Mezzan Holding Co (MEZZAN) News - Mubasher Info
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08 April 08:52 AM

Mezzan Holding Co (MEZZAN`R)

Last update: 7 April 01:09 PM market time.
1,165.00
175.00
17.68%
Open 1,160.00
Previous Close 990.00
High 1,193.00
Low 1,150.00
Stock Statistics
Volume 305,211
Turnover 360,896.56
All data are 15 minutes late during market session

News

Net profits of Mezzan were down by 19% in 2019
10 May 2020 02:18 PM Mezzan approves 15 fils/shr dividends for 2019
Mubasher: Mezzan Holding Company’s annual general meeting (AGM) approved distributing 15 fils per share to shareholders as cash dividends for fiscal year (FY) 2019. Over 2019, Mezzan inked two key transactions; the first was the acquisition of a …
Cash Dividends
Mezzan suffered higher losses by 220.9% in Q4-19
9 April 2020 09:45 AM Mezzan’s earnings down 19% in 2019; dividends proposed
Mubasher: The net profits of Mezzan Holding Company were down by 19% during the fiscal year (FY) 2019, reaching KWD 5.6 million ($18.17 million) when compared to KWD 6.9 million ($22.43 million) in 2018.  The drop in profit is attributed to …
Financial Results
Mezzan Holding achieved KWD 9.14 million profits in 9M-19
24 December 2019 01:31 PM Kuwaiti Mezzan acquires majority stake in Saudi firm
Mubasher: Boursa Kuwait-listed Mezzan Holding Company raised its stake in Saudi-based Mezzan Foods Company to 99%. Through one of its subsidiaries in Saudi Arabia, Mezzan signed a KWD 1.2 million agreement to acquire 29% stake in the Saudi company …
Corporate Actions
Photo Archive
7 November 2019 10:42 AM Mezzan profits rise 50% in Q3
Mubasher: Mezzan Holding Company reported a 50% growth in profits during the third quarter (Q3) of the year, as shown by the company’s financial statements. Profits amounted to KWD 1.83 million ($6.04 million) in Q3-19, up from KWD 1.22 million …
Financial Results
The transaction is expected to be concluded within two months of date
4 September 2019 10:12 AM Mezzan Holding to acquire 29% of Saudi Mezzan Foods
Riyadh – Mubasher: Mezzan Holding Company announced that it has entered into a shares purchase agreement (SPA) with a subsidiary of Al Faisaliah Group for the acquisition of 29% stake in Mezzan Foods Company, based in Saudi Arabia. Mezzan Holding …
Mergers and Acquisitions
6 August 2019 04:20 PM Mezzan Holding logs 7% YoY profit hike in H1-19
Mubasher: Mezzan Holding has reported a 7% year-on-year increase in net profit during the first six months of 2019, recording KWD 7.3 million ($23.99 million). The company’s revenue grew by 5.1% to KWD 115 million in H1-19, compared to the …
Financial Results
KSPIC will be a subsidiary of Mezzan
6 August 2019 03:32 PM Mezzan Holding finalises $69m acquisition
Mubasher: Mezzan Holding on Tuesday announced the finalisation of the acquisition of 66.99% of Kuwait Saudi Pharmaceutical Industries Company (KSPIC) in consideration of KWD 20.96 million ($69.02 million). KSPIC will be a subsidiary of Mezzan as …
Companies Investments
EBITDA rose 9.8% YoY
11 May 2019 10:22 PM Mezzan Holding posts 1.7% YoY profit hike in 3M
Mubasher: Mezzan Holding reported a 1.7% year-on-year increase in net profit during the first quarter of 2019, recording KWD 5.1 million ($16.76 million). The company’s revenue grew 6.5% YoY to KWD 62.6 million in Q1-19, according to a report …
Financial Results
Mezzan's profits fell 40.7% to KWD 7.7 million in FY18
21 April 2019 01:37 PM Mezzan to distribute 16 fils/shr dividend for FY18
Mubasher: Mezzan Holding’s shareholders have approved the board’s proposal to distribute a cash dividend of 16 fils share for the full fiscal year 2018, in addition to electing new board of directors for the coming three year during an annual …
Cash Dividends
Earnings shrank to KWD 1.21 million ($3.9 million) in Q3-18
8 November 2018 05:10 PM Mezzan Holding posts lower profits in Q3
Mubasher: Mezzan Holding Co reported a decrease of 56.3% in profits during the third quarter of 2018 compared to the same period a year ago. Earnings shrank to KWD 1.21 million ($3.9 million) in Q3-18 from KWD 2.78 million ($9.2 million) in Q3-17, …
Financial Results
selling this asset will generate a profit worth about KWD 1,088
31 October 2018 02:52 PM Mezzan Holding exits KWD 1m asset
Mubasher: Mezzan Holding Co announced selling a property owned to a fully-owned subsidiary at a total value of KWD 1.225 million ($4.04 million), according to a bourse statement on Wednesday. The Boursa Kuwait-listed company clarified that selling …
Companies Investments
Mezzan stock closed Thursday’s session 0.14% lower
9 August 2018 04:44 PM Mezzan Holding H1 profits decline 7%
Mubasher: Mezzan Holding Co registered a drop of 8.4% in profits during the second quarter of 2018 compared to the corresponding period a year ago. Earnings shrank to KWD 1.85 million ($6.12 million) in Q2-18 compared to KWD 2.02 million ($6.68 …
Financial Results
Ubhar Capital recommended ‘Accumulate’ on Mezzan Holding Co’s stock
