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01 April 05:18 AM

Corporate Actions

The number of shares will rise from 16m shares to 20m shares
31 March 05:49 PM CMA agrees on Al Moammar's capital hike request
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved the request of Al Moammar Information Systems Co to raise its capital to SAR 200 million from SAR 160 million. The increase in the capital will be through the issuance of …
Corporate Actions
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 …
Companies Investments
The bank will issue 32.122 million bonus shares
31 March 12:41 PM EG Bank’s OGM nods to capital raise via bonus issue
Cairo – Mubasher: The Egyptian Gulf Bank (EG Bank) announced that its shareholders approved a decision to increase its capital through a bonus issue. The bank’s ordinary general meeting (OGM) agreed to raise the issued capital by $32.122 million …
General Assembly
The OGM approved a cash dividend distribution of EGP 0.75 per share
31 March 11:58 AM Zahraa Maadi’s shareholders approve cash dividends, bonus issue
Cairo – Mubasher: The ordinary general meeting (OGM) of Zahraa Maadi Investment and Development approved a decision to distribute dividends for 2019. The company’s shareholders agreed to distribute bonus shares valued at 100% of the company’s …
General Assembly
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 …
Companies Investments
The bank reported net profits of EGP 2.71 billion in 2019
30 March 12:35 PM Faisal Islamic Bank approves $66m capital raise via bonus issue
Cairo – Mubasher: The board of directors of Faisal Islamic Bank of Egypt approved a disclosure form to proceed in its capital raise procedures. The board decided to increase its issued and paid-up capital by $66.02 million to $506.2 million from …
Banking and Finance
Lootah BCGas has launched AED 15 million support programme
30 March 12:33 PM Lootah BCGas adopts AED 15m programme amid COVID-19 challenges
UAE – Mubasher: Lootah BCGas, a subsidiary of Lootah Group, the UAE's leading provider of gas utility and infrastructure services, has launched AED 15 million programme to support its customers amid the challenges of the coronavirus (COVID-19) …
Corporate Actions
The bank’s OGM approved a capital increase of EGP 309.28 million
29 March 03:23 PM Al Baraka Bank Egypt’s shareholders approve dividends, bonus shares
Cairo – Mubasher: The ordinary general meeting (OGM) of Al Baraka Bank – Egypt approved procedures to distribute dividends for 2019. The bank’s shareholders agreed to distribute 10% of the share capital or EGP 0.70 per share at a total value of …
General Assembly
Shareholders agreed to double the company’s capital
29 March 02:55 PM Egypt Gas approves 2019’s dividends, capital hike
Cairo – Mubasher: The ordinary general meeting (OGM) of Egypt Gas approved a decision to distribute cash dividends of EGP 3 per share for 2019. The company’s shareholders agreed to distribute a total of EGP 72 million divided between the Egyptian …
Cash Dividends
GB Auto’s net profits dropped to EGP 223.55 million in 2019
29 March 01:01 PM GB Auto’s shareholders retract decision to merge with RGI
Cairo – Mubasher: The extraordinary general meeting (EGM) of Ghabbour Auto (GB Auto) approved a recommendation to retract its decision to merge with RG Investments (RGI). The company’s shareholders also decided to cancel all the effects resulting …
Corporate Actions
Shareholders decided to increase the issued and paid-up capital by 15%
29 March 12:09 PM Faisal Islamic Bank approves dividends for 2019, capital raise
Cairo – Mubasher: The ordinary general meeting (OGM) of Faisal Islamic Bank of Egypt approved the proposed cash dividend distribution for 2019. The bank’s shareholders agreed to distribute $0.08 per share denominated in US dollar after zakat …
Banking and Finance
The deal was made over 17.018 million shares
25 March 04:07 PM Orascom Development carries EGP 40.5 million large-scale deal
Cairo – Mubasher: A special deal worth EGP 40.5 million was executed through the large-scale transactions mechanism on the shares of Orascom Development Egypt, the Egyptian Exchange (EGX) announced on Wednesday. The deal was made over 17.018 …
Mergers and Acquisitions
The fund has purchased 12,015 shares in Orascom Construction
25 March 01:35 PM Fund raises stake in Orascom Construction to 8.6%
Mubasher: Sustainable Capital Africa Alpha Fund has raised its ownership in Orascom Construction, listed on Nasdaq Dubai and the Egyptian Exchange (EGX), from 7.61% to 8.61%. The fund has purchased 12,015 shares at a price of EGP 55 per share, …
Mergers and Acquisitions
ADQ has added 14 new companies to its portfolio
24 March 05:09 PM ADDH unveils ADQ as its new identity
UAE - Mubasher: Abu Dhabi Developmental Holding Company (ADDH) has announced its new identity, ADQ, according to a press release on Tuesday. ADQ has added 14 new companies to its portfolio, raising the total number of its companies to more than 25 …
Management Decisions
Wafrah will reduce the number of shares to 7.717 million shares
24 March 11:40 AM CMA approves Wafrah's capital cut request
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved the request of Wafrah for Industry & Development Company to cut its capital to SAR 77.17 million from SAR 200 million. Therefore, the company will reduce the number of shares …
Markets Regulations
NIC’s net profit surged by 45.59% on an annual basis in 2019
23 March 05:14 PM National Investments seeks CMA’s market maker license
Mubasher: The board of National Investments Company (NIC) approved launching required procedures to obtain the Capital Markets Authority’s (CMA) license to provide market maker services. It further called for an extraordinary general meeting (EGM) …
Companies Investments
A total of 200 million new shares will be issued and distributed as bonus shares
22 March 01:07 PM CI Capital shareholders approve capital hike to EGP 1bn
Cairo – Mubasher: The shareholders of CI Capital Holding For Financial Investments have approved raising the issued and paid-up capital by EGP 200 million from EGP 800 million to EGP 1 billion. The capital increase is distributed over 200 million …
Corporate Actions
Boursa Kuwait’s premises will continue to be closed to the public
19 March 02:44 PM Boursa Kuwait extends emergency measures against COVID-19
Mubasher: Boursa Kuwait Securities Company has obtained the Capital Markets Authority’s (CMA) approval to continue trading operations with the applied precautionary measures, in a bid to protect the health and safety of all stakeholders against …
Markets Regulations
The company also increased internet bundle download quotas by 20%
18 March 03:57 PM Telecom Egypt extends January landline bill payment period
Cairo – Mubasher: Telecom Egypt announced extending the January landline bill payment period from 15 March to the next bill payment date. This move is part of the country’s efforts to halt the spread of the new coronavirus (COVID-19), according to …
Corporate Actions
The company reported net profits of EGP 177.08 million in 2019
17 March 05:51 PM FRA approves Zahraa Maadi's EGP 132m capital hike
Cairo – Mubasher: The Egyptian Financial Authority (FRA) approved a request to publish the disclosure form of Zahraa Maadi Investment and Development to increase its issued capital. The disclosure form included the board of directors’ decision …
Corporate Actions
The company's capital will be raised to EGP 557.48 million
17 March 05:17 PM Reacap gets FRA’s approval to raise issued capital
Cairo – Mubasher: The Egyptian Financial Authority (FRA) approved a request to publish the disclosure form of Reacap Financial Investments to increase its issued capital. The disclosure form included the board of directors’ decision dated 1 March …
Corporate Actions
Aldar Properties has unveiled AED 100 million programmes
17 March 05:14 PM Aldar launches AED 100m programmes
Abu Dhabi – Mubasher: Aldar Properties has unveiled AED 100 million programmes to support residents, tenants, customers, and partners. These programmes are in line with the company’s long-term sustainable stakeholder management approach, according …
Sector Reports
Bonds or subordinated debt will be issued at a value of up to EGP 15 billion
16 March 02:56 PM CIB’s shareholders approve issuing financial instruments
Cairo – Mubasher: The extraordinary general meeting (EGM) of the Commercial International Bank – Egypt (CIB) authorised the board of directors to issue financial instruments (nominal bonds or subordinated debt) to finance its expansion activities. …
Corporate Actions
The Securities House is the merging company
16 March 12:23 PM Securities House finalises legal procedures for merger with Al Aman
Mubasher: The Securities House on Monday announced the completion of the legal procedures of its merger with Al Aman Investment, according to a statement to Boursa Kuwait. Moreover, a share swap of 74.865 million shares of Al Aman’s capital, owned …
Corporate Actions
CIB Egypt reported net profits of EGP 11.8 billion in 2019
16 March 11:58 AM CIB’s shareholders approve 2019’s dividend, bonus shares
Cairo – Mubasher: The ordinary general meeting (OGM) of the Commercial International Bank – Egypt (CIB) approved a proposal to distribute cash dividends at EGP 1.25 per share for 2019. The bank’s shareholders also approved the disclosure form to …
Corporate Actions