Board of Directors

Bahrain Kuwaiti Insurance has a capital of BHD 7.2 million
2 hours ago Bahrain Kuwaiti Insurance proposes dividends, bonus
Mubasher: The board members of Bahrain Kuwaiti Insurance recommended distributing cash dividends and bonus shares for fiscal year 2017. Bahrain Kuwaiti Insurance proposed 25% and 100% of paid-up capital as a cash dividend and a bonus share, …
Dubai Islamic Bank will pay a total of AED 2.219 billion as dividends
10:17 AM Dubai Islamic Bank to pay 45% dividends for FY17
Dubai – Mubasher: The ordinary general meeting (OGM) of Dubai Islamic Bank has approved the board’s recommendation to pay 45% of capital as cash dividends or 45 fils per share for fiscal year 2017. Dubai Islamic Bank will pay a total of AED 2.219 …
The paid-up capital will increase to a maximum of AED 6.58 billion
09:50 AM Dubai Islamic Bank nods to capital hike
Dubai – Mubasher: The ordinary general meeting (OGM) of Dubai Islamic Bank on Wednesday approved raising the capital by 33.33%. The UAE's largest sharia-compliant bank will issue new shares up to 1.64 billion at a total value of AED 1.647 billion …
SAFCO’s net profits plunged 76.71% to SAR 62.51 in the fourth quarter of 2017.
21 February 11:04 AM SAFCO's board proposes SAR 1/shr dividends for H2-17
Riyadh – Mubasher: The Saudi Arabian Fertilizer Co’s (SAFCO) board of directors recommended the distribution of SAR 416.67 million in cash dividends with a dividend per share of SAR 1 for the second half of 2017, representing 10% of the share’s …
The board nodded to increase the bank’s capital by 5%
21 February 10:17 AM Ahli Bank OKs distributing 15% of 2017 profits in dividends
Mubasher: Ahli Bank on Wednesday announced that its ordinary and extraordinary general meetings approved distributing 15% of 2017 profits in cash dividends. The distributions consist of 10% in cash dividends, in addition to 5% in bonus shares, …
Osos will consider paying 10 fils per share as dividends for FY17
20 February 12:22 PM Osos to consider paying 10 fils/shr dividends mid-March
Mubasher: Osos Holding Group Co will hold its ordinary general meeting (OGM) on Sunday, 11 March, to discuss the board’s recommendation of distributing 10% of capital as cash dividends for fiscal year 2017. Osos will consider paying 10 fils per …
Al Ahleia Insurance recommended a cash dividend of 35%
20 February 10:06 AM Al Ahleia Insurance posts lower profits in FY17; dividends proposed
Mubasher: Al Ahleia Insurance posted a drop of 47% in profits during the fourth quarter of 2017 compared to the same period in the prior year. Earnings shrank to KWD 1.52 million ($5.1 million) in Q4-17 from KWD 2.87 million ($9.6 million) in …
NCB’s capital will be increased to SAR 30 billion, up from SAR 20 billion
19 February 05:08 PM CMA nods to Saudi NCB's capital hike
Riyadh – Mubasher: The Saudi Arabia-based National Commercial Bank (NCB) has obtained the Capital Market Authority’s (CMA) approval for raising its capital by SAR 10 billion through bonus shares. NCB’s capital will be increased to SAR 30 billion, …
Capital decrease will be implemented through cancelling 17 million shares
19 February 11:46 AM MetLife's board recommends 49% capital reduction
Riyadh – Mubasher: MetLife AIG ANB Cooperative Insurance Company’s board of directors on Monday recommended trimming capital by 48.6% to SAR 180 million from SAR 350 million. Capital decrease will be implemented through cancelling 17 million …
Al Yamamah Steel to discuss 2017 dividends early March
19 February 10:39 AM Al Yamamah Steel to discuss 2017 dividends early March
Riyadh – Mubasher: Al Yamamah Steel Industries Co’s board of directors will discuss the dividends that were distributed during the full year 2017 on Tuesday, 6 March. The metal products manufacturer distributed SAR 1.5 dividends last year, …
Bayan achieved a profit of nearly KWD 33,420 in FY17
19 February 10:03 AM Bayan Investment FY17 financials turn profitable
Mubasher: Bayan Investment reported a decline of 88.8% in losses during the fourth quarter of 2017 compared to the same period in the prior year. Losses decreased to about KWD 36,380 ($121,820) in Q4-17 from approximately KWD 323,730 ($1.08 …
GFH will hold its board meeting on 25 February
19 February 09:45 AM GFH to consider Ahmed Al Mutawa resignation late February
Mubasher: GFH Financial Group will hold its board meeting on Sunday, 25 February, to discuss the resignation of the deputy chairman Ahmed Al Mutawa from his membership in the boards of GFH, Khaleeji Commercial Bank, and GFH Capital Limited. The …
The transaction was executed for 242 fils per share
18 February 10:21 AM GBK board member sells stake for 242 fils/shr
