Maridive and Oil Services (MOIL)

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News

28 April 11:47 AM Maridive & Oil Services' standalone net losses widen to $21m in 2025

Cairo - Mubasher: The non-consolidated net losses after tax of Maridive & Oil Services reached $21.16 million in 2025, higher by 234% year-on-year (YoY) than $6.32 million. The loss per share deepened to $0.04 in the January-December 2025 period …

Financial Results

10 March 02:43 PM Maridive stock tests EGP 0.45 resistance after strong rebound

Cairo - Mubasher: The stock of Maridive & Oil Services successfully rebounded from key support at EGP 0.38, accompanied by high trading volumes, after a sharp correction following the previous upward wave. The correction level exceeded the 61.8% …

Trading Activities

26 January 04:05 PM Maridive & Oil Services to sell vessel Harmouni DUA for $5m

Cairo - Mubasher: Maridive & Oil Services plans to sell the vessel Harmouni DUA for $5 million, following a series of financial and technical evaluations. The board members also approved the financial valuation report prepared by RSM Financial …

Board of Directors

14 December 2025 01:31 PM Maridive & Oil Services wins 3-year petroleum contract in UAE

Cairo - Mubasher: Maridive & Oil Services has signed a three-year contract in the UAE to provide exploration, maintenance, and production support services in the petroleum sector. The deal, valued at $8.95 million annually, is scheduled to start …

Companies Investments

8 December 2025 10:48 AM Maridive’s unit wins 15-year petroleum services contract in GCC country

Cairo - Mubasher: Maridive Offshore Projects, a subsidiary of Maridive & Oil Services, secured a 15-year contract in Qatar to provide maintenance and production support services in the petroleum sector. The contract holds an annual value of $10.15 …

International Agreements

15 July 2024 02:07 PM Maridive & Oil Services logs 152% YoY higher consolidated profit in Q1-24

Cairo – Mubasher: Maridive & Oil Services reported a 152% year-on-year (YoY) surge in consolidated net profit to $20.37 million in the first quarter (Q1) of 2024 from $8.08 million. Revenues jumped by 35% YoY to $56.10 million in Q1-24 from $41.57 …

Financial Results

26 May 2024 03:49 PM Maridive & Oil Services turns to profits in 2023

Cairo – Mubasher: Maridive & Oil Services shifted to a consolidated net profit of $47.69 million in 2023, against a net loss of $106.34 million a year earlier. Operating revenues soared to $186.47 million last year from $102.44 million in 2022, …

Financial Results

13 December 2023 00:20 PM Maridive’s turns to $29m net profits in 9M-23 consolidated results

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 …

Financial Results

17 October 2022 00:00 PM Maridive receives offer from Ancla Marine Ship to buy unit

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 …

Mergers and Acquisitions

3 July 2022 01:20 PM EFG Capital raises stake in Maridive

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 …

Companies Investments

10 May 2022 03:46 PM Maridive’s EGM nods to 6% authorised capital cut

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 …

Management Decisions

16 August 2021 09:47 AM Maridive & Oil Services posts 34% profit drop in H1-21

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 …

Financial Results

6 July 2021 03:31 PM Maridive says no deal reached with Al Subeai on subsidiary sale

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 …

Mergers and Acquisitions

6 July 2021 00:36 PM Maridive's shareholders approve authorised capital cut

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 …

Corporate Actions

30 June 2021 11:32 AM Maridive & Oil Services reports 30% lower loss in Q1-21

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 …

Financial Results

4 May 2021 10:00 AM Maridive swings to loss in 2020

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 …

Financial Results

15 February 2021 10:44 AM Maridive's board accepts $48m acquisition offer for subsidiary

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 …

Corporate Actions

11 February 2021 00:33 PM Maridive receives $48m acquisition offer for subsidiary

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 …

Mergers and Acquisitions

23 December 2020 00:27 PM Maridive reveals reasons behind loss increase in 9M

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 …

Financial Results

22 December 2020 00:41 PM Maridive’s loss swells 317% in 9M

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 …

Financial Results

30 November 2020 02:23 PM Maridive's pre-tax loss balloons 230% in 9M

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 …

Financial Results

1 October 2020 11:13 AM Maridive’s loss widens 977% in H1

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. …

Financial Results

15 September 2020 10:46 AM Maridive's unaudited consolidated losses jump 394% in H1-20

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 …

Financial Results

13 August 2020 04:44 PM Maridive’s consolidated loss balloons 651% in Q1-20

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’ …

Financial Results

9 July 2020 00:37 PM Maridive’s losses swell 434% in Q1 standalone financial indicators

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 …

Financial Results