Sultan Center Food (SULTAN)

Mubasher: The financial statements of Sultan Center Food indicated a drop in profits by 10.3% annually in the fiscal year (FY) ended in December 2019, due to a lower share of results from an associate. The earnings totalled KWD 2.24 million ($7.19 …

Mubasher: Sultan Center Food on Sunday has inaugurated its new flagship store in Al Kout Mall in Kuwait during a ceremony attended by the company’s board and senior management members as well as a group of business partners and representatives of …

Mubasher: Sultan Center Food announced the approval of the Capital Markets Authority (CMA) for the prospectus of the private placement on issuing KWD 15 million worth of convertible bonds to ordinary shares in the company’s capital. The company …

Mubasher: Sultan Center for Trading and General Contracting, a 99%-owned subsidiary of Sultan Center Food, sold a property at a value of KWD 7.375 million in Al Dajeej area, listed under investment properties article in the group's consolidated …

Mubasher: The Kuwaiti Capital Markets Authority (CMA) has approved the capital reduction of Sultan Center Food to KWD KWD 28.941 million, according to a bourse filing on Thursday. The company’s board of directors previously recommended cutting the …

Mubasher: The board of Sultan Center Food approved to submit a recommendation to Kuwait’s Capital Markets Authority (CMA) to reduce the firm’s capital. The board recommended to cut the issued and paid-up capital by 50% to KWD 28.941 million from …

Mubasher: Sultan Center Food received the approval of Kuwait’s Capital Markets Authority (CMA) to issue convertible bonds at a value not exceeding KWD 15 million that can be transferred into shares in the firm’s capital. These bonds will be …

Mubasher: Sultan Center Food announced that its 99%-owned subsidiary National Energy has signed a contract to sell its stake in two investments at a total value of $35 million. As part of a restructuring plan, National Energy will sell its full …

Mubasher: Kuwait-based Sultan Center Food reported a 28% year-on-year decrease in profit during the first quarter of 2019. The company’s profits amounted to KWD 670,520 ($2.21 million) in Q1-19, compared to KWD 930,520 ($3.07 million) in Q1-18, …

Mubasher: Sultan Center Food announced the appointment of Khadija Oubala as its new CEO. Oubala will replace the current CEO Abdel-Salam Bdeir, the company said in a statement to Boursa Kuwait on Tuesday. During the first nine months of 2018, the …

Mubasher: The ordinary general meeting (OGM) of Sultan Center Food approved an increase of KWD 25 million in its authorised capital. Sultan Center will raise its capital to KWD 82.88 million from KWD 57.88 million, according to a bourse statement …

Mubasher: Sultan Center Food on Tuesday announced that the extraordinary general meeting (EGM) has been rescheduled to Wednesday, 18 July, due to lack of quorum during a meeting held the previous day.  The shareholders will discuss increasing the …

Mubasher: The board members of Sultan Center Food on 28 May approved the recommendation of increasing the authorised capital by KWD 25 million. Sultan Center has called for holding an extraordinary general meeting (EGM) to raise its authorised …

Mubasher: Sultan Center Food registered a jump of 405.5% in profits during to the first quarter of 2018 compared to the same period in the prior fiscal year. Earnings grew to nearly KWD 930,520 ($3.09 million) in Q1-18 from around KWD 184,080 …

Mubasher: Sultan Center Food (Sultan) on Sunday announced that its board had approved increasing the company’s authorised capital by KWD 15 million during their meeting on Thursday 26 April 2018. The company would raise its authorised capital to …

Mubasher: Boursa Kuwait announced that trading on the stock of Sultan Center Food has resumed starting Sunday, 18 March, according to the latest maximum price when the stock’s last trading day. Last week, Sultan Center announced the latest …

Mubasher: Sultan Center Food reported a decline of 74.3% in losses during the fourth quarter of 2017 compared to the same period in the previous year. Losses decreased to KWD 6.6 million ($22.04 million) in Q4-17 from KWD 25.73 million ($85.91 …

Mubasher: Sultan Center Food has submitted a request to the Capital Markets Authority (CMA) to renew the suspension resolution of trading its stock on Boursa Kuwait for 45 days until the company completes the process of signing agreements and main …

Mubasher: Boursa Kuwait on Thursday announced that it will continue suspending trading on nine stocks for various reasons. The affected companies are Kuwait Bahrain International Exchange, Warba Insurance, Kuwait Gypsum Manufacturing and Trading, …

Kuwait - Mubasher: Sultan Center Food reported a 79.8% rise in profits year-on-year in the second quarter of 2017. Profits reached KWD 1.17 million ($3.88 million) in Q2-17, compared to KWD 650,810 ($2.16 million) in Q2-16, according to a bourse …

By: Mohamed Farouk Kuwait – Mubasher: Financial results of 14 companies listed on the Kuwait Stock Exchange's (KSE) consumer services sector showed a combined profit year-on-year growth of 7% in the third quarter of 2016. Profits for the sector …

Kuwait – Mubasher: Sultan Center Food recorded a leap of 1040.5% in profits during the third quarter of 2016 as compared to the same period a year ago. Earnings jumped to about KWD 349,900 ($1.15 million) in Q3-16 from nearly KWD 30,680 ($100,730) …

Kuwait – Mubasher: Sultan Center Food announced an increase in its net profit for the second quarter and the first half of the fiscal year 2016. Q2 net profit rose 25% year-over-year to KWD 655,150 ($2.17 million) from KWD 525,130 ($1.73 million). …

Kuwait-Mubasher: Sultan Center Food reported a 5.6% growth in earnings of the first quarter this year as compared to the same period in 2015, according to a bourse filing issued Monday. The company’s profits increased to nearly KWD 449,200 ($1.49 …

Kuwait-Mubasher: Sultan Center Food reported a decrease of 49.6% to KWD 1.11 million ($3.64 million) in earnings of the first nine months, compared to KWD 2.2 million ($7.21 million) in the same period of 2014. The company clarified in a bourse …