Board of Directors

National Medical Care appoints new CEO
21 October 09:51 AM National Medical Care appoints new CEO
Riyadh – Mubasher: National Medical Care Co. on Sunday announced the resignation of its CEO and the appointment of a new one. CEO Raed Abdullah Altamimi has resigned his post, the firm said in a statement to the Saudi Stock Exchange (Tadawul), …
Egytrans on Monday announced that its share buyback offer of EGP 7.2 per share was 1.3 times oversubscribed
15 October 06:47 PM Egytrans buyback at EGP 7.2/shr 1.3x oversubscribed
Cairo - Mubasher: Egyptian Transport and Commercial Services Co (Egytrans) on Monday announced that its share buyback offer of EGP 7.2 per share was 1.3 times oversubscribed.  Earlier in October, the company’s board decided to repurchase 2.2 …
Foreign shareholders will enjoy the same rights of the Emirati shareholders
14 October 09:25 AM Etisalat to lift voting right restrictions for foreign shareholders
Abu Dhabi – Mubasher: Emirates Telecommunications Group’s (Etisalat) board of directors has approved to lift restrictions on voting rights of foreign shareholders. Upon this decision, foreign shareholders will enjoy the same rights as those of …
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12 October 12:28 AM Nama Chemicals seek approval to raise capital
Mubasher: Nama Chemicals announced on Thursday that it has filed for a capital hike through the issuance of bonus shares. The company requested the approval of the Capital Markets Authority (CMA), according to a statement to the Saudi Stock …
International Resorts stock closed Wednesday’s session at 20.4 fils
10 October 05:19 PM International Resorts to consider delisting mid-October
Mubasher: International Resorts will hold a board meeting on Monday, 15 October, to discuss the income statements of the third quarter ended on 30 September 2018. The board members will also consider the recommendation of withdrawing its shares …
The maturity date will be 7 November 2018
7 October 03:53 PM Mena Real Estate to discuss capital cut late October
Mubasher: Mena Real Estate will hold its ordinary general meeting (OGM) on Monday, 22 October, to consider the board’s recommendation of reducing the capital by about KWD 138,700 that represents the unsubscribed shares by the shareholders of …
IPG registered an increase of 16.2% in Q2 profits
7 October 03:23 PM IPG board to consider Q3 financials on Wednesday
Mubasher: Independent Petroleum Group (IPG) will hold its board meeting on Wednesday, 10 October, to discuss the income statements for the third quarter of 2018. IPG’s board members noted that the financials of the nine-month period ended on 30 …
SCA to investigate Marka capital cut-and-hike
7 October 11:49 AM SCA to investigate Marka capital cut-and-hike
Dubai – Mubasher: The UAE’s Securities and Commodities Authority (SCA) has said that Dubai-listed Marka’s board proposal to cut capital then raise it again required subsequent legal measures. The SCA stated that it would examine the proposal both …
Amwal will call for electing a new board of directors for the next three years
7 October 09:36 AM Amwal’s board resigns after SHUAA acquisition
Mubasher: Amwal International Company on Sunday announced the resignation of all of its board members on the back of the acquisition of an acquisition of a majority stake in the company’s shares by UAE-based SHUAA Capital. The company will call …
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3 October 11:20 PM Al-Sudairi appointed as new Saudi Electricity CEO
Riyadh - Mubasher: Saudi Electricity Company (SEC) announced that CEO Ziad bin Mohammed Al-Shiha has resigned from his position. The company’s board of directors has named Fahad bin Hussein Al-Sudairi as the new CEO, the company said in a …
GFH is listed on Boursa Kuwait, DFM, and BHB
26 September 03:58 PM GFH to consider Q3 income statements mid-November
Mubasher: GFH Group will hold a board meeting on Sunday, 11 November to consider the financial statements for the third quarter of 2018, according to a recent bourse disclosure. In the first half of 2018, GFH achieved an increase in profits to …
Marakez closed Tuesday’s session at 23.4 fils
25 September 05:18 PM Marakez board approves capital hike
Mubasher: The board members of Real Estate Trade Centers (Marakez) approved the proposals requests by debtors to increase the capital by canceling the amount from the debtors’ account. Marakez board approved canceling a total of KWD 550,000 as …
Dana Gas to tackle Egypt, UAE, Iraq operations in next BOD meeting
23 September 09:09 AM Dana Gas to tackle Egypt, UAE, Iraq operations in next BOD meeting
Abu Dhabi – Mubasher: Dana Gas on Sunday said it would hold a board of directors (BOD) meeting later this week to discuss operations and business development projects in Egypt, the UAE, and the Kurdistan Region of Iraq. The meeting, slated for …
Kingdom Holding buys stake in Lyft from bin Talal
11 September 09:28 AM Kingdom Holding buys stake in Lyft from bin Talal
Riyadh – Mubasher: Kingdom Holding Company (KHC) on Tuesday announced that its board had agreed to purchase 4.766 million shares in ride-hailer Lyft from KHC chairman Prince Alwaleed bin Talal. The total value of the purchased shares amounts to …