Noor Financial Investment Co (NOOR)

Mubasher: Noor Financial Investment has paid off the last installment worth KWD 1.5 million ($5 million) in a loan granted by its parent company National Industries Group Holding. In 2018, National Industries Group gave Noor Financial Investment a …

Mubasher: Noor Financial Investment’s ordinary general meeting (OGM) consented to the proposed cash dividend distribution of six fils per share or 6% of the company's capital for the fiscal year (FY) 2019, after excluding treasury stocks.   The …

Mubasher: The net profit of Noor Financial Investment decreased by 67.4% in 2019 to stand at KWD 8.07 million (approx. $26.52 million), compared to KWD 24.8 million (around $81.53 million) a year earlier.  Earnings per share (EPS) amounted to …

Mubasher: Noor Financial Investment inked a deal to sell a stake in Noor Salhiya Real Estate Co, a sister company, for KWD 867,000. The sale would be in exchange for purchasing a land plot with a value of KWD 667,000, and a KWD 168,000 stake in …

Mubasher: Noor Financial Investment has signed a preliminary agreement with its subsidiary Noor Telecommunication Company for a merger between both companies. Under the agreement, Noor Telecommunication will be merged into Noor Financial, …

Mubasher: Noor Financial Investment’s board has announced its primary approval of a proposal for the merger with its subsidiary Noor Telecommunication Company, according to a bourse statement released on Tuesday. The primary approval was on …

By: Mohamed Farouk Mubasher: The financial statements of Noor Financial Investment showed a 12% year-on-year decline in profit during the third quarter of 2019. The profits fell to KWD 1.69 million ($5.58 million) in Q3-19 when compared to KWD …

Mubasher: Noor Financial Investment has signed an exit agreement on its stake in an unlisted associate company. The deal was signed in favour of a party related to the parent company at a value of KWD 3 million. The deal value will be a partial …

Mubasher: Noor Financial Investment has repaid KWD 3 million ($9.87 million) loan to the parent company ahead of due time, according to a bourse statement released on Tuesday. The transaction will reduce Noor’s debt and liquidity by KWD 3 million, …

Mubasher: Noor Financial Investment on Monday announced it has reimbursed around KWD 555,000 of its debts owed to creditors as early repayment. The early repayment will reduce the debt balance by KWD 555,000, as well as cash liquidity at the same …

Mubasher: Noor Financial Investment reported a decline of 66.56% year-on-year during the second quarter of 2019, according to a filing to Boursa Kuwait on Sunday. Noor posted profits of KWD 1.29 million ($4.24 million) in Q2-19, compared to KWD …

By: Mohamed Farouk Mubasher: The stock of Noor Financial Investment gained 5.26% or 5 fils to reach 98.1 fils early Sunday, registering its highest level in more than five years. By 10:16 am Kuwait local time, Noor Financials registered 3 million …

Mubasher: Noor Financial Investment has made an early repayment valued at KWD 430,000 as part of its indebtedness that is due until 31 December 2019. This repayment will result in a decrease of KWD 430,000 in the debt due to banks, Noor said in a …

By: Mohamed Farouk Mubasher: Noor Financial Investment is expected to register a 34% decline in profits during the first six months of 2019 when compared to the corresponding six months last year, capital market analyst Ahmed Jassim Al Qamr told …

Mubasher: Noor Financial Investment Company (Noor) reported a 2.5% year-on-year growth in profits during the first quarter of 2019. Noor’s profits reached KWD 2.84 million ($9.4 million) in Q1-19, up from KWD 2.77 million ($9.1 million) during …

Mubasher: Noor Financial Investment Company’s (Noor) shareholders approved the board’s proposal to distribute cash dividends worth KWD 2.04 million at 5 fils per share for the full fiscal year 2018 during a meeting held on Wednesday. The …

Mubasher: Noor Financial Investment on Monday announced that the resignation of the company’s chief operating officer (COO) Nauman Sehgal. Sehgal will leave his position on 30 June, according to a bourse filing. The firm’s official will step down …

Mubasher: Noor Financial Investment achieved a positive turn in financials during the fourth quarter of 2018 compared to the same period a year ago. Earnings totalled KWD 16.27 million ($53.61 million) in Q4-18 against losses of KWD 1.75 million …

By: Mohamad Farouk Mubasher: Noor Financial Investment is expected to achieved a leap of 721.4% in profits to KWD 23 million during fiscal year of 2018 when compared to the previous fiscal year, capital market analyst Ahmad Jassim Al Qamr told …

Mubasher: Trading on the stock of Noor Financial Investment has been suspended based on the company’s request, the stock market of Kuwait announced on Thursday. It is expected for Noor to ask Boursa Kuwait to resume trading on its stock on Monday, …

Mubasher: Noor Financial Investment announced that it has sold equity representing 1.35% of capital in Pakistan’s Meezan Bank. The Boursa Kuwait-listed company has sold 15.75 million shares in Meezan Bank at a total value of KWD 2.65 million ($8.8 …

Mubasher: Noor Financial Investment is currently in negotiations with two banks to renew and restructure loans valued at KWD 23.26 million ($76.6 million). The Boursa Kuwait-listed company noted that the loans were matured in previous dates, …

Mubasher: Noor Financial Investment posted a decline of 32.4% in profits during the third quarter of 2018 compared to the same period a year ago. Earnings shrank to KWD 1.92 million ($6.34 million) in Q3-18 from KWD 2.84 million ($9.37 million) in …

Mubasher: Noor Financial Investment has signed a settlement agreement with two out of four creditor banks for repaying its debt. The Boursa Kuwait-listed company has repaid a first debt installment valued at KWD 18.786 million ($62 million), …

Mubasher: Noor Financial Investment has sold it’s a stake of 8.5% in Bawabat Al Kuwait Holding Co, a company not listed on Boursa Kuwait. The equity is valued at KWD 6.363 million ($21 million), according to a bourse statement on Monday. Selling …