Board of Directors

Independent member Ahmed Saeed Al Hamiri was appointed as vice chairman
13 September 10:28 AM DSI appoints new chairman
Abu Dhabi – Mubasher: Drake and Scull International’s (DSI) board elected on 12 September Abdulla Atatreh as the new chairman. This action followed the resignation of Abdulla Fareed Algurg from his position as the company’s chairman during the …
The shareholders have disapproved the financial statements of FY16
11 September 04:21 PM Yiaco stock suspended on financials disapproval
Mubasher: Boursa Kuwait on Monday has suspended trading on Yiaco Medical’s stock, following the ordinary general meeting (OGM) on Sunday, until the income statements are approved. The shareholders have disapproved the financial statements of …
The capital increase will help ensure funds availability and improving profitability
28 August 05:24 PM Cleopatra Hospital to file for EGP700m capital hike
Mubasher: Cleopatra Hospital Group has approved filing for capital increase through a fully tradable rights issue at EGP 0.50 per share. The board of directors will now seek regulatory approval from the Egyptian Exchange (EGX) to raise the capital …
Abu Qir proposed the distribution of a cash dividend for FY16/17
28 August 01:24 PM Abu Qir suggests cash dividend distribution of EGP 10.5/shr for FY16/17
Cairo – Mubasher: Abu Qir Fertilizers’ board of directors proposed the distribution of a cash dividend for fiscal year ended June 2017, equivalent to EGP 10.5 per share.   The Egyptian firm announced that shareholders’ share of profits of FY16/17 …
The resignation of Inovest’s board of directors was due to personal reasons
28 August 01:22 PM Inovest board members resign
Mubasher: The board members of Inovest, which is listed on both Boursa Kuwait and the Bahrain Bourse (BHB), have submitted their resignation letters, according to a bourse statement issued on Monday. The resignation of Inovest’s board of directors …
The capital decrease will take place through cancelling 60 million shares, according to the company's statement to the Saudi Stock Exchange (Tadawul)
23 August 05:25 PM Medgulf appoints Saudi Fransi Capital to manage capital cut
Riyadh – Mubasher: Mediterranean and Gulf Cooperative Insurance and Reinsurance’s (Medgulf) board of directors on Wednesday authorised the extraordinary general meeting (EGM) to reduce its capital to SAR 400 million, from SAR 1 billion. The …
The board of directors of Saudi Ground Services Co (SGS) on Sunday approved appointing Omar Mohamed Najjar as the new CEO
20 August 09:34 AM Ground Services names Najjar new CEO
Riyadh – Mubasher: The board of directors of Saudi Ground Services Co (SGS) on Sunday approved appointing Omar Mohamed Najjar as the new CEO of the company, effective 25 September 2017, according to a statement to the Saudi Stock Exchange …
No negative impact on the financial position of the company
17 August 05:17 PM Remal appoints Al Nassar as chairman
Mubasher: Kuwait Remal Real Estate (Remal) appointed Khalifa Abdullah Ali Al Nassar as the company’s chairman and Ehab Abdul Hakeem Mahmoud as the deputy chairman and CEO after a secret ballot. Radley Ran Ravin, Abdulrahman Al Kandari, and Yasir …
The plan includes boosting revenues and net profits by cutting down on provisions
14 August 07:21 PM Medgulf to reduce capital after accumulated losses
Riyadh – Mubasher: Mediterranean and Gulf Cooperative Insurance and Reinsurance (Medgulf) announced its plan to adjust the financial situation, which includes calling for an extraordinary general meeting (EGM) to approve the capital reduction …
13 August 09:30 PM Banque Saudi Fransi appoints new board member
Riyadh - Mubasher: Banque Saudi Fransi (BSF) announced on Sunday that Francois Jean Marion has been appointed as a new member of the bank’s board of directors, starting from 13 August 2017. The newly appointed official will succeed Sebastian …
Egypt for Poultry will cut its capital to EGP 85.14 million
13 August 08:51 PM Egypt for Poultry BOD approves capital cut
Cairo - Mubasher: Egypt for Poultry said that its board of directors (BOD) has approved decreasing the company’s paid and authorized capital to EGP 85.14 million from EGP 94.6 million, according to a bourse filing. The company said in a statement …