Unicap Investment and Finance (UNICAP)

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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. …

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 …

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, …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …