Corporate Actions

(Photo Credit: Arabianeye-Reuters)
52 minutes ago Al Alamiya to distribute dividends for 2016
Riyadh – Mubasher: The general assembly of Al Alamiya for Cooperative Insurance approved the distribution of cash dividends for 2016. The assembly also agreed on the board’s and auditors’ reports for 2016, in addition to amending the bylaws of the …
(Photo Credit: Arabianeye-Reuters)
1 hour ago Buruj to pay 5% dividends for 2016
Riyadh – Mubasher: The general assembly of Buruj Cooperative Insurance Co approved the distribution of cash dividends for 2016. The company will pay dividends at SAR 0.50 per share, totalling SAR 12.5 million and representing 5% of the nominal …
(Photo archive)
2 hours ago Herfy to pay H2-16 dividends, raise capital
Riyadh – Mubasher: The general assembly of Herfy Food Services Co approved the distribution of cash dividends for the second half of 2016. The company will pay dividends at SAR 1.5 per share, totalling SAR 69.3 million and representing 15% of the …
Photo Credit: Arabianeye-Reuters
22 May 04:29 PM Walaa changes company name
Riyadh – Mubasher: Saudi United Cooperative Insurance Company (Walaa) announced that it has changed its name, following the board’s recommendation and the shareholders’ approval. The company’s new name will be Walaa Cooperative Insurance Company, …
(Photo Credit: Company's Facebook official page)
22 May 04:17 PM Twofour54 authorises Aldar to develop new home in Yas Island
Abu Dhabi – Mubasher: Twofour54 on Monday announced appointing Aldar Properties Company to develop its new permanent headquarter in Yas Island. The area to be initially covered is 95,000 square metres, and is expected to grow over 300,000 square …
One of Arabtec's projects (Photo Credit: Arabianeye-Reuters)
22 May 11:11 AM Arabtec invites creditors to submit debt documents
Mubasher: Arabtec Holding has invited its creditors to submit all supportive documents of their debts to the company within 30 days from the date hereof and no later than 20 June 2017, according to a statement. The documents should be delivered in …
Arabtec's headqurater (Photo Credit: Arabianeye-Reuters)
22 May 09:46 AM Arabtec unveils proposed dates for capital reduction
Dubai – Mubasher: Arabtec Holding announced the proposed dates for completing the milestones of the capital reduction process, according to a bourse statement.  This is the final step in the company’s recapitalisation programme to strengthen its …
Photo credit: Arabianeye-Reuters
22 May 08:43 AM Oula Fuel nods to FY16 dividends
Kuwait – Mubasher: The ordinary general meeting (OGM) of Oula Fuel Marketing approved distributing 5% of capital as cash dividends. The company will pay 5 fils per share to the entitled shareholders as dividends for fiscal year 2016, according to …
Photo Credit: Arabianeye-Reuters
21 May 08:30 PM Inovest launches new identity
Mubasher: Inovest has revealed its new commercial identity in a press conference that was held at the Bahrain Financial Harbour on Sunday, according to Bahrain News Agency (BNA). The new design reflects the company’s plans for future expansion in …
(Photo Credit: Arabianeye-Reuters)
21 May 05:57 PM Extending oil production cut enhances market stability – Qatari Minister
Doha – Mubasher: Expanding the agreement of the Organization of Petroleum Exporting Countries (OPEC) to reduce oil production until the second quarter of 2017 will enhance the market’s stability, Reuters reported, citing Qatar’s minister of energy …
Photo Credit: Arabianeye-Reuters
21 May 03:43 PM Nafais shareholders nod to capital cut
Kuwait – Mubasher: The ordinary general meeting (OGM) of Nafais Holding approved decreasing its capital by KWD 10 million or 100 million shares. Nafais will reduce the capital to KWD 32.13 million distributed over 321.3 million shares from KWD …
(Photo Credit: Company website)
21 May 03:04 PM Dana Gas to discuss dues, sukuk restructure 24 May
Abu Dhabi – Mubasher: Dana Gas’ board of directors will hold a meeting on 24 May in Sharjah to discuss the settlement of Egypt’s and Iraqi Kurdistan’s dues. The company will also discuss its operations in Egypt, the UAE, and Iraqi Kurdistan. Dana …
Photo Credit: Arabianeye-Reuters
21 May 02:29 PM National Industries nods to FY16 dividends
