Oula Fuel Marketing (OULAFUEL`R)

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News

7 April 2020 01:03 PM Al Imtiaz Investment, Oula Fuel cancel FY19 dividends

Mubasher: The board of Al Imtiaz Investment Group decided to cancel its proposed dividend distribution of 10 fils per share or 10% of the share’s nominal value for the fiscal year (FY) 2019 due to the coronavirus (COVID-19) implications on the …

Board of Directors

10 March 2020 06:22 AM Oula Fuel records KWD 4m profit in 2019; dividends proposed

Mubasher: The financial statements of Oula Fuel Marketing Company showed an increase in net profits by 1.4% over the fiscal year ended on 31 December 2019 at KWD 3.86 million ($12.71 million) as compared to KWD 3.81 million ($12.51 million) in …

Financial Results

30 December 2019 02:57 PM Oula Fuel buys KWD 4m real estate assets

Mubasher: Oula Fuel Marketing Company has purchased a building at a cost of KWD 3 million and a land plot, for the purpose of investment, at KWD 1 million. Oula Fuel said that a monthly rent of KWD 16,000 will be received as a result of investing …

Company News

7 November 2019 07:16 AM Oula Fuel profits rise 16% in Q3

Mubasher: Oula Fuel Marketing Company reported a 15.9% increase in profits during the third quarter (Q3) of the year, as shown by the company’s financial statements. Profits reached KWD 743,000 ($2.45 million) during Q3-19, compared with KWD …

Financial Results

4 August 2019 07:26 AM Oula Fuel’s Q2 profits rise 3%

Mubasher:  Oula Fuel Marketing Company (Oula Fuel) reported a 2.5% year-on-year profit increase during the second quarter of 2019. Net profits stood at KWD 1.46 million ($4.82 million) in Q2-19, compared to KWD 1.43 million ($4.71 million) in …

Company News

4 July 2019 00:36 PM Oula Fuel Marketing’s board nods to ProntoWash acquisition

Mubasher: The board of directors of Kuwait-based Oula Fuel Marketing has approved a proposal for the acquisition of Kuwaiti car wash and vehicle detailing services company ProntoWash. The board revealed that the financial impact of such approval …

Mergers and Acquisitions

9 June 2019 06:28 AM Oula Fuel’s Airport Exit station closed for upgrade

Mubasher: Kuwait-based Oula Fuel Marketing has shut down Airport Exit's station number (103) as of 1 June. Oula Fuel closed the station to be upgraded in line with the state-of-the-art standards, according to a statement to Boursa Kuwait on …

Management Decisions

23 May 2019 06:30 AM Oula Fuel reopens Al-Quran station

Mubasher: Oula Fuel Marketing Company has reopened its petrol station in Al-Quran region after upgrading the station’s infrastructure. The development involved raising the station’s efficiency, boosting environmental safety by installing vapor …

Companies Investments

9 May 2019 09:57 AM Oula Fuel logs KWD 1.5m profit in Q1

Mubasher: Kuwait-based Oula Fuel Marketing reported a 0.27% year-on-year rise in profits in the first quarter of 2019. Oula’s profits hit KWD 1.476 million by the end of Q1-19, compared to KWD 1.472 million during Q1-18, according to a filing to …

Financial Results

1 April 2019 08:50 AM Oula Fuel nods to 5% dividend for FY18

Mubasher: The shareholders of Oula Fuel Marketing have approved the board’s recommendation of distributing 5% of the par value of each share as a cash dividend for fiscal year 2018, according to a recent press release. Oula Fuel will pay 5 fils …

Financial Results

6 March 2019 07:40 AM Oula Fuel FY18 profits grow 6%; dividends proposed

Mubasher: Oula Fuel Marketing registered an increase of 6.4% in profits during fiscal year 2018 compared to the prior year. Earnings grew to KWD 3.81 million in FY18 from KWD 3.58 million, according to a bourse disclosure on Wednesday. During the …

Cash Dividends

16 January 2019 03:52 PM Oula Fuel Marketing secures KWD 9.5m facility

Mubasher: Oula Fuel Marketing has signed a KWD 9.5 million facility agreement with Warba Bank. The new loan will not impact the company’s current financial status, Oula said in a bourse statement, adding that it would disclose any effect resulting …

Banking and Finance

19 September 2018 01:18 PM Oula Fuel inks KWD 6m loan deals with KIB

Mubasher: Oula Fuel Marketing announced that it has signed two contracts valued at KWD 6 million ($19.9 million) to obtain a murabaha loan from KIB, according to a bourse disclosure on Wednesday. The first loan has a value of KWD 4 million, while …

