Metal and Recycling Co KSC (MRC`R)

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News

25 June 2020 04:59 PM Metal and Recycling OGM approves KWD 10m loan from Agility

Mubasher: The ordinary general meeting (OGM) of Metal and Recycling Company approved a convertible loan facility agreement at a maximum amount of KWD 10 million with Agility International Investment, a fully-owned subsidiary of Agility Public …

General Assembly

17 May 2020 11:48 AM Metal and Recycling approves KWD 10m loan from Agility Investment

Mubasher: The board of Metal and Recycling Company has submitted its recommendation to the annual general meeting (AGM) for the approval of a credit facility agreement with Agility International Investment, a fully-owned subsidiary of Agility …

Banking and Finance

15 April 2020 10:18 AM Metal and Recycling sees 68% higher loss in 2019

Mubasher: The financial statements of Metal and Recycling Company revealed an increase in losses by 67.9% on an annual basis during the fiscal year (FY) 2019. The losses amounted to KWD 2.12 million ($6.83 million) last year, up from KWD 1.26 …

Financial Results

31 October 2019 10:25 AM Metal and Recycling sees 80% lower losses in Q3

Mubasher: The losses of Metal and Recycling Company slid by 79.9% year-on-year to around KWD 92,370 ($304,840) over the third quarter of 2019 from about KWD 459,370 ($1.52 million) a year earlier. During the period from January-September 2019, the …

Financial Results

25 September 2019 11:22 AM Metal and Recycling awarded KWD 815,800 tender

Mubasher: Metal and Recycling Company announced that it won the tender contract of operation, maintenance, and management of waste incinerator of Kabad 1 works. The tender contract is valued at KWD 815,800, and was concluded between Metal and …

Companies Investments

25 July 2019 11:04 AM Metal and Recycling’s losses widen 18.5% in Q2-19

Mubasher: Metal and Recycling reported an 18.5% year-on-year (YoY) increase in losses during the second quarter of 2019. The company incurred losses of about KWD 348,520 ($1.15 million) in Q2-19, compared to around KWD 294,170 (about $969,000) in …

Financial Results

19 June 2019 05:18 PM Metal and Recycling inks $9.5m contract with health ministry

Mubasher: Metal and Recycling has signed a KWD 2.88 million ($9.49 million) bid licence contract with the Kuwaiti Ministry of Health. Under the 10-year contract, the Boursa Kuwait-listed company will undertake the establishment, maintenance, …

Companies Investments

17 March 2019 10:30 AM Metal and Recycling incurs losses in FY18

Mubasher: Metal and Recycling suffered a loss of KWD 324,000 ($1.07 million) during the fourth quarter of 2018 against profits worth nearly KWD 72,080 ($237,500) in the corresponding period a year ago. During fiscal year 2018, the company incurred …

Board of Directors

23 December 2018 10:04 AM Metal and Recycling to raise credit facilities to KWD 3m

Mubasher: The board members of Metal and Recycling approved, during their meeting on 20 December, to increase the credit facilities granted from the Industrial Bank of Kuwait. The credit facilities will be raised to KWD 2.85 million instead of KWD …

Corporate Actions

14 August 2018 00:09 PM Metal and Recycling incurs higher losses in Q2

Mubasher: Metal and Recycling reported an increase of 42% in losses during the second quarter of 2018 compared to the same period a year ago. Losses deepened to about KWD 294,170 ($971,240) in Q2-18 from approximately KWD 207,110 ($683,800) in …

Financial Results

31 July 2018 11:37 AM Metal and Recycling nods to 100% capital hike

Mubasher: The ordinary general meeting (OGM) of Metal and Recycling approved the board's recommendation of raising the capital by 100% or KWD 10 million. The company will increase the capital to KWD 20 million from KWD 10 million at a par value of …

Corporate Actions

3 July 2018 04:21 PM Metal and Recycling to consider capital increase late July

Mubasher: Metal and Recycling will hold its extraordinary general meeting (EGM) on 30 July to discuss raising its capital to KWD 20 million from KWD 10 million. The capital hike represents a 100% increase at a par value of 100 fils per share, …

General Assembly

28 March 2018 01:37 PM Metal and Recycling proposes capital hike

Mubasher: The board members of Metal and Recycling on Tuesday recommended increasing the authorised capital. The Kuwait-based firm’s board has passed the capital raise proposal to the ordinary general meeting (OGM), according to a bourse statement …

