United Projects Company for Aviation Services (UPAC) News - Mubasher Info
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United Projects Company for Aviation Services (UPAC`R)

Last update: 31 December 2025 11:43 AM market time.
217.00
57.00
35.63%
Open 223.00
Previous Close 160.00
High 223.00
Low 217.00
Stock Statistics
Volume 301
Turnover 65.71
All data are 15 minutes late during market session

News

UPAC’s earnings fell by 4% in 2109
30 April 2020 10:40 AM UPAC’s Discovery revenues may fall KWD 400K on COVID-19
Mubasher: United Projects Company for Aviation Services (UPAC) has decided to exempt some tenants in the company's Discovery Center from rent fees due to the current economic crisis and its negative consequences on small and medium-sized …
Management Decisions
The capital hike will finance UPAC’s future operations
15 March 2020 10:43 AM UPAC board approves 45% capital hike
Mubasher: The board of United Projects Company for Aviation Services (UPAC) has approved raising the company’s issued and paid-up capital by 45% to KWD 23.85 million from KWD 16.45 million, subject to regulatory approvals.      Therefore, the …
Board of Directors
Profits declined to KWD 9.3 million in 2019
15 March 2020 09:45 AM UPAC sees 4% lower earnings in 2019
Mubasher: United Projects Company for Aviation Services (UPAC) registered a drop of 3.9% in profits during the fiscal year (FY) ended on 31 December 2019.  Profits for the period declined to KWD 9.33 million, compared to KWD 9.71 million in …
Financial Results
Photo Archive
5 November 2019 00:40 PM UPAC profits grow 30.5% in Q3
Mubasher: United Projects Company for Aviation Services (UPAC) reported on Tuesday a 30.5% increase in profits during the third quarter (Q3) of the year. Profits reached KWD 3.21 million ($10.6 million) in Q3-19, compared with KWD 2.46 million …
Company News
UPAC posted a decline of 8.5% in Q1-19 profits
28 July 2019 00:12 PM UPAC’s profits down 16% in H1-19 on lower revenue
Mubasher: The United Projects Company for Aviation Services (UPAC) posted a year-on-year decline of 22.5% in profits during the second quarter of 2019. From April to June 2019, UPAC registered KWD 2.19 million ($12.73 million) worth of profits, …
Financial Results
Profits shrank to KWD 2.04 million ($6.73 million) in Q1-19
14 May 2019 03:00 PM UPAC posts 8.5% decline in Q1 profits
Mubasher: The United Projects Company for Aviation Services (UPAC) reported a decrease of 8.5% in profits during the first quarter of 2019 compared to the corresponding period a year earlier. Profits shrank to KWD 2.04 million ($6.73 million) in …
Financial Results
Distributions make up 21% of UPAC’s capital
9 April 2019 04:28 PM UPAC nods to 21 fils/shr dividends for FY18
Mubasher: Kuwait-based United Projects Company for Aviation Services’ (UPAC) general assembly meeting on Tuesday approved the board of directors’ recommendation to distribute 21 fils per share as cash dividends for 2018. Distributions make up 21% …
Board of Directors
The capital increase was about KWD 3.275 million worth shares at par value
20 February 2019 05:02 PM UPAC’s rights issue closed at KWD 18m shrs
Mubasher: United Projects Company for Aviation Services (UPAC) announced that the rights issue offered from 17 January to 14 February 2019 has been completed to raise its capital. The capital hike subscription included 32.75 million ordinary …
Management Decisions
Earnings decreased to KWD 2.19 million ($7.22 million) in Q4-18
11 February 2019 10:07 AM UPAC’s profits down 21.5% in Q4; annual dividends proposed
Mubasher: United Projects Company for Aviation Services (UPAC) registered a decline of 21.5% in the fourth quarter of fiscal year 2018 compared to the same period last year. Earnings decreased to KWD 2.19 million ($7.22 million) in Q4-18 from KWD …
General Assembly
UPAC closed Sunday’s session 8.55% higher at 635 fils
23 December 2018 03:21 PM CMA nods to UPAC’s capital hike prospectus
Mubasher: United Projects Company for Aviation Services (UPAC) announced that the Capital Markets Authority (CMA) approved the rights issue prospectus, according to a bourse disclosure on Sunday. UPAC will disclose the duration of the subscription …
Corporate Actions
UPAC’s capital hike will be through adding KWD 3.275 million
25 November 2018 10:35 AM UPAC gets nod to KWD 3m capital hike
Mubasher: United Projects Company for Aviation Services (UPAC) announced that the Capital Markets Authority (CMA) has approved for the company to raise the issued and paid-up capital to KWD 16.45 million from KWD 13.175 million. UPAC’s capital …
Corporate Actions
22 November 2018 02:09 PM Kuwait’s civil aviation directorate, UPAC ink KWD 5m deal
Mubasher: Kuwait’s Directorate General of Civil Aviation (DGCA) has signed an auction agreement with United Projects Company for Aviation Services (UPAC) at a value of KWD 5.35 million ($17.63 million). The auction period will last for five years, …
Companies Investments
Net profits amounted to KWD 2.46 million ($8.12 million) in Q3-18
6 November 2018 11:17 AM UPAC generates KWD 7.5m profit in 9M
