Marka PJSC

Dubai – Mubasher: The Reem Al Bawadi acquisition is not the main cause of Marka’s continued losses, chairman Khalid bin Kalban told local media, indicating that the high-value deals Marka entered into during the previous board’s tenor was the …

Dubai – Mubasher: Marka on Thursday posted a net loss of AED 47.59 million for the first nine months of 2018, compared to AED 198.87 million in the same period a year earlier. Revenue shrank to AED 57.73 million in the nine-month period ended …

Mubasher: Marka announced on Tuesday the expansion of its lifestyle portfolio by launching their homegrown dining concept, The Kitchen Restaurant Deli. The new business will open its doors at the prevalent Dubai Design District, the modern Arabic …

Dubai – Mubasher: The UAE’s Securities and Commodities Authority (SCA) has said that Dubai-listed Marka’s board proposal to cut capital then raise it again required subsequent legal measures. The SCA stated that it would examine the proposal both …

Dubai – Mubasher: Marka on Wednesday said that its board has recommended the reduction of capital by AED 450 million. Following the reduction, the company would increase its capital by up to AED 250 million "with an option of AED 150 million to be …

Dubai – Mubasher: Marka on Wednesday posted a net loss of AED 19.98 million for the first half of 2018, compared to AED 153.89 million in the same period a year earlier. Revenues narrowed to AED 40.3 million in the six-month period ended June, …

Dubai – Mubasher: Marka’s net loss dropped 71% year-on-year to AED 8 million in the first quarter of 2018. Revenue tumbled 39% to AED 20.4 million in Q1-18 versus AED 33.3 million in the year-ago period, according to a company statement released …

Dubai – Mubasher: Marka’s ordinary general meeting (OGM) has approved the continuance of the company’s activities and postponed its decision regarding a proposed capital reduction or increase to another meeting to be held on 4 September. The …

Dubai – Mubasher: The UAE-based, Marka on Tuesday stated that its net losses increased by 89% year-on-year in the third quarter of 2017. The company’s losses reached AED 22.3 million ($6.06 million) in Q3-17, compared to AED 11.8 million ($3.21 …

Dubai – Mubasher: Marka’s stock rose 4.12% reaching AED 0.708, registering its highest growth since 11 September trading session, and hit highest level since 10 October trading session by 10:50 am UAE time on Monday on the Dubai Financial Market …

Dubai – Mubasher: Marka’s board is currently working on exiting a number of investments in the sports and fashion sectors after the latter suffered strong losses in the past few years, the company’s board chairman has said. Marka’s expansion in …

Dubai – Mubasher: Marka on Thursday stated that its shareholders approved to authorise the board of directors to continue the company’s activities, and to continue restructuring plans to solve its accumulative losses. These decisions took place …

Dubai – Mubasher: Marka on Tuesday said it suffered a sharp rise in losses by 573.8% year-on-year in the second quarter of 2017. The company suffered AED 126 million ($34.3 million) in losses in Q2-17, up from AED 18.7 million ($5.09 million) …

Dubai – Mubasher: Marka PJSC reported that its board of directors will discuss the company's financial results for the second quarter of 2017 on 26 July, according to a statement to the Dubai Financial Market (DFM). During the meeting, the …

Dubai – Mubasher: Marka has appointed Benoit Lamonerie as the new CEO, effective as of 28 May, according to a bourse statement. Lamonerie will replace Khaled Al Muhairi, who is currently the company’s vice chairman. 

Dubai – Mubasher: Marka posted a 56% year-on-year increase in its losses during the first quarter of 2017, according to a bourse filing. Net losses reached AED 27.86 million in Q1-17, compared to AED 17.85 million in Q1-16. Revenues declined 23.1% …

Dubai – Mubasher: Marka company on Sunday announced that the lock period on the company founders’ shares will be expired on Tuesday, according to a press release. Unlocking the company’s shares is based on the approval of the Securities and …

Dubai – Mubasher: The ordinary general meeting (OGM) of Marka approved selling shares in Cheeky Monkeys' Management Services to Evolvence Knowledge. The OGM also agreed on setting up an authorized capital of an amount of AED 1 billion, in addition …

Dubai – Mubasher: Marka on Thursday said its ordinary general meeting (OGM) will convene later this month to discuss selling shares in one of its subsidiaries. The OGM is scheduled to convene on 30 April, according to a statement to the Dubai …

Dubai – Mubasher: Marka's consolidated financial statements revealed that the compnay's losses rose 168.6% year-on-year in 2016, according to a bourse filing. Losses reached AED 149 million in 2016, compared to AED 55.48 million in 2015. Higher …

Dubai – Mubasher: Marka reported a 20.8% rise in its losses during the fourth quarter of 2016, according to a bourse statement. Net losses reached AED 39.62 million ($10.79 million) in Q4-16, compared to AED 32.81 million shares in Q4-15. The …

By: Amr Adel Dubai - Mubasher: The deputy chairman and CEO of Marka, Khaled Al Muhairi said on Tuesday that the company is planning to enter the Saudi market in 2017. Al Muhairi also told Mubasher on the sidelines of a press conference that this …

By: Amr Adel Dubai – Mubasher: Marka is currently studying two acquisition deals that can be executed in the UAE during 2017, deputy chairman and CEO of Marka, Khaled Al Muhairi, said. The takeover deals are in the restaurant industry, the CEO …

Dubai – Mubasher: Marka announced on Wednesday that its CEO, Nick Peel, has submitted his resignation which will be effective immediately. The vice chairman and the managing director of Marka, Khaled Al mheiri, will assume the responsibilities of …

Dubai – Mubasher: Marka reported narrowing its losses year-on-year in the third quarter of 2016 by 16.3%, according to a filing to the Dubai Financial Market (DFM) on Tuesday. The company posted AED 11.98 million ($3.26 million) in net losses in …