Banking and Finance

8 August 2018 02:36 PM Oula Fuel H1 profits up 2%

Mubasher: Oula Fuel Marketing announced that its income statements showed a slight increase of 1.7% in profits during the first six months of 2018 compared to the same period last year. Earnings grew to KWD 2.9 million in H1-18 from KWD 2.85 …

Financial Results

8 August 2018 02:32 PM Oula Fuel to get KWD 13m credit facilities from Boubyan, KIB

Mubasher: Oula Fuel Marketing has authorised its board of directors to sign loan contracts offered by both Boubyan Bank and KIB. The credit facility contracts are valued at KWD 13 million ($43 million), according to a bourse statement on …

Companies Investments

10 May 2018 09:55 AM Oula Fuel records higher profits in Q1

Mubasher: Oula Fuel Marketing achieved a growth of 1.4% in profits during the first quarter of 2018 compared to the same period in the previous year. Earnings increased to KWD 1.47 million ($4.88 million) in Q1-18 from KWD 1.45 million ($4.81 …

Financial Results

2 May 2018 01:47 PM Oula Fuel inks $83m loan deal with ABK

Mubasher: Oula Fuel Marketing has signed a credit facility contract with Al Ahli Bank of Kuwait (ABK), according to a bourse filing on Wednesday. The loan deal is worth KWD 25 million ($83.1 million), and it will be allocated for owning and …

Companies Investments

10 April 2018 00:49 PM Oula Fuel inks deal to buy new carriers

Mubasher: Oula Fuel Marketing has signed an agreement with Abdul Rahman Albisher and Zaid Alkazemi Company to purchase a number of petroleum carriers. The financial impact of this deal will reflect on the income statements of the first quarter of …

Companies Investments

19 March 2018 01:02 PM Oula Fuel FY17 profits incline 2.9%; dividends proposed

Mubasher: Oula Fuel Marketing registered a decrease of 7.6% in profits during the fourth quarter of 2017 compared to the same period in the previous fiscal year. Earnings shrank to KWD 449,000 ($1.5 million) in Q4-17 from KWD 486,000 ($1.62 …

Board of Directors

28 December 2017 02:10 PM Oula Fuel borrows KWD 3.8m from ABK

Mubasher: Oula Fuel Marketing has obtained credit facilities worth KWD 3.8 million ($12.5 million) from Al Ahli Bank of Kuwait (ABK). Oula Fuel clarified that no financial impact can be currently determined; however, these facilities will be …

Banking and Finance

13 August 2017 07:21 AM Oula Fuel profits up 21% on property investment returns in H1

Mubasher: Oula Fuel Marketing on Sunday reported a 15.7% year-on-year rise in profits in the second quarter of 2017. The Kuwait-listed fuel company achieved KWD 1.4 million ($4.65 million) in profits in the period between April and June, up from …

Financial Results

7 June 2017 01:05 PM Oula reopens fuel filling station in Qasr

Kuwait – Mubasher: Oula Fuel Marketing Company on Wednesday announced the reopening of a fuel filling station in Qasr, Jahra in Kuwait, on 4 June, after restoration and development, according to a bourse filing. The financial impact of the …

Companies Investments

22 May 2017 05:43 AM Oula Fuel nods to FY16 dividends

Kuwait – Mubasher: The ordinary general meeting (OGM) of Oula Fuel Marketing approved distributing 5% of capital as cash dividends. The company will pay 5 fils per share to the entitled shareholders as dividends for fiscal year 2016, according to …

Corporate Actions

15 May 2017 00:36 PM Oula Fuel Q1 profits up 26% on rental income

Kuwait – Mubasher: Oula Fuel Marketing posted a rise of 26.33% in profits during the first quarter of 2017. Earnings increased to about KWD 1.45 million ($4.75 million) in Q1-17 from KWD 1.15 million ($3.77 million) in Q1-16, according to a bourse …

Financial Results

28 March 2017 00:47 PM Oula Fuel Q4 profits down; dividends proposed

Mubasher: Oula Fuel Marketing posted a drop of 62.3% in profits during the fourth quarter of 2016, as compared to the same period of 2015. Earnings decreased to about KWD 490,000 ($1.6 million) in Q4-16 from KWD 1.3 million ($4.3 million) in …

Financial Results