Senergy Holding Co (SENERGY`R)

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News

10 May 2020 10:50 AM Senergy Holding's losses up 793% in 2019

Mubasher: Net losses of Senergy Holding Company amounted to KWD 4.7 million in fiscal year (FY) 2019, 793% more than KWD 534,690 in the previous year. The increased losses are attributed to net impairment losses of goodwill and other provisions by …

Financial Results

8 January 2020 10:52 AM Senergy’s unit wins $3m tender in Oman

Mubasher: Senergy Holding Company announced that its subsidiary Eastern National Company for Oilfield Services, along with an oil company in Oman, was awarded a tender of nearly $3 million. The tender for Eastern National Company, in which Senergy …

Companies Investments

12 November 2019 04:32 PM Senergy losses up 73% in Q3

Mubasher: Senergy Holding Company posted a 73% year-on-year (YoY) increase in losses during the third quarter (Q3) of the year, as shown by quarterly financial statements. Losses reached KWD 184,000 in Q3-19, compared with KWD 426,600 in the …

Financial Results

8 August 2019 02:11 PM Senergy Holding’s losses enlarge 86% in Q2-19

Mubasher: The financial statements of Senergy Holding Company revealed an 86.4% year-on-year increase in losses during the second quarter of 2019. The losses of the period depended to around KWD 227,620 ($750,580) from about KWD 122,110 ($402,660) …

Financial Results

12 June 2019 06:39 PM Senergy Holding’s names new CEO

Mubasher: Senergy Holding has announced the resignation of its CEO, Nasser Badr Al Shahran. The board of the company has accepted the resignation of Nasser, who will maintain his position as a deputy chairman. Mohammad Hamad Al Salem will be …

Management Decisions

16 May 2019 08:12 PM Senergy Holding to enter Syrian market, has no plans for Egypt

Mubasher: Kuwait-based Senergy Holding Company is planning to enter the Syrian market, according to Aljarida newspaper. The company is also planning to acquire companies operate in its field, an informed source told Aljarida, adding that Senergy …

Companies Investments

13 May 2019 00:10 PM Senergy Holding’s losses enlarge in Q1

Mubasher: Kuwait-based Senergy Holding Company reported a 4.5% year-on-year increase in losses during the first quarter of 2019. Senergy Holding’s losses reached KWD 206,960 ($682,700) in Q1-19, up from KWD 198,150 ($653,640) during Q1-18, …

Financial Results

9 April 2019 11:48 AM Senergy Holding’s unit wins 6-yr contract from KOC

Mubasher: Senergy Holding Company on Tuesday announced that its 86.71%-owned subsidiary has been awarded a six-year agreement from Kuwait Oil Company (KOC) at a value ranges from KWD 11 million to KWD 12 million. Under the contract, Senergy’s unit …

Companies Investments

26 March 2019 00:23 PM Senergy Holding incurs KWD 534,690 losses in 2018

Mubasher: Senergy Holding Company on Tuesday announced turning to loss in the fourth quarter of 2018, incurring KWD 108,080 ($356,910), against a profit of KWD 979,140 ($3.23 million) in Q4-17. For the full-year 2018, the firm suffered losses of …

Financial Results

11 November 2018 05:26 PM Senergy Q3 losses fall 75%

Mubasher: Senergy Holding Company on Sunday reported a 75.1% year-on-year drop in losses for the third quarter of 2018. Net losses amounted to KWD 106,310 ($350,400) in Q3-18, compared to KWD 427,070 ($1.41 million) in Q3-17, according to a filing …

Financial Results

12 September 2018 04:21 PM Al Safat exits stake in Senergy Holding

Mubasher: Al Safat Holding has sold 5.6 million shares in Senergy Holding through a private transaction, according to a bourse statement on Wednesday. The transaction was executed at a value of 30 fils per share or about KWD 168,000 ($555,700). It …

Trading Activities

12 August 2018 03:46 PM Senergy records 6.79m shrs private deal on Sunday

Mubasher: Boursa Kuwait announced that Senergy Holding Co registered on Sunday a private transaction through which 6.79 million shares were exchanged. The total value of Senergy’s private transaction is about KWD 176,760 or 26 fils per share. By …

Trading Activities

29 July 2018 03:47 PM Senergy registers 5m-share private deal on Sunday

Mubasher: Boursa Kuwait announced that a private transaction was executed on the stock of Senergy Holding Co, according to a filing on Sunday. The deal included 4.64 million shares for 33 fils per share at a total value of nearly KWD 153,220. At …

Trading Activities

14 June 2018 01:45 PM Senergy nods to withholding FY17 dividends

Mubasher: Senergy Holding Co has approved the board’s recommendation on distributing zero dividends for fiscal year ended on 31 December 2017. The postponed ordinary general meeting (OGM) approved the income statements of FY17 in which profits …

Corporate Actions

26 March 2018 01:24 PM Senergy raises stake in subsidiaries

Mubasher: Senergy Holding Company has increased its direct and indirect ownership in two subsidiaries; Synergy Energy Services Eastern and National Oilfield Services. Senergy has raised its direct stake in Synergy Energy Services Eastern by 3% to …

Trading Activities

25 December 2017 11:17 AM UAE’s Grandweld to pay AED 19m to Senergy’s subsidiary

Mubasher: Senergy Holding Co announced that a 91.053%-owned subsidiary has signed an agreement with the UAE company Grandweld to repay AED 19 million ($5.2 million), according to a statement disclosed on Monday. This repayment agreement followed …

Corporate Actions

27 November 2017 11:59 AM UAE court orders Grandweld to pay AED 16m to Senergy unit

Mubasher: The cassation court in the UAE has issued a ruling in favor of a 91.053%-owned subsidiary of Senergy Holding, which is listed on Boursa Kuwait. The UAE court has ordered Grandweld, which is the plaintiff company, to pay AED 16.243 …

Law

12 November 2017 11:10 AM Senergy Q3 losses shrink 86.8%

Mubasher: Senergy Holding Co reported a decline of 86.8% in losses during the third quarter of 2017 compared to the same period a year ago. Losses shrank to about KWD 427,030 ($1.41 million) in Q3-17 from KWD 3.24 million ($10.73 million) in …

Financial Results

8 August 2017 03:07 PM UAE court issues ruling on Senergy unit lawsuit

Mubasher: The court of cassation in the UAE has issued a ruling that orders Grandweld to pay AED 16.24 million ($1.33 million) to a subsidiary of Senergy Holding, Synergy Energy Services. This payment will be in addition to back interests of 9% …

Law

6 August 2017 10:17 AM Senergy Holding losses up in Q2

Kuwait – Mubasher: Senergy Holding on Sunday posted a 36% year-on-year rise in losses for the second quarter of 2017, according to a bourse filing. Net losses amounted to KWD 273,040 ($902,500) in Q2-17, compared to KWD 200,750 ($663,500) in …

Financial Results

26 July 2017 05:52 PM Senergy exits stake in Egypt’s National Drilling

Mubasher: The Kuwait-listed Senergy Holding Co has completed the entire procedures required for exiting its stake in National Drilling Co, an Egyptian company providing oil and gas drilling services in Egypt. Senergy has transferred its whole …

Company News

11 May 2017 05:13 PM Senergy losses shrink 8% in Q1

Kuwait – Mubasher: Senergy Holding reported a decrease of 8% in losses during the first quarter of 2017, compared to the same period of the prior year. The company’s losses declined to about KWD 207,200 ($679,140) in Q1-17 from nearly KWD 225,200 …

Financial Results

22 February 2017 09:38 AM Senergy unit extends deal with Kuwait Oil

Mubasher: Senergy Holding Co said that its 67.7%-owned subsidiary received a letter to renew its contract with Kuwait Oil Company. The overall value of the contract is $26 million, with a duration of two years, according to a bourse filing issued …

Companies Investments

19 February 2017 00:17 PM National Drilling shareholders nod to takeover price

Mubasher: National Drilling Co said that the shareholders approved the completion of selling their entire shares to a board member, Ahmad Rashad Muhammad, at a price of $8.335 per share. The Egyptian company said that the legal procedures required …

Board of Directors

19 February 2017 10:11 AM Senergy reduces National Drilling deal value

Mubasher: The Boursa Kuwait-listed Senergy Holding Co approved a request over purchasing its stake in National Drilling Co, which is listed on the Egyptian Exchange (EGX). The stake buyer requested a reduction of $1.1 million from the value of the …

Mergers and Acquisitions