National Investments Co (NINV)

Mubasher: The general assembly of National Investments Company (NIC) approved distributing nine fils per share or 9% of the capital as cash dividends for the fiscal year (FY) 2019 as proposed by the board of directors.  The distributions shall …

Mubasher: The board of National Investments Company (NIC) approved launching required procedures to obtain the Capital Markets Authority’s (CMA) license to provide market maker services. It further called for an extraordinary general meeting (EGM) …

Mubasher: The net profit of National Investments Company (NIC) surged by 45.59% on an annual basis in 2019 to reach KWD 10.73 million ($34.76 million), compared with KWD 7.37 million ($23.87 million) in 2018. The growth in the annual earnings was …

Mubasher: National Investments Company (NIC) signed a loan agreement worth KWD 6.5 million ($21.5 million) with a local bank. The five-year loan will be used to refinance current loans, the company said in a statement to Boursa Kuwait on Sunday. …

Mubasher: National Investments Company (NIC) signed a loan agreement worth KWD 13 million ($43 million) with a national bank, the investment management firm said in a bourse statement. The tenor of the loan, which will be used for investment …

Mubasher: National Investments Company (NIC) is planning to establish a real estate management and development arm, senior vice president for the Real Estate Investments Sector at NIC, Mohammad Tareq Al Nouri, told Al-Qabas newspaper. Al Nouri …

Mubasher: National Investments reported a 99.6% year-on-year profit decline during the third quarter of the fiscal year 2019. The company’s net profit reached KWD 13,000 ($43,000) in Q3-19, compared to KWD 3 million ($9.9 million) in the year-ago …

Mubasher: National Investments has increased its stake in a Kuwaiti closed and unlisted firm to 63.47% from 41.99%, transferring it to a subsidiary from a sister company. The new stake is valued at KWD 2.18 million ($7.20 million), according to a …

Mubasher: National Investments on Tuesday announced that its share in Kuwait Foundry’s approved distributing cash dividends amounted to KWD 3.9 million ($12.81 million). The dividends share’ financial impact on National Investments will be …

Mubasher: National Investments Co has received a letter from the Capital Markets Authority, issued with the date 26 June 2019, referring to modifications in the company’s memorandum of association as well as articles of association. Upon this …

Mubasher: National Investments’ ordinary general meeting (OGM) approved to distribute 8 fils per share as cash dividends to shareholders for the full-year 2018 after offering treasury shares. Dividends represent 8% of the company’s capital, …

Mubasher: National Investments on Wednesday reported a 64% year-on-year profit increase during the first quarter of the fiscal year 2019, recording KWD 5.48 million ($18.06 million). Operating profit surged 48% YoY to KWD 7.85 million in Q1-19, …

Mubasher: The Capital Markets Authority (CMA) of Kuwait has approved National Investments Company’s request to reduce the capital to KWD 79.79 million from KWD 87.62 million. The capital cut will be implemented through cancelling 78.35 million …

Mubasher: National Investments succumbed to losses in the fourth quarter of 2018, incurring KWD 1.05 million ($3.46 million), against KWD 763,740 ($2.52 million) in the prior-year period.    For the full-year 2018, National Investments logged a …

Mubasher: National Investments on Thursday announced purchasing Al Khair National for Stocks and Real Estate’s stake in Kuwait Foundry for KWD 7.8 million. No financial impact will result from the deal on the company, National Investments said in …

Mubasher: National Investments Co registered a decline of 31% in profits during the third quarter of 2018 compared to the same period a year ago. Earnings shrank to KWD 2.99 million ($9.86 million) in Q3-18 from KWD 4.37 million ($14.41 million) …

Mubasher: National Investments Co has filed a lawsuit against the Kuwaiti company CapCorp Investment, which operates an investment by National Investments in Bahrain. The financial impact of this legal case on National Investments’ income …

Mubasher: Boubyan Petrochemical announced that the Capital Markets Authority (CMA) on Monday, 27 August, approved publishing the prospectus of the compulsory acquisition of Al Kout Industrial Projects’ remaining shares offered by Boubyan. Boubyan …

Kuwait – Mubasher: National Investments Company (NIC) has reported a 78.3% year-on-year increase in net profit during the second quarter of 2018, recording KWD 2.09 million ($6.9 million). The company’s net profit grew 2% to KWD 5.42 million in …

Mubasher: National Investments Co reported a decline of 16.8% in profits during the first quarter of 2018 compared to the same period in the prior fiscal year. Earnings decreased to KWD 3.33 million ($11.06 million) in Q1-18 from KWD 4 million …

Mubasher: The ordinary general meeting (OGM) of National Investments Co approved the board’s recommendation to distribute 7% of the capital as a cash dividend for fiscal year 2017. National Investments will pay 7 fils per share as a dividend to …

Mubasher: National Investments Co has received KWD 59,000 ($197,200) as a final installment from exiting a property portfolio in the US. Exiting this portfolio has resulted in achieving a net profit worth KWD 41,000 ($137,000) which will be …

Mubasher: National Investments Co achieved a profit worth KWD 764,000 ($2.55 million) in the fourth quarter of 2017 against losses of KWD 5.01 million ($16.74 million) in the same period a year ago. During fiscal year 2017, the company reported a …

Mubasher: National Investments Co has received approximately $8.15 million as a first installment from exiting a residential project in a portfolio in the U.S., according to a bourse statement on Monday. The financial impact of this transaction …

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. …