Noor Financial Investment Co (NOOR`R)

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News

30 September 2021 01:26 PM Noor repays last debt installment to National Industries

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 …

Companies Investments

29 April 2020 00:03 PM Noor Financial approves 6% dividends for 2019

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 …

General Assembly

8 March 2020 09:39 AM Noor Financial’s profit slides 67% in 2019; dividends proposed

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 …

Cash Dividends

19 December 2019 01:56 PM Noor Financial exits stake in sister firm

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 …

Companies Investments

27 November 2019 02:40 PM Noor Financial signs preliminary agreement for merger

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, …

Mergers and Acquisitions

19 November 2019 00:02 PM Noor Financial’s board approves merger with subsidiary

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 …

Companies Investments

28 October 2019 03:53 PM Noor Financial’s Q3 profit down 12%

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 …

Company News

2 October 2019 11:45 AM Noor Financial inks KWD 3m exit agreement

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 …

Company News

3 September 2019 05:37 PM Noor Financial Investment repays $9.8m loan

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, …

Corporate Actions

5 August 2019 09:18 AM Noor Financial settles KWD 555,000 of debts

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 …

Corporate Actions

28 July 2019 00:32 PM Noor Financial’s profits dip 67% in Q2-19

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 …

Financial Results

14 July 2019 10:47 AM Noor Financial’s stock hits five-year highest level on Sunday

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 …

Trading Activities

30 June 2019 04:34 PM Noor Financial repays part of indebtedness

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 …

Company News

16 June 2019 04:01 PM Noor Financial Investment H1-19 profits may fall 34% – Analyst

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 …

Financial Results

13 May 2019 10:36 AM Noor Financial generates KWD 2.8m profit in Q1

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 …

Financial Results

8 May 2019 02:45 PM Noor Financial to distribute KWD 2m dividends for FY18

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 …

Cash Dividends

1 April 2019 02:28 PM Noor Financial’s chief operating officer resigns

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 …

Management Decisions

12 March 2019 10:58 AM Noor Financial FY18 profits surge 775%; dividends proposed

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 …

Cash Dividends

31 December 2018 01:09 PM Noor’s FY18 profits likely to surge 721% – Analyst

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 …

Financial Results

27 December 2018 01:04 PM Boursa Kuwait suspends trading on Noor

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, …

Stock Evaluations

20 December 2018 03:48 PM Noor sells 16m shrs in Pakistan’s Meezan Bank

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 …

Banking and Finance

4 December 2018 11:24 AM Noor in talks to restructure KWD 23m loans

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, …

Banking and Finance

7 November 2018 04:32 PM Noor Financial Q3 profits fall to KWD 2m

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 …

Financial Results

7 November 2018 03:36 PM Noor repays KWD 19m debt installment

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), …

Banking and Finance

5 November 2018 03:16 PM Noor exits KWD 6m equity in Bawabat Al Kuwait

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 …

Companies Investments