Corporate Actions

20 November 2017 05:32 PM Soor exits stake in Metalics Energy for Metal and Recycling

Mubasher: Soor Fuel Marketing Company has sold its entire stake in Metalics Energy to Metal and Recycling, according to a bourse statement issued on Monday. Soor earlier purchased its 35% stake of Metalics’ equity for KWD 1.5 million. The …

Companies Investments

24 September 2017 09:21 AM Boursa Kuwait to resume trading on Metal and Recycling stock's Sunday

Kuwait – Mubasher: Boursa Kuwait stated that trading activities will resume on Metal and Recycling Company’s (MRC) stock, effective Sunday, 24 September. By the end of the previous week, the firm’s shareholders approved a capital hike of 21.12% …

Management Decisions

21 September 2017 11:45 AM Metal and Recycling hikes capital to KWD 10m

Kuwait – Mubasher: Metal and Recycling Company (MRC) said its shareholders approved a capital increase of 21.12% through bonus shares, raising capital to KWD 10 million from KWD 8.26 million. Shareholders also approved the recommendation to …

Corporate Actions

30 March 2017 09:02 AM Metal and Recycling turns profitable in Q4

Kuwait – Mubasher: Metal and Recycling Company (MRC) turned to profitability in the fourth quarter of 2016 compared to the same period in 2015, according to the company’s financial statements. MRC’s profits stood at KWD 187,000 ($612,870) during …

Financial Results

22 March 2017 09:11 AM Metal and Recycling inks deal with Equate Petrochemical

Mubasher: Metal and Recycling was awarded a three-year contract with Equate Petrochemical Co, according to a bourse statement issued on Wednesday. The contract, which can be renewed, is expected to generate a revenue of $10 million. The contract’s …

Companies Investments

8 November 2016 02:34 PM Metal & Recycling nods to trimming accumulated losses

Kuwait – Mubasher: The ordinary general meeting of Metal and Recycling agreed on offsetting accumulated losses worth KWD 6.6 million as registered on 31 December, 2015. These losses accounted for three quarters of the paid-up capital in the issue …

Corporate Actions

3 November 2016 04:13 PM Metal & Recycling turns profitable in Q3

Mubasher: Metal and Recycling (MRC) achieved profits in the third quarter of 2016, according to a bourse statement. MRC generated profits of KWD 23,420 ($77,340) in Q3-16, against losses of KWD 461,360 ($1.52 million) in Q3-15. The company posted …

Financial Results

10 October 2016 09:57 AM Metal & Recycling not affected by Metalex liquidation

Kuwait – Mubasher: Metal and Recycling said that no financial impact will result from the shareholders’ decision of liquidating Metalex Energy. Metal and Recycling, the mother company, owns 1% in Metalx Energy, according to a bourse statement …

Companies Investments

8 August 2016 10:11 AM Metal and Recycling turns to profitability in Q2

Kuwait – Mubasher: Metal and Recycling Co. turned to profitability in the second quarter of 2016, as it posted net profits of KWD 101,580 (KWD 336,000). The Kuwaiti listed firm logged losses of KWD 22,060 at the same period of the previous year. …

Financial Results

26 July 2016 11:02 AM Metal and Recycling to consider offsetting losses 2 August

Kuwait – Mubasher: Metal and Recycling will hold its postponed extraordinary general meeting (EGM) on 2 August to discuss offsetting the accumulated losses. The company’s accumulated losses stood at KWD 6.6 million as on 31 December, 2015; the …

General Assembly

12 June 2016 09:47 AM Metal and Recycling to discuss offsetting accumulated losses Sunday

Kuwait-Mubasher: Metal and Recycling will hold its ordinary and extraordinary general meetings on Sunday to discuss the financial results as well as trimming the accumulated losses. The EGM will consider offsetting KWD 6.6 million accumulated …

Event

13 December 2015 02:39 PM KSE sees increasing number of delisted firms

Kuwait-Mubasher: The number of delisting companies from Kuwait Stock Exchange (KSE) has recently increased; 17 companies have announced their final withdrawal from the market, while 211 firms were listed in the beginning of 2015. The delisting …

Stock Evaluations