,710 ($1.89 …

Financial Results