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Board of Directors

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14 minutes ago Shuaa Capital’s board approves changing terms of $150m bonds
Dubai – Mubasher: Shuaa Capital obtained the board’s approval to launch a consent solicitation relating to amending terms and conditions for $150 million in its issued bonds. In line with the listed company’s plans to enhance its capital …
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52 minutes ago Baazeem to pay 11% of capital as dividends for H2-23
Riyadh – Mubasher: The board of Baazeem Trading Company greenlighted cash dividends, on 17 March, worth SAR 11.13 million for the second half (H2) of 2023. The Saudi firm will distribute a dividend of SAR 1.10 per share, representing 11% of the …
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2 hours ago RAKBANK announces 2 key appointments
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) appointed Mohamed Omran Al Shamsi as the Chairman of the board. The lender’s board members also elected Shaikha Amneh Al Qasimi as the Vice Chairperson, according to a bourse …
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18 March 04:51 PM Almarai unveils SAR 18bn strategic plan
Riyadh – Mubasher: The board of Almarai Company greenlighted a strategic plan for the five years ending on 31 December 2028, with an investment programme exceeding SAR 18 billion. The plan aims to enhance continuous growth, enlarge sales, and …
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18 March 02:26 PM United Mining Industries obtains board’s nod for H2-23 dividends
Riyadh – Mubasher: The board of United Mining Industries Company greenlighted cash dividends valued at SAR 9.80 million, representing 7% of the capital, for the second half (H2) of 2023. The Saudi firm will distribute a dividend of SAR 0.70 per …
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18 March 12:38 PM Zoujaj to distribute SAR 16.5m dividends for H2-23
Riyadh – Mubasher: The National Company for Glass Industries (Zoujaj) unveiled the board’s decision to pay cash dividends valued at SAR 16.45 million for the second half (H2) of 2023. Zoujaj will disburse a dividend of SAR 0.50 per share, …
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18 March 12:28 PM Alandalus Property appoints new Chairman, Vice Chairman
Riyadh – Mubasher: Alandalus Property Company’s board of directors has approved appointing a new Chairman and a Vice Chairman. The new Chairman Abdulsalam bin Abdulrahman Al Aqeel and Vice Chairman Saleh bin Muhammad Al Habib will be non-executive …
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17 March 02:10 PM Air Arabia’s shareholders greenlight 20% dividend distribution for 2023
Dubai – Mubasher: The shareholders of Air Arabia approved the distribution of a 20% cash dividend for the financial year that ended on 31 December 2023, according to a press release. During  the company’s Annual General Meeting (AGM), the …
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17 March 12:33 PM Emaar Development’s board mulls AED 2bn dividends for 2023
Dubai – Mubasher: The board members of Emaar Development approved cash dividends valued at AED 2.08 billion for 2023, according to a bourse filing. The company will disburse a dividend of 52 fils per share, which is still subject to the approval …
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14 March 03:30 PM Ithmaar Holding’s CEO Taleb resigns
Mubasher: Ithmaar Holding, which is listed on Bahrain Bourse as well, has announced the resignation of its CEO, Abdulla Abdulaziz Taleb, according to a bourse filing. Taleb, who will officially leave the company on 14 April 2024, also resigned …
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14 March 12:58 PM Southern Province Cement’s board proposes dividends for H2-2023
Riyadh – Mubasher: The board of Southern Province Cement Company has recommended the distribution of SAR 91 million in cash dividends for the second half (H2) of 2023. The proposed dividends amount to SAR 0.65 per share, representing 6.50% of the …
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11 March 04:23 PM Domty logs EGP 454.5m consolidated profits in 2023; dividends unveiled
Cairo – Mubasher: Arabian Food Industries Company (Domty) recorded higher consolidated net profits after tax at EGP 454.43 million in 2023, compared to EGP 265.70 million in 2022. The earnings per share (EPS) jumped to EGP 1.30 last year from EGP …
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11 March 01:44 PM Misr Chemical Industries announces capital increase
