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05 February 06:05 PM

Board of Directors

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48 minutes ago EG Bank’s consolidated profits near EGP 846m in 2022; dividends proposed
Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) logged consolidated net profits after tax worth EGP 845.83 million in 2022, up from EGP 695.33 million in 2021, including minority shareholders’ rights.  Earnings per share (EPS) stood at EGP 1.65 …
Board of Directors
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2 February 01:03 PM Saudi Top for Trading unveils nearly SAR 14.5m dividends for 2022
Riyadh – Mubasher: The shareholders of Saudi Top for Trading Company agreed to disburse SAR 14.40 million as cash dividends for 2022, according to a bourse disclosure. Under the board’s proposal that was made last December, the firm will pay out a …
Board of Directors
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2 February 12:03 PM NBQ’s profits soar 38% in 2022 initial results; dividends announced
Abu Dhabi – Mubasher: National Bank of Umm Al Qaiwain (NBQ) logged net profits worth AED 364.51 million in 2022, an annual leap of 38% from AED 264.16 million. The total revenues hiked to AED 599.02 million last year from AED 442.48 million in …
Banking and Finance
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2 February 11:25 AM Borouge records $1.39bn profits to owners in 2022; dividends for H2-22 unveiled
Abu Dhabi – Mubasher: The net profits attributable to the equityholders of Borouge plummeted to $1.39 billion in 2022 from $1.51 billion in 2021. The company generated revenues worth $6.72 billion during January-December 2022, up 8.30% …
Cash Dividends
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1 February 05:24 PM CBD sees 26% higher profits at AED 1.82bn in 2022
Dubai – Mubasher: The net profits of Commercial Bank of Dubai (CBD) hiked by 25.80% year-on-year (YoY) to AED 1.82 billion in 2022 from AED 1.45 billion. The total operating income stood at AED 3.81 billion in the January-December 2022 period, …
Financial Results
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1 February 12:15 PM DFM's profits to equityholders jump 42% in 2022; dividends proposed
Dubai – Mubasher: Dubai Financial Market Company (DFM) generated AED 147.11 million net profits attributable to shareholders in 2022, higher by 41.70% than AED 103.84 million a year earlier. DFM recorded an annual growth of 19% in total revenue to …
Cash Dividends
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31 January 05:24 PM ADCB’s 2022 profits to shareholders hit AED 6.43bn; dividends proposed
Abu Dhabi – Mubasher: The net profits attributable to the owners of Abu Dhabi Commercial Bank (ADCB) grew by 23% year-on-year (YoY) to AED 6.43 billion in 2022 from AED 5.24 billion. The operating income amounted to AED 14.34 billion last year, up …
Banking and Finance
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31 January 01:28 PM Delta Insurance’s shareholders nod to capital hike
Cairo – Mubasher: The shareholders of Delta Insurance agreed on 30 January 2023 to raise the company's authorised capital to EGP 800 million from EGP 500 million, according to a bourse filing. The extraordinary general meeting (EGM) also passed …
General Assembly
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30 January 04:58 PM ADIB’s profits to owners hike 54% in 2022; dividends proposed
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) achieved net profits after Zakat and tax attributable to the equityholders worth AED 3.58 billion in 2022, an annual surge of 54% from AED 2.32 billion. The basic and diluted earnings per share …
Board of Directors
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30 January 09:59 AM Obour Land to pay EGP 380m dividends for 2022
Cairo – Mubasher: The board of Obour Land for Food Industries decided to disburse cash dividends to shareholders worth EGP 380 million for 2022. Eligible shareholders will receive a dividend of EGP 0.95 per share, according to a recent bourse …
Cash Dividends
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29 January 05:52 PM Bahri announces Chairman, Vice Chairman for new board term
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) has appointed Mohammed Abdulaziz Alsarhan as the new Chairman of the board. Bahri also named Fahad Abduljalil Al Saif to be the new Vice Chairman of the board, according to a …
Corporate Actions
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29 January 02:00 PM Cleopatra Hospitals’ shareholders greenlight capital reduction
Cairo – Mubasher: The shareholders of Cleopatra Hospitals Group (CHG) agreed to reduce the company’s issued capital to EGP 722.71 million from EGP 800 million, according to a bourse disclosure. In order to carry out the cut process, the EGX-listed …
Board of Directors
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29 January 11:07 AM Seera approves resignation of CEO Alnefaie
Riyadh – Mubasher: Majed bin Ayedh Alnefaie has resigned from his post as the CEO of Seera Group Holding due to personal circumstances, according to a bourse filing. The company’s board accepted Alnefaie’s resignation on 28 January 2023, yet it …
Board of Directors
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26 January 05:29 PM ACWA Power’s board proposes nearly SAR 607m dividends for 2022
Riyadh – Mubasher: The board members of ACWA Power Company recommended, on 26 January, cash dividends’ payment worth SAR 606.81 million for 2022. The listed firm would disburse SAR 0.83 per share, which represents 8.30% of the share nominal value, …
Board of Directors
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26 January 03:24 PM Sharjah Islamic Bank achieves over 25% growth in 2022 net profits; dividends proposed
Abu Dhabi – Mubasher: Sharjah Islamic Bank logged net profits of AED 650.91 million during 2022, marking a 26.6% year-on-year (YoY) increase from AED 514.07 million. The earnings per share went up to AED 0.21 in 2022 from AED 0.17 in 2021, …
Cash Dividends
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25 January 05:41 PM DIB’s net profits to owners hit AED 5.47bn in 2022; dividends proposed
Dubai – Mubasher: The consolidated net profits attributable to the owners of Dubai Islamic Bank (DIB) soared to AED 5.47 billion in 2022 from AED 4.39 billion in 2021, according to the income statements. The basic and diluted earnings per share …
Board of Directors
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24 January 01:35 PM Orascom Construction to distribute interim dividend of $0.18/shr
Cairo – Mubasher: The board of Orascom Construction Plc approved an interim dividend of USD 0.18 per share to the company’s shareholders for fiscal year (FY) ended on 31 December 2021, according to an official statement on Tuesday. The company …
Real estate
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24 January 12:51 PM Nasr Company for Civil Works’ board nods to capital raise
Cairo – Mubasher: The board of directors of Nasr Company for Civil Works approved raising the company’s authorised capital to EGP 500 million from EGP 200 million, during a meeting on 23 January 2023. In addition, it approved increasing the issued …
Management Decisions
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24 January 12:05 PM B Investments inks two deals with Egypt’s sovereign wealth fund
Cairo – Mubasher: B Investments Holding announced signing two agreements with The Sovereign Fund of Egypt (TSFE) to invest in specialised healthcare and pharmaceutical distribution and trade services in Egypt. The deals were signed through the …
Companies Investments
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23 January 02:13 PM Palm Hills proposes capital cut; approves EGP 150m deal with Incolease
Cairo – Mubasher: Palm Hills Developments’ board approved unanimously submitting a proposal to the extraordinary general meeting (EGM) for an EGP 120 million issued and paid-up capital cut through the cancellation of 60 million treasury stocks at …
Real estate
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23 January 11:38 AM Themar's board agrees to sell company’s headquarters
Cairo – Mubasher: The board of directors of Egyptian Arabian Themar Securities Brokerage agreed to sell the company’s headquarters during a meeting on 22 January 2023. Situated in the 5th Settlement area in New Cairo, the company’s 73 square metre …
Board of Directors
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22 January 11:31 AM Aldrees’ board proposes SAR 150m dividends for 2022
Riyadh – Mubasher: The board of Aldrees Petroleum and Transport Services Company recommended on 22 January 2023 cash dividends worth SAR 150 million for 2022, according to a bourse filing. The Tadawul-listed firm would disburse a dividend of SAR 2 …
Cash Dividends
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22 January 10:04 AM Gulf Union Alahlia names new Chairman, Vice Chairman
Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company has appointed Abdulaziz Ali Al Turki as the new Chairman of the board for the coming three years. The Saudi firm also announced Zaid Abdullah Al Yaeesh as the Vice Chairman, …
Board of Directors
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19 January 10:40 AM SAIC announces 3 new key appointments
Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) named Abdullah Muhammad Al Humaidhi as the new Chairman of the board instead of Youssef Muhammad Al Qafari, who remained a board member. The Tadawul-listed firm also appointed Abdul …
Management Decisions
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18 January 11:46 PM Emirates Investment Bank mulls AED 650m capital raise
Dubai – Mubasher: The board of Emirates Investment Bank will hold a meeting on 23 January to recommend increasing the lender’s issued capital to AED 1 billion from AED 350 million. In order to carry out the capital raise, the bank would issue …
Board of Directors