31 May 2018 09:52 AM Ubhar Capital recommends ‘Accumulate’ on Mezzan Holding
Mubasher: Ubhar Capital on Thursday recommended ‘Accumulate’ on Mezzan Holding Co’s stock, listed on the Boursa Kuwait, and raised its price target (PT) to 820 fils, up 15.7% from its closing at 709 fils on Wednesday. This was mainly driven by …
Stock Evaluations
Mezzan posted a growth of 2.2% in revenues in Q1
10 May 2018 04:26 PM Mezzan Holding Q1 profits down 6%
Mubasher: Mezzan Holding Co registered a decrease of 6.2% in profits during the first quarter of 2018 compared to the same period in the previous year. Earnings narrowed to KWD 4.99 million ($16.57 million) in Q1-18 from KWD 5.32 million ($17.66 …
Financial Results
Mezzan closed Wednesday’s session 0.27% higher
18 April 2018 04:06 PM Mezzan Holding to pay 22% dividends for FY17
Mubasher: The ordinary general meeting (OGM) of Mezzan Holding Co approved the board’s recommendation of distributing 22% of the capital as a cash dividend for fiscal year 2017. Mezzan will pay 22 fils per share to the entitled shareholders, with …
Financial Results
Earnings shrank to KWD 2.84 million ($9.48 million) in Q4-17
19 March 2018 09:19 AM Mezzan Holding FY17 profits shrink; dividends proposed
Mubasher: Mezzan Holding Co registered a decrease of 29.7% in profits during the fourth quarter of 2017 compared to the same period in the prior year. Earnings shrank to KWD 2.84 million ($9.48 million) in Q4-17 from KWD 4.04 million ($13.49 …
Board of Directors
Profits reached KWD 2.8 million in the third quarter of 2017
8 November 2017 06:31 PM Mezzan profits down 10.5% in Q3
Mubasher: Mezzan Holding Company reported a 10.5% decline in profits for the third quarter of 2017, according to a bourse filing. Quarterly financial statements showed that profits totalled KWD 2.8 million ($9.27 million) in Q3-17, compared to KWD …
Financial Results
Al Wazzan Capital holds 63.3% of Mezzan Holding shares
21 August 2017 05:55 PM Mezzan’s board buys 150,000 of own stocks
Mubasher: Mezzan Holding board of directors bought 50,000 of the company’s stocks through Fatma Investment for General Trading during Sunday’s session. Deputy chairman of Mezzan Holding Mohamed Jasim Al Wazzan is the manager and co-owner of Fatma …
Insider Trading & Treasury Stocks
This is Mezzan's ninth quarter of consecutive profitability since listing on Boursa Kuwait
9 August 2017 04:11 PM Mezzan posts KWD 2m profits in Q2
Mubasher: The income statements of Mezzan Holding registered a plunge of 58.1% in profits during the second quarter of 2017 compared to the same period a year ago. Earnings shrank to KWD 2.02 million ($6.68 million) in Q2-17 from KWD 4.82 million …
Financial Results
Photo Credit: Arabianeye-Reuters
10 May 2017 03:12 PM Mezzan Holding Q1 profits rise 2.5%
Kuwait – Mubasher: Mezzan Holding Company achieved a growth of 2.5% in profits to KWD 5.32 million ($17.44 million) during the first quarter of 2017 from KWD 5.19 million ($17.01 million) in the same period of 2016. The company’s revenue increased …
Financial Results
(Photo credit: Mubasher’s Photo archive)
10 April 2017 04:53 PM Mezzan approves dividends worth KWD 8.7m
Kuwait – Mubasher: The shareholders meeting of Mezzan Holding Company approved the recommendation of distributing 28 fils or 28% of the par value of shares as cash dividends for 2016, totalling KWD 8.71 million. Mezzan’s capital amounts to KWD …
Cash Dividends
Photo Credit: Arabianeye-Reuters
30 March 2017 08:14 PM Mezzan inks KWD 53.75m credit deals
Mubasher: Mezzan Holding Co has signed three credit agreements with a local Islamic bank for an overall value of KWD 53.75 million ($176.2 million), according to a bourse statement issued on Thursday. The first agreement is worth a maximum credit …
Management Decisions
(Photo credit: Arabianeye - Reuters)
22 March 2017 08:38 AM Mezzan Holding to discuss cash dividends for 2016 on 10 April
Kuwait – Mubasher: The general assembly of Mezzan Holding will meet on 10 April to discuss the distribution of cash dividends for 2016. The dividends will be at 28 fils per share, representing 28% of the share's nominal value, according to a …
Event
Mezzan had top-line growth in 2016 (Photo Credit: Arabianeye-Reuters)
12 February 2017 03:46 PM Mezzan Holding profits rise 23% in Q4
Kuwait – Mubasher: Mezzan Holding on Sunday reported its financial results for the fourth quarter of 2016 and the full-year 2016, saying that the latter was in line with its expectations. Net profits attributable to shareholders of the parent …
Financial Results
Mezzan Holding CEO, Garry Walsh (Photo Credit: Press release)
9 November 2016 03:56 PM Mezzan Q3 profits fall 15.5% YoY
Kuwait – Mubasher: Mezzan Holding reported a decline of 15.5% in net profits during the third quarter of 2016 as compared to the same period in 2015. Net earnings decreased to KWD 3.1 million ($10.22 million) in Q3-16 from KWD 3.67 million ($12.1 …
Financial Results