Cairo - Mubasher: The shareholders of Misr Chemical Industries agreed to raise the issued and paid-up capital by half a free share for every original share funded from the profits of fiscal year (FY) 2022-2023. The general assembly also approved …
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11 March 10:53 AM Eastern Province Cement’s board nods to SAR 86m dividends
Riyadh – Mubasher: The board of directors of Eastern Province Cement Company has approved the distribution of SAR 86 million, or SAR per share, in cash dividends for the second half (H2) of 2023. The eligibility date is 17 March 2024 and the …
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10 March 02:29 PM Theeb Rent a Car unveils 2 key appointments
Riyadh – Mubasher: Theeb Rent a Car Company named Mohammed Ahmed Al Theeb as the Chairman of the board for the next three years. The board members also appointed Riyad Saleh Al Malik as the Vice Chairman, according to a bourse disclosure. The two …
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10 March 01:33 PM Jarir to distribute SAR 276m cash dividends for Q4-23
Riyadh – Mubasher: Jarir Marketing Company (Jarir Bookstores) announced the board’s decision to pay out SAR 276 million as cash dividends for the fourth quarter (Q4) of 2023. The Saudi company will disburse SAR 0.23 per share, equivalent to 23% of …
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10 March 12:05 PM Saudi Tadawul Group logs 8% lower profits in 2023; dividends recommended
Riyadh – Mubasher: The net profits of Saudi Tadawul Group Holding Company declined by 8.12% to SAR 390.10 million in 2023 from SAR 424.60 million a year earlier. The group witnessed 1.60% year-on-year (YoY) lower revenues at SAR 1.07 billion as of …
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7 March 02:51 PM Chemanol’s board appoints new CEO
Riyadh – Mubasher: The board of directors of Methanol Chemicals Company (Chemanol) has approved appointing Sabri Abdullah Al Ghamdi as the new CEO. Al Ghamdi will keep his responsibilities as a board member and a managing director, according to a …
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6 March 12:42 PM Deyaar to disburse cash dividend for 1st time
Dubai – Mubasher: The board members of Deyaar Development approved cash dividend distribution for the first time in the company's history, according to a press release. The board recommended distributing 4% of the share capital as dividend, which …
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5 March 11:31 AM SAPTCO’s losses down 75% in 2023; key appointments, new subsidiary unveiled
Riyadh – Mubasher: The net losses of Saudi Public Transport Company (SAPTCO) amounted to SAR 24.17 million in 2023, lower by 74.91% year-on-year (YoY) than SAR 96.35 million. Revenues increased by 18.96% to SAR 1.56 billion last year from SAR 1.31 …
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5 March 10:22 AM Yahsat unveils $110.5m profits to owners in 2023, dividends
Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Al Yah Satellite Communications Company (Yahsat) hit $110.36 million in 2023, marking an annual leap from $65.56 million. The revenues grew by 6% year-on-year (YoY) to …
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4 March 09:46 AM SAL logs nearly SAR 510m profits in 2023; dividends unveiled
Riyadh – Mubasher: SAL Saudi Logistics Services Company posted an annual hike of 40.65% in net profit to SAR 509.71 million as of 31 December 2023, compared to SAR 362.41 million. Earnings per share (EPS) jumped to SAR 6.37 last year from SAR 4.53 …
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3 March 02:00 PM NCLE unveils 2 key appointments
Riyadh - Mubasher: The National Company for Learning and Education (NCLE) appointed Khaled bin Mohammed Al Khudair as the Chairman of the board for three years. NCLE also named Ibrahim bin Abdelrahman Al Derei as the Vice Chairman, according to a …
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3 March 12:06 PM Zain KSA’s profits leap 130.5% in 2023; dividends proposed
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) posted an annual hike of 130.36% in net profit to SAR 1.26 billion as of 31 December 2023, compared to SAR 550 million. Earnings per share (EPS) enlarged to SAR 1.41 last …
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3 March 10:54 AM Suez Canal Bank registers higher profits in 2023, capital hike proposal
Cairo – Mubasher: Suez Canal Bank achieved EGP 2.29 billion in net profit after tax during 2023, an annual growth from EGP 1.04 billion. Net interest income amounted to EGP 3.24 billion as of 31 December 2023, marking a year-on-year (YoY) hike …