Mubasher: The board member of Gulf Bank of Kuwait (GBK) Badr Abdelmohsen Algean has sold about 92,610 of the bank’s shares during the trading session on Thursday, 15 February. The transaction was executed for 242 fils per share, at a total value …
Al Rajhi Bank recommended the distribution of SAR 4.06 billion in cash dividends
18 February 10:11 AM Al Rajhi Bank proposes SAR 2.5/shr dividends for H2-17
Riyadh – Mubasher: Al Rajhi Bank’s board of directors recommended the distribution of SAR 4.06 billion in cash dividends with a dividend per share of SAR 2.5, representing 25% of the share’s par value, according to a statement to the Saudi Stock …
The distribution date is expected to be on 2 April
18 February 09:54 AM Ooredoo to consider 70 fils/shr dividends early March
Mubasher: National Mobile Telecommunications (Ooredoo) will hold its ordinary general meeting (OGM) on 7 March to discuss the board members’ recommendation to distribute 70% cash dividends for fiscal year 2017. Ooredoo will consider paying 70 fils …
Arabian Shield's capital will rise to SAR 300 million, up from SAR 200 million
15 February 05:25 PM Arabian Shield OKs 50% capital hike via bonus shares
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company’s board of directors on Thursday recommended raising capital by 50% or SAR 100 million through bonus shares. The capital of the insurance products and services provider will rise to …
Al Aman closed Thursday’s session 3.6% higher at 52 fils
15 February 05:06 PM Al Aman Investment board proposes 24% capital cut
Mubasher: The board members of Al Aman Investment have recommended shrinking capital by 23.7% to KWD 15 million from KWD 19.65 million, according to a bourse statement on Thursday. The capital decrease will be executed through cancelling 16.48 …
Kuwait Insurance’s board recommended a cash dividend of 25%
15 February 03:23 PM Kuwait Insurance turns profitable in FY17; dividends proposed
Mubasher: Kuwait Insurance achieved a leap of 506% in profits during the fourth quarter of 2017 compared to the corresponding period in 2016. Earnings surged to KWD 866,000 ($2.9 million) in Q4-17 from nearly KWD 142,900 ($477,500) in Q4-16, …
GFH is currently working on exiting investments in North Africa
15 February 12:59 PM GFH profits in FY17 shrink on $464.6m legal dispute
Mubasher: The decline in GFH Financial Group’s income statements for fiscal year 2017 is attributed to lower revenues of $204.4 million compared to $570 million in the previous fiscal year, the CEO of GFH, Hisham Al Rayes, said in a recent …
The growth in FY17 profits is attributed to an increase in premiums
15 February 10:15 AM Kuwait Reinsurance FY17 profits grow 57%; bonus proposed
Mubasher: Kuwait Reinsurance reported a plunge of 83.8% in profits during the fourth quarter of 2017 compared to the same period in the 2016 fiscal year. Earnings shrank to KWD 279,000 ($932,250) in Q4-17 from KWD 1.72 million ($5.75 million) in …
Burgan bank closed Wednesday’s session 0.97% higher at 312 fils
14 February 03:40 PM Burgan Bank FY17 profits shrink; dividends proposed
Mubasher: Burgan Bank reported a decline of 42.4% in profits to KWD 11.29 million ($37.67 million) in the fourth quarter of 2017 compared to KWD 19.59 million ($65.37 million) in the same period last year. During the 2017 fiscal year, the …
Nafais Holding was first listed on Boursa Kuwait in early May 2005
14 February 09:43 AM Nafais Holding to delist from Boursa Kuwait on Thursday
Mubasher: Nafais Holding announced that the company will officially withdraw from Boursa Kuwait on Thursday, 15 February 2018, according to a bourse filing on Wednesday. Late March 2017, the Capital Markets Authority (CMA) has approved the …
The growth in FY17 profits is attributed to higher revenues by 9%
14 February 09:17 AM Kuwait National Cinema FY17 profits grow 9%; dividends proposed
Mubasher: Kuwait National Cinema reported a decline of 33.2% in profits during the fourth quarter of 2017 compared to the same period in the previous year. Earnings decreased to KWD 1.23 million ($4.11 million) in Q4-17 from KWD 1.84 million …
The new board has been elected for three years
13 February 02:46 PM Inovest shareholders elect new board
Mubasher: The ordinary general meeting (OGM) of Inovest, which is listed on both Boursa Kuwait and Bahrain Bourse (BHB) has approved the resignation of its board members on Monday, 12 February. Inovest’s shareholders have elected new board …
This new position will be effective starting from 5 May
13 February 10:04 AM National Real Estate names new CEO
Mubasher: National Real Estate has appointed Faisal Jameel Al Sultan Al Essa as the new CEO. This new position will be effective starting from 5 May 2018, according to a bourse statement on Tuesday. The Kuwait-based firm noted that hiring Al Essa …