Board of Directors

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21 May 01:56 PM Eshraq to elect new board members early June
Abu Dhabi – Mubasher: Eshraq Properties will hold its ordinary general meeting (OGM) on 8 June to elect three new board members. The new members will remain until the current board’s management time ends, according to a bourse statement issued on …
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18 May 10:51 AM Orascom nominates new non-executive director
Cairo – Mubasher: Orascom Construction Limited’s board has nominated Mustafa Abdel Wadood for the position of non-executive director, Invest-Gate reported. Abdel Wadood’s appointment will be effective 1 June 2017, but is subject to the approval of …
One of Damac's exhibitions (Photo Credit: Company Website)
18 May 08:49 AM Damac managing director Ziad El Chaar resigns
Dubai – Mubasher: Damac Properties announced the resignation of Ziad El Chaar from his position as managing director and executive board member, according to a bourse statement. The company has also appointed Ossama Wassim Abbas to assume the …
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17 May 02:45 PM Candidatures for EGX board to begin late May
Cairo - Mubasher: The chairman of the Egyptian Exchange (EGX), Mohamed Omran, said that filing candidacies for the exchange’s board of directors will begin on Sunday, 28 May. Omran added on Wednesday that the elections are set to take place on 22 …
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15 May 03:28 PM Qatar Petroleum to sell 3 oil cargoes in July
Doha – Mubasher: Qatar Petroleum (QP) on Monday announced its intentions to sell Al-Shaheen crude oil through a joint venture (JV) with French oil company Total starting July 2017, Reuters reported, citing a document it obtained. The three cargoes …
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14 May 10:36 AM Al Khodari appoints new chairman
Riyadh – Mubasher: Abdullah Abdul Mohsen Al Khodari Sons said its board has decided to appoint Ali Abdullah Abdul Mohsen Al Khodari as chairman of the board. In addition, the board appointed Ibrahim Abdullah Ibrahim Al Mutrafa as vice chairman, …
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11 May 01:14 PM Sadafco to discuss distributing SAR 4/shr dividends
Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (Sadafco) announced that its shareholders meeting will take place on 24 May to discuss distributing cash dividends amounting to SAR 4 per share, totalling SAR 130 million. The shareholders will …
Arabte's headquarter (Photo Credit: Arabianeye-Reuters)
10 May 10:22 AM Arabtec appoints new unit CEO
Dubai – Mubasher: Arabtec Holding announced on Wednesday the appointment of Gavin Appleby as a managing director of its wholly owned subsidiary Emirates Falcon Electromechanical Company (EFECO). Appleby will assume his responsibilities on 28 May …
One of Etihad Aviation's airlines (Photo Credit: Company Website)
8 May 12:18 PM Etihad Aviation unveils new managerial changes
Abu Dhabi – Mubasher: The Etihad Aviation Group announced on Monday, 8 May, a number of managerial changes, according to a bourse statement. The company has appointed Ray Gammell as interim CEO to replace James Hogan, President and Group CEO, who …
Arabtec's headquarter (Photo Credit: Arabianeye-Reuters)
7 May 02:23 PM Arabtec Construction appoints new CEO
Dubai – Mubasher: Arabtec Holding appointed Boyd Merrett as the CEO of Arabtec Construction, according to a bourse statement. Boyd will assume his role as CEO of the wholly owned subsidiary of Arabtec in July 2017. Arabtec’s stock fell 9.04% to …
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7 May 08:33 AM Dubai Investments names new chairman
Mubasher: The board members of Dubai Investments on 4 May has elected Sohail Faris Al Mazrui to be the company’s new chairman, according to a bourse statement issued on Sunday. Dubai Investments has also elected Hussain Al Junaidy to be the vice …
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4 May 04:10 PM City Cement chairman passes away
Riyadh – Mubasher: City Cement announced that its chairman, Prince Misha'al Ibn AbdulAziz Al Saud, passed away on Wednesday. The company noted that it will announce any development concerning the appointment of a new chairman in due time. City …
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4 May 01:31 PM NCB EGM approves SAR 1/shr dividends for Q4
