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Board of Directors

The proposed dividends represent 7.5% of the share’s nominal value
3 hours ago Amlak International considers SAR 68m dividends for 2019
Riyadh - Mubasher: The board of Amlak International for Real Estate Finance proposed a cash dividend distribution of SAR 67.95 million or SAR 0.75 per share to shareholders for fiscal year (FY) 2019. The dividend amount represents 7.5% of the …
The new CEO joined Southern Province Cement in 1997
12 July 11:52 AM Southern Province Cement names new CEO
Riyadh – Mubasher: The Board of Directors of Southern Province Cement Company accepted the resignation of the company’s CEO, Safar Mohammad Dhufayer, on Saturday, 11 July, which was submitted upon his request. The board has authorised Aqeel Futis …
The 2020 estimated budget was also approved
9 July 04:16 PM Makkah Chamber achieves SAR 82m revenues in 2019
Riyadh - Mubasher: The general assembly of Makkah Chamber of Commerce and Industry approved the budget of fiscal year (FY) 2019 with more than SAR 82 million realised revenues, Saudi Press Agency (SPA) reported on Thursday. The assembly also …
Agthia manages operations across the UAE, GCC, and the wider Middle East
7 July 11:43 AM Agthia names new CEO
Abu Dhabi – Mubasher: Agthia Group has appointed Alan Smith as the company’s CEO, succeeding Jamal Salem Al Dhaheri, who served as the group’s acting CEO since last March, Emirates News Agency (WAM) reported on Tuesday. Smith has a robust …
Waleed Al Muhairi succeeds Mohamed Al Rumaithi
6 July 09:35 AM Arabtec Holding appoints new chairman
Dubai – Mubasher: Arabtec Holding has appointed Waleed Al Mokarrab Al Muhairi, upon his election, as a new board member and chairman of the board. Al Muhairi, who holds a Master's degree in Public Policy from Harvard University, succeeds Mohamed …
The proposed dividends represents 10% of the share’s par value
5 July 05:01 PM MIS plans SAR 20m dividends for H1-20
Riyadh – Mubasher: The Board of Directors of Al Moammar Information Systems (MIS) Company recommended a cash dividend distribution of SAR 1 per share to shareholders for the first half (H1) of 2020. The total dividend value amounts to SAR 20 …
The resignation has been effective as of 1 July
5 July 03:29 PM Talaat Moustafa Group approves deputy CEO's resignation
Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) approved the resignation of Amr El-Kady from his position as the deputy CEO for personal reasons. The resignation has been effective as of Wednesday, 1 July, the company said in a …
The dividend amount represents 10% of the company’s capital
1 July 10:12 AM Sumou Real Estate nods to SAR 25m dividends for FY19
Riyadh – Mubasher: The ordinary general meeting (OGM) of Sumou Real Estate Company consented to distribute cash dividends worth SAR 25 million to shareholders for fiscal year (FY) ending on 31 December 2019. The dividend amount, equivalent to SAR …
Board members will receive a remuneration of SAR 1.2 million for 2019
1 July 09:20 AM Arabian Shield cancels 2019 dividends
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company’s ordinary general meeting (OGM) decided not to distribute dividends for fiscal year (FY) 2019 following a recommendation from the company’s board of directors. It also discharged the …
The board decided to delay the selection of the CEO and managing director
30 June 11:54 AM Real Estate Egyptian Consortium names chairman
Cairo – Mubasher: Real Estate Egyptian Consortium said that its board of directors approved the appointment of Adel Mamoun as the company’s chairman for a three-year term starting from 4 June. The board decided to delay the selection of the CEO …
The capital cut will offset the company's accumulated losses
30 June 11:50 AM Saudi Amiantit submits capital cut request to CMA
Riyadh - Mubasher: Saudi Arabian Amiantit Company has submitted two requests to the Capital Market Authority (CMA) for a capital reduction and increase. The company wants to cut the capital by SAR 144.51 million before increasing it via a rights …
Board members will obtain a remuneration worth SAR 1.4 million for 2019
30 June 10:15 AM Saudi German Hospital withholds 2019 dividends
Riyadh – Mubasher: The Middle East Healthcare Company’s (Saudi German Hospital) general assembly has decided to cancel the fiscal year (FY) 2019 dividends following a recommendation from the company’s Board of Directors. It further discharged the …
The decision will support the company’s financial position
30 June 09:56 AM Walaa Cooperative cancels 2019 dividends
