Unicap Investment and Finance (UNICAP`R)

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News

9 June 2020 02:06 PM Unicap’s unit seals KWD 3m loan with Boubyan Bank

Mubasher: The Board of Directors of Unicap Investment and Finance has approved the First Kuwaiti Company for Educational Services, one of its subsidiaries, to sign a credit facility agreement worth KWD 2.82 million with Boubyan Bank. The loan will …

Banking and Finance

6 January 2020 01:26 PM Unicap inks KWD 15m property sharing agreement

Mubasher: Unicap Investment and Finance announced the signing of a property sharing and asset portfolio management agreement at a value of around KWD 15 million. The deal was signed between Iskan, a wholly-owned subsidiary of Unicap, and Iskan …

Companies Investments

6 January 2020 00:21 PM Unicap pens $20m credit facility agreement

Mubasher: Unicap Investment and Finance has signed a credit facility agreement with a local Kuwaiti bank at a maximum value of $20 million, in order to repay all loans obtained by the company and its subsidiaries. Moreover, Unicap will direct part …

Banking and Finance

3 December 2019 00:04 PM Unicap’s shareholders elect new board

Mubasher: Unicap Investment and Finance’s general assembly approved the election of a new board of directors for the company for the period starting from 1 December 2019 to 31 November 2022, according to the company’s statement. Wadie Abdullah al …

Board of Directors

2 December 2019 10:44 AM Unicap earns KWD 1.5m on dispute settlement

Mubasher: Unicap Investment and Finance posted a net profit of KWD 1.5 million on the back of a dispute settlement with a client, according to a bourse statement. The settlement followed Unicap’s agreement with the client, allowing the company to …

Company News

13 November 2019 03:47 PM Unicap turns to KWD 767k loss in Q3

Mubasher: Unicap Investment and Finance has suffered losses worth about KWD 766,690 ($2.53 million) during the third quarter ended 30 September 2019, against profits of around KWD 421,020 ($1.39 million) in the same period in 2018. During the …

Financial Results

16 October 2019 10:05 AM Unicap announces CEO resignation

Mubasher: Unicap Investment and Finance said that its CEO, Mohamed Abdel Moneim Abdel Wahab Mughira has resigned from his position. The resignation was submitted on Monday, 14 October 2019, and it will be proposed to the coming board meeting for …

Company News

14 October 2019 09:46 AM Unicap inks KWD 20m loan deal with local bank

Mubasher: The board of Unicap Investment and Finance approved to sign a KWD 20 million loan contract with a Kuwaiti local bank, according to a bourse statement on Monday. During its meeting on Sunday, 13 October, the board also consented to sign …

Banking and Finance

16 September 2019 10:41 AM Unicap obtains KWD 20m banking facilities

Mubasher: Unicap Investment and Finance has received approval from a Kuwaiti bank to obtain credit facilities not exceeding KWD 20 million. Any further details will be disclosed upon signing the contract, Unicap said in filing to Boursa Kuwait on …

Company News

16 July 2019 04:38 PM UNICAP denies delisting from Boursa Kuwait

Mubasher: Unicap Investment and Finance (UNICAP) has denied reported over a planned delisting from Boursa Kuwait, according to a bourse statement released on Tuesday. The delisting was not discussed by any of the company’s directors, UNICAP added. …

Companies Investments

3 March 2019 04:59 PM Unicap inks deal to modify KWD 4.5m loan

Mubasher: Unicap Investment and Finance has signed a memorandum of understanding (MoU) with a local bank to extend the limit of the commercial credit facility of KWD 4.551 million.  The company noted that the loan will be modified to end on 30 …

Banking and Finance

13 November 2018 05:54 PM Unicap records higher profits in Q3 on reversing provisions

Mubasher: Unicap Investment and Finance achieved a surge of 69.8% in profits during the third quarter of 2018 compared to the same period a year ago. Earnings grew to KWD 421,000 ($1.39 million) in Q3-18 from KWD 248,000 ($816,790) in Q3-17, …

Financial Results

16 September 2018 04:31 PM UNICAP sells property for KWD 825,000

Mubasher: Unicap Investment and Finance (UNICAP) on Sunday announced that its subsidiary, Iskan, has signed an agreement to sell a real estate located in Abdulla Al-Salem district. The Kuwaiti firm will sell the property for KWD 825,000 ($2.73 …