Kuwait – Mubasher: The ordinary general meeting (OGM) and extraordinary general meeting (EGM) of National Industries approved distributing 10% of capital as cash dividends. The company will pay 10 fils per share to the entitled shareholders for …
(Photo credit: Bank's website)
21 May 10:47 AM UNB shareholders approve capital raise via bonus shares
Cairo – Mubasher: Union National Bank – Egypt (UNB) said Sunday that its extraordinary general meeting (EGM) has agreed to increase the bank’s issued and paid-up capital from EGP 1.33 billion to EGP 1.404 billion via distributing bonus shares. The …
The Egyptian Exchange (Photo credit: Mubasher)
21 May 10:40 AM CIB submits capital hike documents to EGX
Cairo – Mubasher: The Egyptian Exchange (EGX) said Sunday that the Commercial International Bank – Egypt (CIB) has submitted documents to raise the bank’s issued capital from EGP 11.5 billion to EGP 11.6 billion via distributing incentive stocks …
(Photo Credit: Company website)
21 May 10:09 AM Nama Chemicals narrows accumulated losses
Riyadh – Mubasher: Nama Chemicals’ accumulated losses fell to SAR 52.147 million, accounting for 22.17% of the company's capital which reached SAR 235.22 million after the capital cut. The company noted that it will abide by the rules and …
Aramco signing the deal with the Saudi Commission for Tourism and National Heritage and the Technical and Vocational Training Corporation (Photo Credit: Company's official Twitter account)
18 May 06:05 PM Aramco inks MoU to establish training centre
Riyadh – Mubasher: Aramco has signed a memorandum of understanding (MoU) with the Saudi Commission for Tourism and National Heritage and the Technical and Vocational Training Corporation to establish the National Training Center for Facilities and …
(Photo Credit: Press Release)
18 May 04:06 PM Alabbar acquires stake in venture capital fund
Mubasher: Mohamed Alabbar has purchased a “large” stake in Middle East Venture Partners (MEVP) to create a “leading” venture capital investment platform in the MENA region, according to a statement. Venture capital fund MEVP, along with Alabbar, …
Photo Credit: Arabianeye-Reuters
18 May 02:22 PM MENA Real Estate to raise capital on takeover
Kuwait – Mubasher: The board of MENA Real Estate Company approved the company stock evaluation reports, as well as Rasmal Holding Co’s, including the reports on raising MENA’s capital and assets in case of acquiring 100% of Rasmal’s shares. MENA …
(Photo Credit: Arabianeye-Reuters)
18 May 01:51 PM IMF expects Egypt to receive 2nd loan tranche in weeks
Cairo – Mubasher: The International Monetary Fund’s (IMF) executive board will meet in the coming weeks to approve giving Egypt the second tranche worth $1.25 billion of its loan, IMF mission chief for Egypt Chris Jarvis said. The Egyptian …
Photo Credit: Arabianeye-Reuters
18 May 01:44 PM Human Soft nods to FY16 dividends
Kuwait – Mubasher: The ordinary general meeting (OGM) of Human Soft Holding approved distributing 160% of capital or 160 fils per share as cash dividends for fiscal year 2016, according to a bourse statement issued on Thursday. The company’s …
Photo Credit: Arabianeye-Reuters
18 May 01:14 PM Boubyan Petrochemical buys stake in Educational
Kuwait – Mubasher: Boursa Kuwait announced completing the procedures of selling 130.85 million of Educational Holding’s shares to Boubyan Petrochemical. The sale transaction is worth KWD 39.25 million ($128.8 million), according to a statement …
(Photo credit: Company's website)
18 May 11:02 AM Abu Qir Fertilizers OGM approves capital hike via bonus shares
Cairo – Mubasher: Abu Qir Fertilizers’ ordinary general meeting (OGM) has approved to raise the issued and paid-up capital from EGP 1.26 billion to EGP 1.89 billion via distributing 0.5 bonus share for each ordinary share. The OGM also agreed to …
(Photo archive)
18 May 09:37 AM SABB sets up Markets Limited Company
Riyadh – Mubasher: The Saudi British Bank (SABB) established SABB Markets Limited Company on Wednesday. The new company is a limited liability subsidiary located and registered in the Cayman Islands, and fully owned by SABB, according to a bourse …
Photo Credit: Arabianeye-Reuters
17 May 01:37 PM Napesco to distribute 80% dividends
Mubasher: The ordinary general meeting (OGM) of National Petroleum Services (Napesco) has approved on Wednesday 17 May the board of directors’ recommendation to distribute cash dividends to shareholders for 2016 at 80 fils per share. The dividends …