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Walaa Cooperative Insurance Company approved withholding dividends for fiscal year (FY) ending on 31 December 2019 during its meeting on Monday.  The decision aims to strengthen the …
The company's losses shrank by 84% annually in 2019
29 June 11:51 AM Saudi Steel Pipe cancels 2019 dividends
Riyadh – Mubasher: Saudi Steel Pipe Company’s general assembly recently approved not to distribute any dividends to shareholders for fiscal year (FY) ending on 31 December 2019. It further discharged the Board of Directors from liability for 2019 …
Dividends will be at SAR 0.5 per share
28 June 10:58 AM Al Samaani greenlights capital hike, FY19 dividends
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Samaani Factory for Metal Industries Company approved raising the company’s capital to SAR 25 million from SAR 15 million via a 1-for-1.5 bonus share issuance. The capital increase …
A total of 350 million shares eligible for dividends
28 June 10:20 AM Sulaiman Al Habib proposes SAR 0.50/shr dividends for Q1
Riyadh – Mubasher: Dr. Sulaiman Al Habib Medical Services Group’s Board of Directors recommended a cash dividend distribution of SAR 175 million to shareholders for the first quarter (Q1) of 2020. The dividend amount represents 50% of the share’s …
Hamad Al Amiri was elected as CEO
28 June 09:32 AM Emirates Refreshments elects new chairman, CEO
Dubai – Mubasher: The board of Emirates Refreshments Company has elected Nader Ahmed Al Hammadi as the chairman of the company, according to the company's disclosure to Dubai Financial Market (DFM) on Sunday. The company's board also agreed on …
The company saw 27% lower net earnings in 2019
25 June 10:11 AM Al Etihad Cooperative approves no dividends for 2019
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company’s general assembly approved the board's recommendation not to distribute cash dividends to shareholders for fiscal year (FY) ended on 31 December 2019. A remuneration worth SAR 1.40 …
Winter Polo, Tantora Festival at Al Ula Desert - (Photo Credit: VisitSaudi)
24 June 11:51 AM Saudi Tourism Development Fund names CEO
Riyadh - Mubasher: The Board of Directors of the Saudi Tourism Development Fund approved appointing Qusai AI Fakhri as the fund’s CEO, according to an official statement on Wednesday. AI Fakhri has more than 20 years of experience in the …
The dividends represent 6.5% of the share’s nominal value
24 June 09:19 AM Advanced Petrochemical plans SAR 141m dividends for Q2-20
Riyadh – Mubasher: The Board of Directors of Advanced Petrochemical Company agreed to distribute cash dividends of SAR 140.7 million to shareholders for the second quarter (Q2) of 2020, or SAR 0.65 per share.   The dividend amount is distributed …
The dividends represent 10% of the capital
23 June 09:14 AM SASCO approves SAR 60m dividends for 2019
Riyadh – Mubasher: The general assembly of Saudi Automotive Services Company (SASCO) approved distributing SAR 60 million as cash dividends to shareholders for fiscal year (FY) 2019, equivalent to SAR 1 per share or 10% of the share's par value. …
Mohamed Alabbar was chosen as chairman of Emaar Development
22 June 11:07 AM Emaar Malls, Emaar Development appoint new chairmen
Dubai – Mubasher: Emaar Malls and Emaar Development appointed Mohamed Al Hussaini and Mohamed Ali Alabbar, respectively, as board chairmen. Emaar Malls has elected Ahmad Thani Rashed Al Matrooshi as a vice chairman, while Jamal bin Theniyah was …
The board also agreed on appointing Fathie bin Ghrira as a vice chairman
22 June 09:33 AM Union Properties appoints new chairman
Dubai – Mubasher: The board of Union Properties has elected Khalifa Hassan Ali Saleh Al Hammadi, an uncontested candidate, as the company's chairman, according to a disclosure to the Dubai Financial Market (DFM) on Monday. The board also agreed on …
The transaction will reflect positively on the insurer's financials for FY20
21 June 01:51 PM Alinma Tokio Marine renews insurance deal with Alinma Bank
Riyadh – Mubasher: Alinma Tokio Marine Company on Sunday renewed an insurance agreement with Alinma Bank to provide some general insurance products effective for one year and subject to the agreed terms and conditions. The contract’s value exceeds …
Aramco plans SAR 70.32 billion dividends for the first quarter of 2020
18 June 06:06 PM Saudi Aramco reveals plans to finance Q1 dividends
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) plans to use cash and debt to pay the planned SAR 70.32 billion ($18.75 billion) cash dividends to its shareholders for the first quarter (Q1) of 2020, according to the company’s …