Mezzan Holding Co (MEZZAN)

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …