Aan Digital Services Co

Mubasher: The Kuwaiti AAN Digital Services Holding Company announced the delisting of its shares from Dubai Financial Market (DFM) upon the Kuwaiti Capital Markets Authority (CMA) resolution to delist from Boursa Kuwait. Delisting AAN Digital’s …

Mubasher: Aan Digital Services Co, dually listed on the Dubai Financial Market (DFM) and Boursa Kuwait, reported  KWD 265,211 ($845,740) net profits attributable to the owners of the parent company in 2019, versus net losses of KWD 829,075 ($2.64 …

Dubai – Mubasher: Aan Digital Services Co, dually listed on the Dubai Financial Market (DFM) and Boursa Kuwait, announced the approval for the new board of directors during a meeting held on Sunday, 22 December. The firm appointed Ali Mohammad Al …

Mubasher: Aan Digital Services Co, listed on the Dubai Financial Market (DFM) and Boursa Kuwait, generated profits of KWD 895,610 ($2.96 million) during the third quarter (Q3) of 2019, against losses of about KWD 637,380 ($2.1 million) during …

Dubai — Mubasher: Aan Digital Services Co, listed on the Dubai Financial Market  (DFM) and Boursa Kuwait, announced reshuffling its board of directors during a meeting held on Sunday, 2 June. The firm has appointed Abdulmohsen Shahrayan Hasan Ali …

Mubasher: Aan Digital Services Co registered a decrease of 95.6% in losses during the fourth quarter of 2018 compared to the corresponding period last year. Losses shrank to about KWD 234,020 ($772,180) in Q4-18 from nearly KWD 5.33 million …

Dubai – Mubasher: A new group of five companies double-listed on the Dubai Financial Market (DFM) and other markets denied on Thursday their exposure to  the ailing private equity firm Abraaj Group, once one of the developing world’s influential …

By: Mohamad Farouk Mubasher: The income statements of 60 companies listed on Boursa Kuwait reported a decrease of 4.9% in profits during the fourth quarter of 2017 compared to the same quarter in 2016. Earnings of the total 60 firms declined to …

Mubasher: Aan Digital Services Co registered a decrease of 49.7% in losses to KWD 3.83 million ($12.79 million) in the fourth quarter of 2017 compared to KWD 7.62 million ($25.44 million) in the same period of 2016. During fiscal year 2017, losses …

Mubasher: ANN Digital Services (previously Hits Telecom) on Sunday reported turning to losses in the second quarter of 2017. The company, which is listed in Kuwait and Dubai, suffered KWD 702,880 ($2.33 million) in losses in Q2-17 versus KWD …

By: Mahmoud Gamal Dubai – Mubasher: Hits Telecom Holding’s stock rose early Tuesday on the back of news that the company has acquired a stake in a UK-based firm, an analyst said. By 10:20 am UAE time, the stock surged 6% to AED 0.87 on the Dubai …

Mubasher: The ordinary general meeting (OGM) of Hits Telecom Holding approved changing the company’s name to AAN Digital Service Holding Company, according to a bourse statement issued on Sunday. The shareholders of Hits Telecom, which is listed …

Zain – Mubasher: Boursa Kuwait’s telecommunications sector enjoyed a positive performance in the fourth quarter of 2016, registering a year-on-year growth of 34%. The sector includes four stocks, namely Mobile Telecommunications (Zain), Kuwait …

Mubasher: The losses of Hits Telecom Holding shrank by 6.1% to total KWD 5.97 million ($1.6 million) during the fourth quarter of 2016 from KWD 6.36 million ($1.7 million) in the same period of 2015. The company, which is listed on both Boursa …

Kuwait – Mubasher: The financial statements of Hits Telecom reported profits during the third quarter of 2016 versus losses in the same period a year ago. Earnings reached about KWD 484,340 ($1.6 million) in Q3-16 against losses of about KWD …

Dubai – Mubasher: GFH Financial Group and Hits Telecom Holding’ stocks acquired more than 50% of the Dubai Financial Market (DFM) in Tuesday’s mid trading, with a total turnover of AED 106 million. By 11:40am UAE time, GFH grew by 0.86% to AED …

Kuwait – Mubasher: Hits Telecom Holding said that a fully owned subsidiary has managed to sign an exclusive contract with one of the mobile operators in Jordan. Establishing a Jordanian company that is fully owned by Hits will follow the signing …

Kuwait – Mubasher: Kuwaiti telecommunication companies reported a 1.8% increase in their net profits in the second quarter of 2016 ending on 30 June 2016. The four telecom companies, VIVA, Zain, Ooredoo and Hits Telecom, achieved KWD 64.26 million …

Kuwait – Mubasher: Hits Telecom Holding’s profits surged 1529% year-on-year to KWD 908,990 ($3 million) in the second quarter of 2016 from KWD 55,800 ($184,481). Higher profits of joined projects contributed to the increase in profits, according …

Mubasher: Kuwait-based Hits Telecom Holding is one of the few stocks in the UAE stock markets that exhibit a favorable medium-term structure, according to a report released by MubasherTrade Research (MTR). The telecom operator’s last price is AED …

By: Ahmad Awad Kuwait-Mubasher: Hits Telecom Holding has exerted huge efforts in the past period to decrease its losses to a maximum level, in line with developing its business activity, said chairman Saad Al Barrak. The company’s accumulated …

Kuwait-Mubasher: Hits Telecom Holding will hold an extraordinary general meeting on 1 June to amend articles of association and statute, according to a bourse statement. The KSE-listed company will add an article which will allow purchasing and …

Kuwait-Mubasher: Hits Telecom Holding suffered a 30.1% increase in losses of the fourth quarter in 2015 as compared to Q4-14. The company’s losses widened to KWD 6.36 million ($21.03 million) in Q4-15, from KWD 4.88 million ($16.13 million) in …

Kuwait-Mubasher: Hits Telecom Holding said that the legal conflict between the company, in its capacity as parent guarantor, and a creditor has been settled through the “original debtor,” according to a statement issued on the bourse on Sunday. …