Al Madar Kuwait Holding Co (MADAR`R)

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News

5 April 2020 03:20 PM Al Madar approves 5 fils/shr dividends for 2019

Mubasher: The ordinary general meeting (OGM) of Al Madar Finance and Investment Company consented to the proposed cash dividend distribution worth KWD 1.035 million or five fils per share, representing 5% of the share’s nominal value, to …

Board of Directors

5 March 2020 03:20 PM Al Madar plans to raise stake in Dar Al Thuraya

Mubasher: Dar Al Thuraya Real Estate Company on Thursday announced that Al Madar Finance and Investment Company has expressed interest to buy an additional stake of 3.17% in its capital.    The proposed stake amounts to 4.55 million shares, …

Mergers and Acquisitions

20 February 2020 00:33 PM Al Madar profits down 91% in 2019

Mubasher: Al Madar Finance and Investment Company reported a 90.7% decline in annual profits to KWD 1.39 million ($4.56 million) in 2019, compared to KWD 14.88 million ($48.77 million) in 2018. The company achieved a KWD 1.21 million net profit …

Financial Results

17 December 2019 04:52 PM Unit of Al Madar, Dar Al Thuraya buys KWD 1.44m property

Mubasher: Al Madar Finance and Investment and Dar Al Thuraya Real Estate on Tuesday announced that a subsidiary purchased a property in Mahboula district for KWD 1.44 million, according to disclosures by both companies. The bought property spans …

Real estate

6 October 2019 02:08 PM Al Madar collects KWD 2m from client

Mubasher: Al Madar Finance and Investment received KWD 2 million worth of payments due by one of the firm’s clients. The collection process will generate a profit value similar to the repaid amount, Al Madar said in a filing to Boursa Kuwait on …

Company News

30 September 2019 01:23 PM Dar Al Thuraya withdraws from KWD 7m investment

Mubasher: Al Madar Finance and Investment announced that its Boursa Kuwait-listed subsidiary, Dar Al Thuraya Real Estate Company, withdrew from one of its investments. The withdrawal was completed through total selling of Dar Al Thuraya’s shares …

Real estate

17 April 2019 01:01 AM Al Madar hires new CEO

Mubasher: Al Madar Finance and Investment on Tuesday announced the appointment of Ahmed Abdel Razzaq Ahmed El Bahr as CEO.  The new CEO will assume his position as of 21 April, according to a bourse statement. The Kuwait-listed company turned to …

Management Decisions

25 December 2018 11:29 AM Al Madar collects KWD 1m, realises KWD 782,000 profit

Mubasher: Al Madar Finance and Investment has collected KWD 1 million to be followed by closing an indebtedness of a client in the financing portfolio. The debt settlement will result in profits valued at nearly KWD 781,940 as provision repayment …

Companies Investments

31 July 2018 03:19 PM Al Madar financials turn profitable in Q2, H1 on higher revenue

Mubasher: Al Madar Finance and Investment recorded a positive turn in the income statements of the second quarter of 2018 against losses in the same period a year ago. Earnings stood at KWD 11.73 million ($38.82 million) in Q2-18 versus losses of …

Financial Results

13 May 2018 05:13 PM Al Madar Finance in talks over KWD 17m claim

Mubasher: Al Madar Finance and Investment is currently in negotiations with one of its debtors to settle a lawsuit filed against the company with a claim of KWD 16.99 million ($56.43 million), according to a bourse statement on Sunday. The company …

Companies Investments

29 March 2018 00:33 PM Al Madar reduces losses 92% in Q4-17

Mubasher: Al Madar Finance and Investment on Thursday reported a 91.8% year-on-year drop in losses during the fourth quarter of 2017. Losses trimmed to KWD 247,000 in Q4-17, down from KWD 3.02 million in Q4-16, according to the company’s statement …

Financial Results

6 February 2018 04:42 PM Al Madar Finance’s shareholders dissolve board

Mubasher: Al Madar Finance and Investment announced that its postponed ordinary general meeting (OGM) decided to dissolve the board of directors and appoint a temporary administrative committee, according to a bourse filing on Tuesday. On Monday, …

Management Decisions

4 February 2018 00:04 PM CMA to publish Al Thekair’s takeover offer on Al Madar

Mubasher: Al Madar Finance and Investment announced that the Capital Markets Authority (CMA) has approved disclosing the document related to Al Thekair General Trading and Contracting Co’s compulsory acquisition on the entire shares of Al Madar. …

