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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 ($5 million) in 2019 when compared to 2018. The bank reported a 7% rise in total assets to ZAR 7.35 billion ($ …
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, …
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 …
