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22 February 08:03 PM

Stocks News

EPS reached 52.14 fils per share last year
23 minutes ago Agility registers KWD 86.8m profit in 2019
Mubasher: Agility Public Warehousing’s profit grew by 7% year-on-year to KWD 86.8 million ($282.58 million) in 2019, compared to KWD 81.1 million ($264.02 million) in 2018. Earnings per share (EPS) reached 52.14 fils per share last year, compared …
Financial Results
The three companies' net profits soared to AED 3.03bn
41 minutes ago Three UAE-listed energy companies posts 64% YoY higher profits in 2019
UAE - Mubasher: The profits of three UAE-listed energy companies surged 64% year-on-year in 2019, supported by higher production and sale value, along with lower costs. The three companies' net profits soared to AED 3.03 billion last year, …
Financial Results
Net insurance premium revenues increased to AED 348.3 million
20 February 11:49 AM RAK Insurance sees AED 3.5m profit in 2019; bonus shares proposed
Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Company (RAK Insurance) registered net profits of AED 3.534 million in fiscal year 2019, down from AED 19.435 million in 2018. The company’s net insurance premium revenues increased to AED …
Financial Results
A 2% higher return on investment (ROI) is expected
19 February 11:18 AM GFH to hold 6.3% stake in Dubai’s Marshal; CEO remains
Mubasher: Bahraini GFH Financial Group will hold a 6.3% stake in its newly-acquired investment, Marshal Equipment and Trading, a leading pan-MENA FinTech company, while the group’s investors will hold up to 63.7%.     Marshal’s existing owner will …
Mergers and Acquisitions
Dividends for the full year may reach 80 fils/share
18 February 09:18 PM Etisalat’s board proposes 40 fils/share dividends for H2-19
Abu Dhabi – Mubasher: Emirates Telecommunication Group’s (Etisalat) board has recommended the distribution of 40 fils per share in cash dividends for the second six months of the fiscal year 2019. The proposed dividends – if approved – will see …
Board of Directors
Travellers can now book for Kuwait-Sharjah flights via website
18 February 06:56 PM Jazeera Airways announces direct flights to Sharjah
Mubasher: Jazeera Airways will launch direct flights to Sharjah starting 2 April 2020, marking the Kuwaiti airline’s third destination to the UAE, following its existing routes to Dubai and Al Ain. Jazeera Airways CEO, Rohit Ramachandran, said: …
Companies Investments
The bonds carry a maturity period of five years
18 February 03:18 PM National Industries’ bond issue fully oversubscribed
Mubasher: The KWD 30 million ($98.6 million) denominated bonds issue of National Industries Group Holding was successfully concluded. The five-year bonds were fully oversubscribed, according to a press release on Tuesday.  The announcement was …
Central Banks
The deal is GFH’s second most significant technology investment
18 February 02:34 PM GFH acquires 70% stake in Fintech leader Marshal
Mubasher: Bahrain’s GFH Financial Group acquired a 70%-stake in Marshal Equipment and Trading, a leading fintech company in the MENA region.  The deal was facilitated through GFH's investment arm, GFH Capital, according to a press release on …
Companies Investments
DP World and the parent company will raise $9 billion debt
18 February 01:16 PM Moody's reviewing DP World’s ratings for downgrade
Dubai – Mubasher: Moody's Investors Service has assigned on review DP World’s ‘Baa1’ long term issuer and senior unsecured ratings, as well as ‘(P)Baa1’ senior unsecured rating placed to the company’s Crescent Limited MTN programme. This …
Ratings
DSI's reputation followed Tabari's statement on 5 February
17 February 05:33 PM DSI denies arrested former CEO’s claims
Dubai – Mubasher: Drake & Scull International (DSI) has refuted the claims of its former CEO, Khaldoun Tabari, regarding the accusations made against him by the company, according to the company’s press release on Monday. The company’s refutation …
Law
The company’s net operating income increased to AED 227.816m
17 February 04:41 PM Finance House logs AED 22m net profits in 2019
Abu Dhabi – Mubasher: The net profits of Finance House reached AED 22.445 million in 2019, up from AED 17.840 million in 2018, according to the company’s consolidated financial statements for 2019. The company’s net operating income increased to …
Financial Results
DP World will be wholly owned by Port and Free Zone World
17 February 04:26 PM DP World to delist from Nasdaq Dubai on shares acquisition
Dubai – Mubasher: DP World announced its delisting from Nasdaq Dubai after its parent company Port and Free Zone World has offered to acquire the 19.55% of the shares trading on the bourse. At a value of $16.75 per share, an agreement was reached …
Companies Investments
FAB made AUD 350 million in a five-year Kangaroo issuance
16 February 06:58 PM FAB issues AED 3bn First-ever Sterling, Kangaroo bonds
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has raised more than AED 3 billion in three days from its first ever Sterling bond and first Kangaroo bond since 2014, according to a press release on Sunday. The UAE’s largest bank has issued GBP …
Banking and Finance
Bank of Sharjah's net operating income increased by 19%
16 February 01:11 PM Bank of Sharjah’s net profits soar to AED 226m in 2019
Abu Dhabi – Mubasher: Bank of Sharjah saw a 74% year-on-year (YoY) hike in net profits to AED 226 million in 2019 when compared to AED 130 million in 2018, according to the bank’s preliminary financial results for 2019. The bank’s net operating …
Financial Results
Amanat may pay 2.2 fils a share dividend for 2019
16 February 12:17 PM Amanat reports AED 60m profit in FY19; dividends proposed
Dubai – Mubasher: The net profits of Amanat Holdings, the GCC’s largest healthcare and education investment company, surged by 39.8% year-on-year (YoY) to AED 60 million when compared to 2018, as shown in the company’s consolidated financial …
Board of Directors
The company’s revenues plunged to $9.372 million
16 February 12:02 PM Naeem Holding moves to losses in 2019 initial results
Cairo – Mubasher: The preliminary financial results of Naeem Holding for Investment, listed on the Egyptian Exchange (EGX) and the Dubai Financial Market (DFM), announced turning to losses during 2019. The dual-listed firm incurred net losses of …
Financial Results
Arabtec's losses per share stood at AED 0.52 in 2019
16 February 11:42 AM Arabtec Holding sees AED774m net losses in 2019
Dubai – Mubasher: Arabtec Holding, a leading engineering and construction group specialising in complex projects in MENA, incurred AED774.499 million net losses attributable to the owners of the parent in 2019, versus AED 256.299 million net …
Financial Results
Loss per share amounted to 14.42 fils last year.
16 February 10:16 AM IFA’s losses shrink 70% in 2019 initial financials
Mubasher: Net losses of International Financial Advisors (IFA) narrowed by 70.7% to KWD 3.6 million (approx. $11.80 million) by 2019 year-end when compared to KWD 12.3 million (approx. $40.30 million) in 2018, the annual unaudited initial …
Financial Results
Earnings per share (EPS) stood at 0.02 cents last year.
16 February 09:48 AM Ithmaar Holding turns profitable in 2019; Zero dividends proposed
Mubasher: The Bahrain-based Ithmaar Holding logged a net profit attributable to equity holders worth $669,000 for the fiscal year ended 31 December 2019, versus a net loss of $23.98 million in 2018. Earnings per share (EPS) stood at 0.02 cents …
Board of Directors
Revenue grew to AED 166.26 million last year
14 February 09:55 PM Gulf Navigation’s loss hikes in 2019
Dubai - Mubasher: Gulf Navigation Holding’s net loss rose to AED 327 million in 2019, compared to AED 40 million in the year-ago period. Revenue grew to AED 166.26 million last year, from AED 147 million a year earlier, according to a bourse …
Financial Results
Revenue dropped to AED 599 million in 2019
14 February 09:52 PM Takaful Emarat swings to profits in 2019
Dubai – Mubasher: Takaful Emarat – Insurance turned to profitability during the fiscal year 2019, according to a bourse statement. The company reported a net profit of AED 14 million last year, against a net loss of AED 38 million a year earlier. …
Stock Evaluations
The deal is pending regulatory approval
14 February 02:49 PM DP World acquires majority stake in Ukrainian container terminal
UAE – Mubasher: Global trade enabler DP World has acquired a 51% stake in TIS Container Terminal in Ukraine’s Port of Yuzhny. The finalisation of the deal is pending the satisfaction of certain conditions, including regulatory approval, according …
Companies Investments
Revenue surged 90% YoY in 12M
13 February 10:11 PM RAK Properties registers AED 101m profit in 2019
Abu Dhabi – Mubasher: RAK Properties has reported a 33% year-on-year profit decline during the fiscal year 2019. The company’s net profit went down to AED 101 million last year, compared to AED 151 million in 2018, according to a bourse statement …
Real estate
Revenue dropped to AED 249.52 million
13 February 09:49 PM Aman’s profit soars 550% YoY in 2019
Dubai – Mubasher: Dubai Islamic Insurance and Reinsurance Company (Aman) has reported a 550% year-on-year surge in profit during the fiscal year 2019. The company’s profit rose to AED 9.62 million last year, compared to AED 1.48 million in 2018, …
Financial Results
Revenues surged to AED 946.85 million
13 February 07:16 PM Manazel’s profit grows 4.3% YoY in 2019
Abu Dhabi – Mubasher: Manazel Real Estate has posted a 4.3% year-on-year profit hike during the fiscal year 2019. The company’s net profit went up to AED 240.6 million last year, compared to AED 230.7 million in 2018, according to a bourse …
Real estate