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NMC Health is listed on the London Stock Exchange
2 April 11:04 AM ADCB's loans to NMC Health total $981m
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) confirmed that the liabilities of NMC Health Group to the bank have amounted to $981 million as at 31 March 2020, representing less than 1% of the bank's total assets. These liabilities …
The global rating agency has assessed the group's performance in 4 sectors
2 April 10:14 AM S&P assigns GFH with 'B-' credit rating, stable outlook
Mubasher: Standard and Poor's (S&P) has assigned GFH Financial Group a long-term credit rating of 'B-', with a stable outlook, the group disclosed to the Dubai Financial Market (DFM) on Thursday. The global rating agency has assessed the group's …
The distribution of cash dividends stands at 1.91 fils per share
2 April 09:54 AM Finance House's board proposes 2% dividends for 2019
Abu Dhabi – Mubasher: The board of Finance House has recommended distributing 1.91% of the capital as cash dividends for fiscal year 2019. The distribution of cash dividends stands at 1.91 fils per share, amounting to AED 5.776 million, according …
The distribution of bonus shares amounts to 5.775 million shares
1 April 02:06 PM RAK Insurance's shareholders agree on 5% bonus share for 2019
Abu Dhabi – Mubasher: The shareholders of Ras Al Khaimah National Insurance Company (RAK Insurance) have nodded to a bonus issue of 5% of the paid-up capital for 2019. The distribution amounts to 5.775 million bonus shares, raising the total …
The board will determine the date of issuance
1 April 11:16 AM Ajman Bank's shareholders to study $150m Sukuk issuance
Dubai – Mubasher: The shareholders of Ajman Bank will consider the issuance of $150 million Teir 1 Sukuk which are not convertible into shares, according to a recent disclosure to the Dubai Financial Market (DFM). The ordinary general meeting …
The bank's losses per share settled at AED 18.2 last year
1 April 10:38 AM Invest Bank reports 61% lower losses in 2019
Abu Dhabi – Mubasher: The net losses of Invest Bank plunged by 61% year-on-year (YoY) to AED 579 million in 2019 from AED 1.47 billion in 2018. The decrease in net losses is attributed to a decline in operating expenses and impairment …
The total number of shares stands at 892.119 million shares
1 April 10:11 AM DFM executes Khaleeji Commercial Bank's capital reduction
Dubai - Mubasher: The Dubai Financial Market (DFM) has announced that the reduction of Khaleeji Commercial Bank's capital was executed, according to a press release on Wednesday. Following the reduction, the total number of shares stands at …
The full-year cash dividends amounted to AED 2.39 billion
31 March 04:42 PM ADNOC Distribution to pay AED 1.194bn in H2 dividends
Abu Dhabi – Mubasher: The shareholders of ADNOC Distribution approved to distribute the second cash dividends of AED 1.194 billion or 9.55 fils per share for fiscal year 2019. Therefore, the full-year cash dividends amounted to AED 2.39 billion …
The company seeks to support liquidity trading on the futures contracts
31 March 03:42 PM Al Ramz Capital expands market-making activities on Nasdaq Dubai
Dubai – Mubasher: Al Ramz Capital, a subsidiary of Al Ramz Corporation Investment and Development, has expanded its market-making activities in Nasdaq Dubai to promote its position as a leading provider of liquidity on the listed futures. By …
The lower profit is due to a decrease in the fair value (FV) of investment properties
31 March 03:02 PM National International’s earnings slide 24% in 2019; bonus share proposed
Mubasher: The consolidated financial statements of the National International Holding Company showed a 24.13% drop in net profits during the fiscal year (FY) 2019 at KWD 1.7 million from KWD 2.3 million in 2018. In the fourth quarter (Q4) of 2019, …
Aramco has set the selling price of propane for April futures at $230 per tonne
31 March 02:55 PM Saudi Aramco lowers propane price to $230/ton in April
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) has set the selling price of propane for April futures at $230 per tonne, down from $430 per tonne in March. Aramco further announced, as cited by Reuters, that the selling price of …
The accumulated losses are driven by the negative effect of the subsidiaries
31 March 01:10 PM Aman logs AED 103m accumulated losses
Dubai – Mubasher: Dubai Islamic Insurance and Reinsurance Company (Aman) witnessed accumulated losses of AED 102.648 million in 2019, representing 45% of the company's capital. The accumulated losses are driven by the losses made by the …
The company's total operating revenues reached KWD 45.859m in 2019
31 March 12:48 PM Aan Digital generates KWD 265,211 net profits in 2019
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 …
The company's shareholders will own shares in two companies
31 March 11:55 AM Dana Gas mulls demerging upstream business
Abu Dhabi – Mubasher: Dana Gas is studying the potential to separate its exploration and production business, known as "Upstream Business" into a new independent company, to be listed in Abu Dhabi Securities Exchange (ADX).  If the demerger is …
The OGM has agreed on buying back the company's shares
31 March 10:55 AM Reem Investments’ OGM agrees on 14% dividends
Abu Dhabi – Mubasher: Reem Investments' ordinary general meeting (OGM) has approved to pay out 14% cash dividends for fiscal year 2019. The distribution of cash dividends stands at 14 fils per share, aggregating at an amount of more than AED …
This move aims to diversify the bank's investor base
31 March 10:27 AM ADIB raises foreign ownership limit to 40%
Abu Dhabi – Mubasher: The shareholders of Abu Dhabi Islamic Bank (ADIB) have nodded to raise the bank's foreign ownership limit to 40% from 25%. This move aims to diversify the bank's investor base and strengthen the UAE's position as an …
The distribution of dividends is equivalent to 30% of the bank's paid-up capital
30 March 04:47 PM RAKBANK shareholders approve 30% cash dividends
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of the National Bank of Ras Al Khaimah (RAKBANK) has approved distributing AED 502.873 million cash dividends or 30 fils per share for 2019. The distribution of cash dividends is equivalent …
Watania's accumulated losses represent 36.2% of the capital
30 March 04:20 PM Watania logs AED 54m accumulated losses
Abu Dhabi – Mubasher: National Takaful Company (Watania) has incurred accumulated losses of AED 54.3 million, representing 36.2% of the capital. Watania's accumulated losses are caused by few large accounts underwritten during the 2011-2015 …
The amount of dividends is equal to 27.38% of the share's nominal value
30 March 11:33 AM ADIB's shareholders nod to pay out AED 994m dividends
Abu Dhabi – Mubasher: The shareholders of Abu Dhabi Islamic Bank (ADIB) have approved to distribute AED 994.313 million cash dividends for 2019. The amount of dividend distribution is equivalent to 27.38% of the share's nominal value or 27.38 fils …
The Sukuk has a five-year maturity from its issuance date
30 March 10:14 AM Gulf Navigation's OGM to issue AED 125m Sukuk
Dubai – Mubasher: The ordinary general meeting (OGM) of Gulf Navigation Holding (GNH) has approved issuing five-year Sukuk at a total value of AED 125 million. During the meeting, shareholders authorised the board to determine the Sukuk issuance …
The company added new trading products in Q4-19
29 March 04:39 PM Emirates Refreshments' accumulated losses exceed AED 16m in 2019
Dubai – Mubasher: Emirates Refreshments Company's accumulated losses amounted to AED 16.304 million in 2019, representing 54.35% of its capital, according to a disclosure to the Dubai Financial Market (DFM) on Sunday. To tackle the accumulated …
The company's losses stood at KWD 452,523 last year
29 March 04:21 PM Ekttitab Holding posts 12% lower loss in 2019
Mubasher: The net loss of Ekttitab Holding narrowed by 12% on an annual basis during the fiscal year (FY) ended on 31 December 2019. Losses for the period stood at KWD 452,523 last year when compared to KWD 511,506 in 2018, according to a stock …
The bank reported a 7% rise in total assets last year
29 March 01:11 PM Al Baraka Bank South Africa sees 11% higher net income in 2019
Mubasher: The net income of Al Baraka Bank South Africa, a subsidiary of Al Baraka Banking Group, has increased by 11% to ZAR 73 million ($5 million) in 2019 when compared to 2018. The bank reported a 7% rise in total assets to ZAR 7.35 billion ($ …
Abu Dhabi Securities Exchange (ADX)
28 March 05:27 PM BH Mubasher obtains margin-trading license from ADX
Mubasher: The Abu Dhabi Securities Exchange (ADX) has granted BH Mubasher Financial Services a license for short-term margin trading. The company becomes the first financial services provider to offer this service to its clients in the UAE, …
The company's profits reached $131.1 million in 2019
26 March 01:37 PM Orascom Construction sees 15.2% lower consolidated profits; dividends proposed
Mubasher: The consolidated financial results for 2019 of Orascom Construction PLC, listed on Nasdaq Dubai and the Egyptian Exchange (EGX), reported a 15.2% year-on-year (YoY) drop in net profits. The company's net profits reached $131.1 million in …