Kuwait and Middle East Financial Investment (KMEFIC)

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 …

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 …

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 …

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 …

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 …

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 …

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. …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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. …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …