Corporate Actions

Global achieved a net profit of KWD 3.5 million
22 June 01:44 PM Global Investment to pay KWD 22.9m dividends after capital cut
Kuwait – Mubasher: The ordinary general meeting (OGM) of Global Investment House on Thursday approved distributing a total of KWD 22.9 million as cash dividends to the entitled shareholders, according to a recent statement. The dividends will be …
The entitlement date will be 22 June, while the ex-date will be on 28 June
22 June 09:06 AM Arabtec Holding obtains approval for capital cut
Dubai – Mubasher: Arabtec Holding has obtained the regulatory approval for its share capital reduction from AED 6.1 billion to AED 1.5 billion, according to a bourse statement. The entitlement date will be 22 June, while the ex-date will be on 28 …
Porto will raise its capital through the distribution of bonus shares
21 June 03:14 PM EGX approves Porto Group capital hike
Cairo - Mubasher: The listing committee of the Egyptian Exchange (EGX) has approved raising both the issued and authorized capital of Porto Group Holding from EGP 455.9 million to EGP 501.5 million through the issuance of bonus shares. The …
The Egyptian Exchange
21 June 11:19 AM Oriental Weavers starts capital cut procedures
Cairo – Mubasher: Oriental Weavers Group said Wednesday that it has decided to transfer the ownership of 6.6 million shares in Oriental Weavers Company – US in preparation for writing them off. The company will cut the issued capital from EGP 450 …
The entitlement date is set at 22 June
21 June 10:57 AM Arabtec announces listing of new shares
Dubai – Mubasher: Arabtec Holding obtained the regulatory approval to start trading on its new shares on Wednesday, 21 June, according to a bourse statement. The developer’s board had earlier approved the increase of Arabtec’s share capital from …
The shareholders’ equity increased due to an issue premium of KWD 7.23 million
21 June 10:47 AM IPG capital hike subscription ends
Kuwait – Mubasher: Independent Petroleum Group (IPG) said that the subscription period for raising its capital by KWD 3.62 million has ended. IPG offered 36.16 million shares for subscription to raise the capital to KWD 18.84 million from KWD …
Jain will be the CEO of Emaar Properties and its subsidiaries
21 June 09:54 AM Emaar Properties names new CEO
Dubai – Mubasher: Emaar Properties has appointed Amit Jain as its new CEO, according to a bourse statement issued on Wednesday. The company clarified that Jain will be the CEO of Emaar Properties and its subsidiaries. It added that he is also …
Doha is ready to discuss all GCC concerns according to principles that were previously agreed on
20 June 12:15 PM Qatar takes legal action to open flight routes – Minister
Doha – Mubasher: Qatar is currently taking legal procedures to open the routes for Qatari flights, Al Arabiya Channel said via its Twitter account, citing Qatar's minister of foreign affairs Mohammed bin Abdulrahman Al-Thani as saying. Doha is …
The Egyptian Exchange
20 June 11:13 AM Oriental Weavers sees EGP 43m block transaction
Cairo – Mubasher: Oriental Weavers’ stock saw a block transaction worth EGP 43.13 million, the Egyptian Exchange (EGX) said on Tuesday. The transaction was carried out on around 6.59 million shares (EGP 6.54 per share), the EGX added.
