Maridive and Oil Services (MOIL)

Cairo – Mubasher: Maridive & Oil Services shifted to net profits after tax worth $29.22 million during the first nine months (9M) of 2023 from net losses of $29.09 million in 9M-22, according to the consolidated income statements. The earnings per …

Cairo- Mubasher: Maridive & Oil Services announced receiving an offer from Ancla Marine Ship Management to acquire Valentine Maritime, a wholly-owned subsidiary by Maridive. The company’s board of directors will discuss the takeover offer to …

Cairo - Mubasher: EFG Capital Partners, a subsidiary of Egyptian Financial Group Hermes Holding (EFG Hermes), has raised its stake in Maridive & Oil Services to 5.32% from 8.26% in exchange for $940,000. EFG Capital has purchased 12.36 million …

Cairo- Mubasher: The extraordinary general meeting (EGM) of Maridive & Oil Services approved to reduce the authorised capital to $940.51 million, according to a bourse disclosure on Tuesday. The company will decrease the capital by 5.94% from $1 …

Cairo – Mubasher: Maridive & Oil Services suffered consolidated net losses of $32.28 million in the first half (H1) of 2021, down by 34% year-on-year (YoY) from $48.62 million, including minority shareholders' rights.  The company's revenues …

Cairo - Mubasher: Maridive & Oil Services said that the initial talks for the sale of its subsidiary Maridive Offshore Projects to Al Subeai Investment Group have ended without reaching a satisfactory agreement, according to a bourse disclosure on …

Cairo - Mubasher: The extraordinary general meeting (EGM) of Maridive & Oil Services approved a decision to slash the authorised capital to stand at five times the issued capital.  The authorised capital will be reduced to $940.51 million from $1 …

Cairo - Mubasher: Maridive & Oil Services reported consolidated net losses of $19.8 million during the first quarter (Q1) of 2021, down by 30% year-on-year (YoY) from $28.3 million, the unaudited financial results showed.   The revenues slumped to …

Cairo – Mubasher: Maridive and Oil Services turned to net losses of $143.25 million during 2020, against net profits of $2.6 million in 2019, including minority shareholders’ rights. The company’s revenues retreated to $180.5 million last year …

Cairo – Mubasher: The board of directors of Maridive and Oil Services approved an acquisition offer for 100% of its subsidiary Maridive Offshore Projects for $48 million. The board also accepted the resignation of Mohamed Osman from his position …

Cairo – Mubasher: Maridive and Oil Services received a binding offer from Al Subeai Investment Group for the acquisition of its 99.98%-owned subsidiary Maridive Offshore Projects for $48 million. The payment terms and the completion of the deal …

Cairo – Mubasher: Maridive and Oil Services revealed the reasons behind the increase of its consolidated net losses by more than $70 million year-on-year (YoY) during the first nine months of 2020.   The halt of its project in India due to the …

Cairo – Mubasher: The consolidated net losses of Maridive and Oil Services widened by 316.95% year-on-year (YoY) to $92.67 million in the first nine months of 2020, compared to $22.225 million in the year-ago period. The company’s revenues rose to …

Cairo – Mubasher: Maridive and Oil Services reported pre-tax losses of $31.57 million in the first nine months of 2020, up by 230.58% year-on-year (YoY) from $9.55 million, the unaudited standalone financial results showed. The company generated …

Cairo – Mubasher: Maridive and Oil Services reported a 977% hike in its consolidated net losses, registering $48.62 million in the first half (H1) of 2020, compared to $4.51 million in the year-ago period, including minority shareholders’ rights. …

Cairo – Mubasher: The unaudited consolidated financial results of Maridive and Oil Services recorded a 394% surge in its net losses to $18.02 million in the first six months of 2020, compared to $3.64 million in the same period of 2019. The …

Cairo – Mubasher: The consolidated financial statements of Maridive and Oil Services showed a 651% year-on-year (YoY) rise in its net losses to $28.3 million in the first quarter (Q1) of 2020 from $3.7 million, including minority shareholders’ …

Cairo – Mubasher: The unaudited standalone financial results of Maridive and Oil Services showed a 434% year-on-year (YoY) increase in its net losses to $7.53 million during the first quarter (Q1) of 2020, compared to $1.41 million. The company’s …

Cairo – Mubasher: Maridive and Oil Services said that Khaled Abdullah Al Subeaei Holding Company offered to acquire its 99.99%-owned subsidiary Maridive Offshore Projects. The offer will be referred to the board of directors for approval, Maridive …

Cairo – Mubasher: The consolidated financial statements of Maridive and Oil Services reported an 81% year-on-year (YoY) plunge in its net profits during 2019. The company’s net profits fell to $2.64 million last year from $14.002 million in 2018, …

Cairo – Mubasher: The board of directors of Maridive and Oil Services approved a proposal to increase the share capital of its unit Valentine Maritime by $37 million. Maridive’s board agreed to acquire the remaining minority interest in Valentine, …

Cairo – Mubasher: Maridive and Oil Services is currently in negotiations with some creditor banks to restructure outstanding loans provided to the company in line with its current and future liquidity position. Exiting operations in Venezuela to …

Cairo – Mubasher: The consolidated financial statements of Maridive and Oil Services reported a turn to losses during the first nine months of 2019.  The company incurred net losses of $22.22 million during the nine-month period ended 30 …

Cairo – Mubasher: Maridive and Oil Services turned to losses during the first nine months of 2019, the company’s standalone financial statements showed. The company reported net losses of $9.55 million in the January-September period, against net …

Cairo – Mubasher: The Egyptian Exchange’s listing committee has approved the listing of the increase in Maridive and Oil Services’ authorised capital to $1 billion from $200 million. The committee also listed the increase in the company’s issued …