Real estate

10 September 2018 03:51 PM Five stocks acquire 28% of Boursa Kuwait’s volume on Monday

By: Mohamad Farouk Mubasher: Five stocks listed on Boursa Kuwait, including Unicap Investment and Finance, Zain, Aayan Leasing, the Gulf Bank of Kuwait (GBK), and Burgan Bank, have acquired about 28.4% of the stock market’s trading volume of 90.86 …

Stock Evaluations

16 August 2018 05:09 PM Kuwait’s Unicap inks debt settlement deal with BBK

Mubasher: Unicap Investment and Finance has signed an agreement with Bahrain’s BBK to settle its indebtedness that was delayed as on 31 December 2013. The Boursa Kuwait-listed company will repay about KWD 310,700 ($1.03 million) to BBK as …

Banking and Finance

13 August 2018 05:07 PM Unicap Investment records KWD 3m profits in H1

Mubasher: Unicap Investment and Finance recorded a jump of 497% in profits during the second quarter of 2018 compared to the same period last year. Earnings increased to KWD 2.8 million ($9.25 million) in Q2-18 from KWD 469,000 ($1.55 million) in …

Financial Results

28 June 2018 01:58 PM Unicap to generate KWD 3m profit from exiting investment

Mubasher: Unicap Investment and Finance has achieved a profit valued at KWD 2.73 million ($9 million) after an associate sold its entire shares in a subsidiary. The profits will be registered in the income statements of the second quarter of 2018, …

Companies Investments

3 April 2018 04:15 PM Unicap’s OGM nods to 3% dividends for FY17

Mubasher: The ordinary general meeting (OGM) of Unicap Investment and Finance approved on Tuesday the board’s recommendation to distribute 3% of the capital as a cash dividend for fiscal year 2017. Unicap will pay 3 fils per share to the entitled …

Cash Dividends

13 March 2018 05:15 PM Unicap’s subsidiary to sell asset in Oman

Mubasher: Unicap Investment and Finance announced that its subsidiary, Iskan Oman Investment Company, has passed its recommendation to the extraordinary general meeting (EGM) to sell one of its assets in Oman. The financial impact of this deal …

Companies Investments

28 February 2018 02:49 PM Unicap to pay KWD 2m on court ruling

Mubasher: The court of appeal in Kuwait has issued a ruling rejecting an appeal filed by Unicap Investment and Finance. Upon this court ruling, Unicap will pay KWD 2.11 million to Abdulmohsen Ali Al Khaja, who filed a lawsuit against the Boursa …

Law

6 November 2017 04:57 PM Unicap profits rise 183% in Q3

Mubasher: The financial statements of Unicap Investment and Finance showed an increase in profits for the third quarter of 2017 by 182.9% year-on-year, according to a bourse filing. Profits totalled KWD 250,000 in Q3-17, compared to KWD 88,370 in …

Financial Results

30 July 2017 03:42 PM Unicap receives KWD 2.05m from court ruling

Mubasher: Unicap Investment and Finance has received KWD 2.05 million ($6.77 million) following a court ruling issued in favour of the company and Eskan Real Estate. A debts value of about KWD 416,300 will be collected and registered in the …

Company News

16 July 2017 05:06 PM Unicap shareholders nod to 5% bonus

Mubasher: The ordinary general meeting (OGM) of Unicap Investment and Finance approved the board’s recommendation to distribute 5% as bonus shares for fiscal year 2016. The shareholders approved distributing 1 share per each 20 as a bonus for …

Cash Dividends

10 May 2017 11:15 AM Unicap posts higher profits in Q1

Kuwait - Mubasher: Unicap Investment and Finance achieved a growth of 58.3% in profits to about KWD 571,300 ($1.87 million) during the first quarter of 2017 from nearly KWD 360,900 ($1.18 million) in the same period of 2016. The company suffered …

Financial Results

9 April 2017 10:47 AM Unicap to pay KWD 2.11m on court ruling

Mubasher: A Kuwaiti court has rejected the lawsuit filed by Unicap Investment and Finance against Abdulhassan Ali Khaga, issuing a ruling against the company.  The court has ordered Unicap to pay KWD 2.11 million to Khaga, according to a bourse …

Law