Financial Results

Al Ezz Dekheila Steel achieved profits of EGP 647.35 million in FY18

32 minutes ago Al Ezz Dekheila Steel to pay EGP 1.87bn dividend for FY18

Cairo – Mubasher: The ordinary general meeting (OGM) of Al Ezz Dekheila Steel – Alexandria has agreed on paying EGP 1.87 billion cash dividend for fiscal year 2018. Furthermore, the company approved paying EGP 20 per share to the entitled …

The Saudi lender’s net profits totalled SAR 263.3 million in Q1-19

41 minutes ago Bank AlJazira’s profit grows 7% in Q1

Riyadh – Mubasher: Bank AlJazira reported a 7.3% year-on-year net profit increase in the first quarter of 2019. The Saudi lender’s net profits totalled SAR 263.3 million in Q1-19, compared to SAR 245.3 million in the prior-year period, according …

Banking and Finance

The total value of Al Imtiaz’s financing portfolio amounts to KWD 713,000

1 hour ago Al Imtiaz’s profit slumps 83% in Q1

Mubasher: Al Imtiaz Investment Group reported an 82.9% year-on-year decline in profits during the first quarter of 2019. The group’s profits amounted to KWD 1 million ($3.3 million) in Q1-19, compared to KWD 5.85 million ($19.3 million) in Q1-18, …

Financial Results

NCB Capital set Jarir Marketing's PT at SAR 157.8 a share

2 hours ago Jarir Marketing’s Q1 profit rises on top-line growth – NCB Capital

Riyadh – Mubasher: Jarir Marketing Co. reported a 6.7% year-on-year net profit increase for the first quarter of 2019, supported by robust top-line growth, according to a report released by NCB Capital (NCBC) on Sunday. Jarir’s net profits, after …

Financial Results

NCB Capital set Alinma Bank's PT at SAR 23.8/shr

3 hours ago Alinma Bank tops Q1 profit estimates on lower provisions – NCB Capital

Riyadh – Mubasher: Alinma Bank recorded stronger-than-expected results in the first quarter of 2019, according to a report released by NCB Capital (NCBC) on Sunday. The Saudi lender’s profits rose 21.8% year-on-year to SAR 709 million in Q1-19, …

Financial Results

National Hotels recorded a net profit of BHD 1.125 million in 2018

4 hours ago National Hotels Q1 profit soars 161.5%

Mubasher: National Hotels, listed on Bahrain Bourse, has logged BHD 603,800 in profits for the first quarter of 2019, surging 161.5% from BHD 230,800 in the year-ago period, according to a bourse filing. The hospitality company’s revenue jumped to …

Financial Results

The Saudi lender’s profits amounted to SAR 709 million

12:50 PM Alinma Bank’s profit hikes 22% in Q1

Riyadh – Mubasher: Alinma Bank posted a 21.8% year-on-year net profit growth in the first quarter of 2019. The Saudi lender’s profits amounted to SAR 709 million in Q1-19, compared to SAR 582 million in the year-ago period, according to a …

Banking and Finance

Net profits amounted to SAR 233.7 million in Q1-19

12:09 PM Jarir Marketing’s profit rises 7% in Q1

Riyadh – Mubasher: Jarir Marketing Co. reported a 6.66% year-on-year net profit growth in the first quarter of 2019. The Saudi-based firm’s net profits, after zakat and taxes, amounted to SAR 233.7 million ($62.31 million) in Q1-19, compared to …

Financial Results

Earnings before income tax and zakat fell to SAR 56.9 million

11:30 AM Alkhabeer Capital posts SAR 188m operating income in 2018

Riyadh – Mubasher: Alkhabeer Capital reported SAR 188 million ($50.13 million) in operating income for fiscal year 2018, according to a statement on Sunday. The Saudi-based asset management company increased its investment in private equity and …

Financial Results

The Saudi firm’s net profits amounted to SAR 4.13 million in Q1-19

10:51 AM SAIC’s profit edges down in Q1

Riyadh – Mubasher: Saudi Advanced Industries Co. (SAIC) reported a year-on-year profit drop in the first quarter of 2019. The Saudi firm’s net profits amounted to SAR 4.13 million ($1.10 million) in Q1-19, down from SAR 4.16 million ($1.11 …

Financial Results

Mobily has logged SAR 67.3 million in profits in Q1-19

09:51 AM Mobily turns profitable in Q1

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) has turned to profitability during the first quarter of 2019, as compared with 2018, according to the company’s initial data published on the Saudi Stock Exchange (Tadawul) on Sunday. Mobily has …

Financial Results

Earnings grew to about KWD 317,100 ($1.05 million) in Q1-19

18 April 04:43 PM Aqar Real Estate Q1 profits rise 24% YoY

Mubasher: Aqar Real Estate Investments achieved an increase of 24% in profits during the first quarter of 2019 when compared to the corresponding period last year. Earnings grew to about KWD 317,100 ($1.05 million) in Q1-19 from nearly KWD 255,760 …

Financial Results

Operating income rose 6.6% to $311.9 million in Q1-19

18 April 04:36 PM AUB posts over 10% profit hike in Q1

Mubasher: Ahli United Bank (AUB) has reported a 10.4% year-on-year profit increase in the first quarter of 2019, recording BHD 72.7 million ($192.8 million). Operating income rose 6.6% to $311.9 million in Q1-19 versus $292.6 million in the …

Financial Results

The group’s profits amounted to BHD 2.29 million in Q1-19

18 April 02:24 PM Gulf Hotels’ profit drops 21% in Q1

Mubasher: Gulf Hotels Group reproted a 21% year-on-year decrease in net profits attributable to shareholders during the first quarter of 2019. The group’s profits amounted to BHD 2.29 million during Q1-19, down from BHD 2.89 million in Q1-18, …

Financial Results

The drop in its nine-month profits was attributed to an increase in the cost of raw materials.

18 April 02:04 PM AMOC profit dips 69% in 9M

Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) on Thursday reported a 69% year-on-year drop in profits for the first nine months of fiscal year 2018/2019. Net profits amounted to EGP 329.3 million during the nine-month period ended in …

Financial Results

First Dubai has succeeded in achieving the company’s FY18 objectives

18 April 01:21 PM First Dubai owns $320m assets across UAE, KSA – Chairman

Mubasher: The Kuwaiti First Dubai for Real Estate Development currently owns assets valued at KWD 96.9 million (approximately $320 million) across the UAE and Saudi Arabia, the chairman of First Dubai Abdul Aziz Bassem Al Loughani said. First …

Companies Investments

Dubai Investments reported a 53.53% year-on-year drop in FY18 net profits

18 April 10:36 AM Dubai Investments nods to 10% dividend for FY18

Dubai – Mubasher: The shareholders of Dubai Investments approved distributing 10% of the capital as cash dividend for fiscal year 2018. Dubai Investments will pay 10 fils per share to the entitled shareholders as dividends at a total share of AED …

General Assembly

Al Mudon attributed the rise in 2018 losses to lower investments in JV

18 April 10:14 AM Al Mudon deepens losses in 2018

Mubasher: Al Mudon International Real Estate reported a 48.9% year-on-year rise in losses during the fourth quarter of 2018. Al Mudon International’s losses amounted to KWD 495,420 ($1.63 million) in Q4-18, compared to KWD 332,830 ($1.1 million) …

Financial Results

Dana Gas will pay 5.5 fils per share to the entitled shareholders

18 April 10:10 AM Dana Gas to pay AED 384m dividend for FY18, to raise capital

Abu Dhabi – Mubasher: The annual general meeting (AGM) of Dana Gas approved the board’s recommendation of distributing 5.5% of the capital as cash dividend for fiscal year 2018. Dana Gas will pay 5.5 fils per share to the entitled shareholders at …

Board of Directors

First-quarter loss was attributed to a rise in general and administrative expenses.

18 April 09:21 AM FIPCO incurs SAR 2.5m losses in Q1

Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) reported turning to losses during the first quarter of 2019. FIPCO’s losses after calculating Zakat and Tax amounted to SAR 2.5 million in Q1-19, against a profit of SAR …

Financial Results

The Bahrain-listed bank’s profit increased to BHD 20.4 million

17 April 11:22 PM National Bank of Bahrain posts $54.1m profit in Q1

Mubasher: National Bank of Bahrain (NBB) has reported a 3.5% year-on-year profit increase in the fourth quarter of 2019. The Bahrain-listed bank’s profit increased to BHD 20.4 million ($54.11 million) in Q1-19 versus BHD 19.7 million a year …

Financial Results

CBD's net profits logged AED 340 million in Q1-19

17 April 04:09 PM CBD profit grows 22% in Q1 on rising revenues

Dubai – Mubasher: Commercial Bank of Dubai (CBD) reported a 21.6% year-on-year net profit increase in the first quarter of 2019 on the back of higher revenues. Net profits of the UAE’s lender rose to AED 340 million ($92.6 million) in Q1-19 from …

Financial Results

Net profits amounted to $182.3 million from January to December 2018

17 April 01:28 PM APICORP logs best-ever annual profit in 2018

Riyadh – Mubasher: The Arab Petroleum Investments Corporation (APICORP) reported a 76% year-on-year surge in profits during the full-year 2018. Net profits amounted to $182.3 million from January to December 2018, the firm’s best-ever annual …

Financial Results

Sales inched up 1.1% to SAR 1.3 billion in Q1-19

17 April 12:33 PM Aldrees Petroleum posts 35% profit hike in Q1

Riyadh – Mubasher: Saudi Arabia’s Aldrees Petroleum and Transport Services Company reported a 35.3% year-on-year rise in profits during the first quarter of 2019. The firm’s profits after calculating Zakat and Tax reached SAR 29.9 million in …

Financial Results

Net profits reached EGP 23.84 million in the nine-month period ended in March

17 April 11:45 AM Alexandria Flour’s profit falls 35% in 9M

Cairo – Mubasher: Alexandria Flour Mill Company (AFMC) reported a 35% year-on-year drop in its profits during the first nine months of fiscal year 2018/2019, according to a filing to the Egyptian Exchange (EGX) on Wednesday. Net profits reached …

Financial Results