Riyadh – Mubasher: The extraordinary general meeting (EGM) of the National Commercial Bank (NCB) on Thursday approved distributing SAR 1 per share or 10% of the stock’s par value for the fourth quarter of fiscal year 2016. The cash dividends total …
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3 May 02:58 PM Kuwait Investment to distribute 7fils/shr
Kuwait - Mubasher: The ordinary general meeting (OGM) of Kuwait Investment has approved the distribution of cash dividends to shareholders at 7 fils per share, representing 7% of capital. The company’s capital amounts to KWD 55.13 million …
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3 May 01:49 PM GASCO approves SAR 0.35/shr dividends for Q1
Riyadh – Mubasher: The National Gas and Industrialization Company’s (GASCO) board decided to distribute a cash dividend of 35 halalas per share, or 3.5% of capital, totalling SAR 26.25 million for the first quarter of 2017. The cash payment will …
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3 May 12:07 PM Zaatari replaces Al Duailej as Saudi Printing CEO
Riyadh – Mubasher Saudi Printing and Packaging on Wednesday announced that Ghassan bin Mohamed Zaatari will replace Abdulaziz Al Duailej as the company’s CEO, starting from 1 July, according to a company statement. Zaatari has a bachelor’s degree …
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2 May 05:35 PM Saudi Cable to cut capital by 47%
Riyadh - Mubasher: The board of Saudi Cable Co has decided to reduce the company’s capital by 46.8% from SAR 760 million to SAR 404.1 million, according to a bourse filing. The number of shares before the reduction was 76 million shares, it will …
(Photo Credit: Bank website)
2 May 09:22 AM New CEO appointed for Investcorp KSA
Riyadh – Mubasher: Investcorp Bank appointed Gabriel Aractingi as the CEO of the firm’s business in Saudi Arabia, namely Investcorp Saudi Arabia Financial Investments. Aractingi will cover Riyadh and the Eastern Province, while Yasser Bajsair, …
Ahmed Khalaf Al Marri (Photo archive)
1 May 07:53 PM Union Properties to fill vacant board seats on late May
By: Amr Adel Dubai – Mubasher:  Union Properties on Monday announced that it will hold an ordinary general meeting (OGM) on Wednesday 25 May to fill the board’s three vacant seats, said the company’s general manager Ahmed Khalaf Al Marri. In its …
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1 May 03:35 PM Union Properties considers restructuring - GM
By: Amr Adel Dubai - Mubasher: The General Manager of Union Properties said on Monday that a restructuring plan for the company is being considered, but it remains subject to the approval of the new board of directors. Ahmed Al Marri said in a …
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1 May 11:16 AM Medgulf appoints new CEO
Riyadh – Mubasher: Mediterranean and Gulf Cooperative Insurance and Reinsurance (Medgulf) announced appointing Abdulrahman Mohamed Al Zuwaidi on Sunday to act as the CEO for six months as of 1 May. The company noted that Al Zuwaidi has resigned on …
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30 April 01:23 PM Jazeera Airways shareholders nod to FY16 dividends
Kuwait - Mubasher: The ordinary general meeting (OGM) of Jazeera Airways approved distributing 35% of the share’s nominal value for fiscal year 2016, with a total cash dividend of KWD 7 million, according to a press release issued on Sunday. The …
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26 April 01:35 PM Alafco to discuss Q2 financials early May
Mubasher: Aviation Lease and Finance (Alafco) will hold a board meeting on 2 May to discuss the financial statements of the second quarter ended 31 March 2017, according to a bourse statement issued on Wednesday. Alafco achieved a growth of 72.8% …
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24 April 09:30 AM REAM to pay 5% dividends
Mubasher: The ordinary general meeting (OGM) of Real Estate Asset Management (REAM) approved distributing 5% of capital as cash dividends for fiscal year 2016, according to a bourse statement issued on Monday. REAM’s capital stands at KWD 10.45 …
One of UNB's meetings (Photo Credit: CompanyWebsite)
20 April 10:36 AM UNB board member resigns
Abu Dhabi – Mubasher: Union National Bank (UNB) said Ahmed Saeed Al Badi resigned from the board, according to a bourse statement. The company’s chairman is Nahyan bin Mubarak Al Nahyan and CEO is Mohammad Ahmed Nasr Abdeen.