Companies Investments

11 October 2017 00:37 PM Al Madar stock hits highest level in 4 yrs

Mubasher: The stock of Al Madar Finance and Investment rose by 3.92% to reach 26.5 fils on Wednesday, hitting its highest level in four years. By 12pm Kuwait time, Al Madar registered a total of KWD 16,800 liquidity that was generated by 628,000 …

Stock Evaluations

10 September 2017 04:04 PM Al Madar to offer 145.18m shrs for sale Sunday

Mubasher: Boursa Kuwait announced that an action will be held on Sunday, 10 September, to sell about 145.18 million of Al Madar Finance and Investment’s shares. The stake represents 67.881% of Al Madar’s capital, according to a bourse filing …

Trading Activities

13 August 2017 10:50 AM Madar Finance’s losses drop 44% in Q2

Mubasher: Al Madar Finance and Investment on Sunday announced a 44.1% drop in losses for the second quarter of 2017 compared to the year-ago period. Losses amounted to KWD 727,670 ($2.42 million) in Q2-17, down from KWD 1.3 million ($4.31 million) …

Financial Results

23 May 2017 10:12 AM Al Madar losses shrink 60% in Q1

Kuwait – Mubasher: Al Madar Finance and Investment registered a decline of 59.9% in losses during the first quarter of 2017 as compared to the same period in 2016. The losses decreased to about KWD 282,330 ($928,350) in Q1-17 from nearly KWD …

Financial Results

27 November 2016 03:17 PM Investment Dar claims KWD 16.99m from Al Madar

Kuwait – Mubasher: Al Madar Finance and Investment said that The Investment Dar has filed a lawsuit against Al Madar, and that 14 December is scheduled for looking into the case. The Investment Dar has filed the law case to claim KWD 16.99 million …

Law

13 November 2016 02:13 PM CMA refuses Al Madar delisting request

Mubasher: The Capital Markets Authority (CMA) dismissed a request by Al Madar Finance and Investment to withdraw from the Kuwait Stock Exchange (KSE). The authority said that the refusal was due to not submitting the consolidated financial …

Corporate Actions

30 August 2016 11:33 AM KSE suspends Al Madar, Al Dar stocks

Kuwait – Mubasher: Kuwait Stock Exchange (KSE) decided to suspend the shares of both Al Madar Finance and Investment as well as Al Dar National Real Estate. The suspension was decided because the two companies have not paid the annual fees for the …

Markets Regulations

20 April 2016 09:26 AM Al Madar suffers KWD 1.51m losses in Q4

Kuwait-Mubasher: Al Madar Finance and Investment sank to losses of KWD 1.51m in the fourth quarter of 2015 against earnings worth about KWD 87,500 ($289,600) in Q4-14. Al Madar reported losses worth KWD 2.76 million ($9.15 million) during the …

Financial Results

27 March 2016 02:33 PM Al Madar suffers losses in Q3; stock to resume trading

Kuwait-Mubasher: Al Madar Finance and Investment suffered losses worth about KWD 823,800 ($2.72 million) in the third quarter of 2015 as compared to nearly KWD 71,040 ($234,860) in Q3-14, according to a recent statement. During the first half, the …

Financial Results

22 December 2015 03:17 PM Al-Madar Finance raises stake in property arm

Kuwait-Mubasher: Al Madar Finance and Investment has acquired 28.5 million shares of Al Madar Real Estate Development, in return for waiving some real estate investments, according to a bourse statement. The announcement, which was requested by …

Mergers and Acquisitions

16 December 2015 01:26 PM Al Madar inks contract to raise stake in unit

Kuwait-Mubasher: Al Madar Finance and Investment has signed an agreement with parties to acquire additional stake worth 40.72% in a subsidiary, according to a bourse filing. Another official statement from the bourse said earlier that Al Madar …

Companies Investments

14 December 2015 02:15 PM Al Madar approves voluntary delisting from KSE

Kuwait-Mubasher: The ordinary and extraordinary general meetings of Al Madar Finance and Investment have approved the board’s recommendation of voluntary withdrawal from Kuwait Stock Exchange (KSE). Also, shareholders agreed on freezing dividends …

Management Decisions