Mubasher: United Projects Company for Aviation Services (UPAC) posted a 2.5% year-on-year increase in profits for the third quarter of 2018. Net profits amounted to KWD 2.46 million ($8.12 million) in Q3-18, compared to KWD 2.4 million ($7.92 …
Financial Results
Raising the capital will be through issuing 32.75 million ordinary
13 September 2018 11:55 AM UPAC approves 25% capital hike via ordinary shares
Mubasher: United Projects Company for Aviation Services (UPAC) announced that its board members approved on Wednesday to raise the issued and paid-up capital by 25%. UPAC will increase its capital by KWD 3.275 million to KWD 16.450 million from …
Companies Investments
The growth in H1 profits is attributed to higher operating income
5 August 2018 01:09 PM UPAC’s operations in Kuwait Airport boost H1 financials – CEO
Mubasher: United Projects Company for Aviation Services’ (UPAC) operations in Kuwait International Airport (KIA) and other major areas in the country have enhanced the growth in profits during the first half of 2018, the CEO of UPAC, Nadia Akil, …
Financial Results
UPAC recorded an increase of 13.9% in H1 profits
5 August 2018 11:42 AM UPAC records KWD 5m profits in H1
Mubasher: United Projects Company for Aviation Services (UPAC) achieved an incline of 24.1% in profits during the second quarter of 2018 compared to the same period a year ago. Earnings grew to KWD 2.83 million ($9.4 million) in Q2-18 from KWD …
Financial Results
Earnings increased to KWD 2.23 million ($7.41 million) in Q1-18
14 May 2018 10:26 AM UPAC profits up 2% in Q1 on higher operating income
Mubasher: United Projects Company for Aviation Services (UPAC) achieved a growth of 2.3% in profits during the first quarter of 2018 compared to the same period in the previous year. Earnings increased to KWD 2.23 million ($7.41 million) in Q1-18 …
Financial Results
BWC Aviation bought UPAC’s shares for a combined value of KWD 19.59m
11 April 2018 10:44 AM BWC Aviation buys 31m shares in UPAC
Mubasher: United Projects Company for Aviation Services (UPAC) on Wednesday announced that BWC Aviation had acquired 31.09 million shares in the company through an initial public offering (IPO). The acquisition aims at increasing UPAC’s capital, …
Mergers and Acquisitions
This new company was established by five contributors
4 March 2018 02:13 PM UPAC to found new firm with KWD 3.25m capital
Mubasher: United Projects Company for Aviation Services (UPAC) has established United UPAC Real Estate with a capital standing at KWD 3.25 million, as reported by Al Qabas Newspaper. This new company was established by five contributors, headed by …
Corporate Actions
UPAC’s stock increased by 20% to be the top winner at Boursa Kuwait
27 February 2018 00:33 PM UAE’s Reem Mall seen as UPAC milestone in MENA – CEO
Mubasher: United Projects Company for Aviation Services (UPAC) has registered several investments in fiscal year 2017, namely related to developing the Reem Mall project in Abu Dhabi, the CEO and deputy chairman of UPAC, Nadia Akil, told Al Rai …
Companies Investments
The increase in FY17 profits is attributed to higher operating profits
27 February 2018 09:30 AM UPAC profits grow in FY17; board proposes 121% dividend
Mubasher: United Projects Company for Aviation Services (UPAC) achieved an increase of 22.4% in profits during the fourth quarter of 2017 compared to the same period in the prior year. Earnings grew to KWD 2.79 million ($9.32 million) in Q4-17 …
Banking and Finance
UPAC will own an equity of approximately 10% in Al Farwaniya
12 February 2018 11:09 AM UPAC says liabilities in UAE’s Reem Mall grow to $417m
Mubasher: United Projects Company for Aviation Services (UPAC) said that the collaborators in the Reem Mall project in Abu Dhabi has completed all the final requirements for a credit facility contract valued at $457 million. UPAC, listed on Boursa …
Companies Investments
The CMA approved the final rights issue prospectus to raise UPAC's capital by KWD 3.175 million
6 February 2018 00:49 PM CMA nods to extending UPAC’s rights issue subscription
Mubasher: The Capital Markets Authority (CMA) approved for United Projects Company for Aviation Services (UPAC) to extend the subscription period to raise capital. The CMA agreed to extend the rights issue duration until 30 April 2018, according …
Corporate Actions
UPAC has inked this agreement with GBK and ABK
25 December 2017 04:13 PM Agility’s UPAC inks $166m credit facility deal
Mubasher: Agility Public Warehousing announced that its subsidiary United Projects Company for Aviation Services (UPAC) has signed an agreement to obtain a credit facility worth KWD 50.1 million ($166.2 million) for five years. UPAC has inked this …
Companies Investments
Al Houri kept his membership in the board as a non-executive member
23 November 2017 10:48 AM UPAC names new chairman
Mubasher: United Projects Company for Aviation Services (UPAC) held a board meeting on Wednesday when Hasan Bassam Al Houri submitted his resignation from the chairman position. Al Houri kept his membership in the board as a non-executive member, …
Company News