The company’s capital has been set at AED 6.15 billion
20 June 11:11 AM Arabtec board nods to capital raise
Dubai – Mubasher: Arabtec Holding said its board approved the increase of its capital by AED 1.5 billion through the issuance of 1.5 billion shares at AED 1 per share, according to a bourse statement. The board gave a nod to list the new shares on …
The company will pay 11 fils per share
20 June 10:12 AM Qurain shareholders nod to 11% dividends
Kuwait – Mubasher: The ordinary general meeting (OGM) of Qurain Petrochemical Industries approved distributing 11% of capital as cash dividends for the fiscal year ended 31 March 2017. The company will pay 11 fils per share to the entitled …
DSI's headquarter
20 June 09:41 AM DSI awaits SCA approval for capital reduction
Dubai – Mubasher: Drake and Scull International (DSI) proceeded with the final preparations to get the approval of the Securities and Commodities Authority (SCA) to start its 75% share capital reduction, according to a bourse statement. The share …
The company will pay 40 fils per share
19 June 10:11 AM Boubyan Petrochemical to pay 40 fils/shr dividends
Kuwait – Mubasher: The ordinary general meeting (OGM) of Boubyan Petrochemical approved distributing 40% of capital as cash dividends for the fiscal year ended 30 April 2017. The company will pay 40 fils per share as dividends, according to a …
Officials from Al Ramz Capital and Union Properties sign the deal
18 June 11:12 AM Al Ramz Capital named liquidity provider for Union Properties
Dubai – Mubasher: Al Ramz Capital has been appointed as a liquidity provider (LP) for Union Properties’ (UP) shares after obtaining approvals from the Dubai Financial Market (DFM) and signing the agreement in June 2017. Al Ramz Capital was …
Napesco will raise the capital to KWD 10 million
14 June 03:12 PM Napesco OGM nods to 73.53% bonus, capital hike
Kuwait – Mubasher: The ordinary general meeting (OGM) of National Petroleum Services (Napesco) approved distributing 73.53% of capital as bonus shares for fiscal year 2016. Napesco will distribute 73.58-for-100 shares, with a total of 42.39 …
The company will raise its capital to EGP 1 billion
14 June 03:07 PM EGX approved Madinet Nasr Housing capital hike
Cairo - Mubasher: The Listing Committee of the Egyptian Exchange (EGX) has approved the capital increase of Madinet Nasr Housing and Development Company (MNHD) from EGP 500 million to EGP 1 billion. In a statement issued on Wednesday, the EGX …
The company will pay 5 fils per share as dividends
14 June 02:04 PM Kuwait Hotels to pay 5 fils/shr dividends
Kuwait – Mubasher: The ordinary general meeting (OGM) of Kuwait Hotels approved distributing 5% of capital as cash dividends for fiscal year 2016. The company will pay 5 fils per share as dividends for FY16, according to a bourse filing issued on …
DXB appointed John Ireland as the new CFO
14 June 09:51 AM DXB stock up on new management structure
By: Mahmoud Gamal Dubai – Mubasher: The stock of DXB Entertainments on Wednesday rose in line with the company’s disclosure of a new management structure. By 10:45 am UAE time, the stock went up 6% to reach AED 0.795 after 34.45 million shares …
Bahlooq is the first female UAE National to hold this position within Emirates NBD Group
13 June 03:07 PM Emirates NBD names 1st UAE national as Tanfeeth CEO
Dubai – Mubasher: Emirates NBD, a leading bank in the region, on Tuesday announced the appointment of Maryam Bahlooq as CEO of Tanfeeth, a fully-owned subsidiary of the Emirates NBD Group. Bahlooq is the first female UAE National to hold this …
Zima’s profits jumped to nearly KWD 892,230 in FY16
13 June 12:21 PM Zima Holding nods to 250% capital hike
Kuwait – Mubasher: The ordinary general meeting (OGM) of Zima Holding approved modifying the company’s name as well as listing Zima in stock markets outside Kuwait with a maximum participation of 40% of capital, according to a bourse filing issued …
The Egyptian Exchange
12 June 11:08 AM EBE files with EGX for capital hike
Cairo – Mubasher: The Export Development Bank of Egypt (EBE) has filed with the Egyptian Exchange (EGX) to raise its authorised capital from EGP 2 billion to EGP 5 billion. The bourse is studying the received documents to submit them to the …
The company will issue 31.75 million shares
11 June 02:13 PM UPAC board approves capital raise
Kuwait – Mubasher: The board members of United Projects for Aviation Services Company (UPAC) approved raising the capital by 31.75%. The company will issue 31.75 million shares at a value of 630 fils per share, according to a bourse filing issued …
This share capital increase will be financed from retained earnings
8 June 09:59 AM Al Marai proposes 25% capital raise via bonus shares
Riyadh – Mubasher: Al Marai’s board of directors has recommended to increase the company’s capital by 25% to SAR 10 billion from SAR 8 billion via distributing 1-for-4 bonus shares. Thus, the number of shares will increase from 800 million to 1 …
There are currently 126 companies from different sectors listed on the financial markets
7 June 11:58 AM UNB Takaful’s request for listing on securities markets approved
Dubai – Mubasher: The Securities and Commodities Authority (SCA) approved Orient UNB Takaful’s application for the registration and subsequent listing on the securities markets under local companies, according to a statement. There are currently …
The Egyptian Exchange
7 June 11:58 AM Prime Holding chairman sells 8.29m shares
Cairo – Mubasher: Prime Holding chairman Shireen Abdel Raouf Mohamed Alkady has reduced its stake in the company from 11.39% to 0.00686%. Alkady sold 8.29 million shares for EGP 40.65 million at a price of EGP 4.9 per share, according to a bourse …