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Board of Directors

AMOC targets revenues of EGP 10 billion
17 June 01:25 PM AMOC eyes EGP 227m investments next year
Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) intends to invest EGP 227 million as proposed in the budget plan for fiscal year (FY) 2021/2022. The board of AMOC approved the budget plan that indicates a net profit after tax worth EGP …
SASCO will later announce the distribution date
17 June 10:44 AM SASCO to distribute dividends worth SAR 12m for 2020
Riyadh – Mubasher: The shareholders of Saudi Automotive Services Company (SASCO) approved the board’s recommendation of paying an additional cash dividend of SAR 0.2 per share for 2020. SASCO will pay a total of SAR 12 million, representing 2% of …
There will be an increase of SAR 900,000 in the offering’s expenses
16 June 05:05 PM MedGulf amends rights issue value to raise capital
Riyadh – Mubasher: The board of the Mediterranean and Gulf Insurance and MedGulf Reinsurance Company (MedGulf) gave the green light for increasing the rights issue value to SAR 420 million instead of SAR 350 million. The company aims to raise its …
Pioneers Holding will focus on establishing securities firms or increasing their capital
16 June 01:54 PM Pioneers Holding’s board approves split proposal
Cairo – Mubasher: The board of Pioneers Holding Company approved the proposal drafted by a committee of the General Authority for Investment to split the entity into three companies at total net equity rights of EGP 7.03 billion while maintaining …
The board has also agreed on appointing Al Tamimi & Company as the legal advisor
16 June 11:27 AM DAMAC appoints independent committee to assess Maple Invest's acquisition offer
Dubai – Mubasher: The board of DAMAC Properties has approved to appoint an independent committee to review and assess the offer made by Maple Invest Co, owned by Hussain Sajwani, to acquire 100% of the company's issued and paid-up ordinary share …
Photo Credit: Pixabay
14 June 06:43 PM Qalaa Holdings explains Chairman’s travel ban situation
Cairo – Mubasher: Qalaa Holdings said on Monday that the company’s Chairman Ahmed Heikal was informed that his name appears on the travel ban list. In a disclosure to the Egyptian Exchange (EGX), Qalaa said that this happened as the chairman was …
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14 June 01:58 PM Stanford Marine secures $45m bank loan
Dubai – Mubasher: Shuaa Capital announced that its subsidiary, Stanford Marine Group, has secured $45 million (AED 165 million) financing from the National Bank of Fujairah (NBF). The National Bank of Fujairah will be providing the finances …
Al Kathiry has been Maharah’s Vice President of Sales and Operations
14 June 10:34 AM Maharah Human appoints Acting CEO
Riyadh – Mubasher: The board of Maharah Human Resources Company decided to appoint Abdulaziz Edah Al Kathiry as the Acting CEO as of 15 June 2021 and until further notice. Al Kathiry has been Maharah’s Vice President of Sales and Operations, …
The distribution date will be 14 July
14 June 10:21 AM SABIC Agri-Nutrients to pay SAR 595m dividends for H1-21
Riyadh – Mubasher: The board of SABIC Agri-Nutrients Company announced a dividend distribution worth SAR 1.25 per share, representing 12.5% of the share’s par value, for the first half (H1) of 2021. The company will distribute a total of SAR …
SADAFCO plans to pay a cash dividend of SAR 3 per share
13 June 04:40 PM SADAFCO’s board proposes SAR 96m dividends for FY20/21
Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (SADAFCO) recommended dividends’ distribution worth a total of SAR 95.99 million for fiscal year (FY) 2020/2021, according to a bourse disclosure on Sunday. SADAFCO plans to pay a …
The board of Dana Gas has elected Abdulhameed Dhia Jafar as Chairman
10 June 11:05 AM Dana Gas appoints new Chairman, Vice Chairman
Abu Dhabi – Mubasher: The board of Dana Gas has elected Abdulhameed Dhia Jafar as Chairman of the company and Rashed Saif Saeed Al Jarwan Al Shamsi as Vice Chairman for the 2021-2024 term. During its meeting, the board also considered the …
Revenues shrank by 50% on an annual basis to SAR 369.2 million
9 June 05:36 PM Arabian Pipes turns to loss in 2020; changes to capital proposed
Riyadh – Mubasher: Arabian Pipes Company incurred a net loss after Zakat and tax worth SAR 195.3 million in 2020, against net profits worth SAR 30.2 million in 2019. The company’s loss per share stood at SAR 4.9 last year, versus earnings per …
Abla Youssef Abdullah was named the Managing Director
7 June 03:06 PM Essam Sadek named Chairman of Memphis Pharmaceutical
Cairo – Mubasher: The board of directors of Memphis Pharmaceutical and Chemical Industries approved the appointment of Essam Sadek Mohamed Sadek as the company’s Non-Executive Chairman. The board also named Abla Youssef Abdullah as the Managing …
Mohammed bin Abdullah Elkuwaiz
7 June 01:15 PM Elkuwaiz to chair Saudi CMA for four more years
Riyadh – Mubasher: Mohammed bin Abdullah Elkuwaiz has been reappointed as the Chairman of the Saudi Capital Market Authority (CMA) for four additional years as of 7 June 2021. Extending Elkuwaiz’s chairing term is pursuant to a royal decree by …
SEC has assigned the CEO responsibilities to Khaled bin Hamad Al Gnoon
7 June 11:37 AM SEC says CEO resigns, Al Gnoon assumes position
Riyadh – Mubasher: Saudi Electricity Company (SEC) has announced the resignation of its CEO Fahad bin Hussein Al Sudairi as of 7 June 2021 due to personal reasons, according to a bourse disclosure on Monday. SEC has assigned the CEO …
The company also named Yasser Ahmed Farghaly as the Managing Director
6 June 05:48 PM Adel Taha Abdel Wahab named Chairman of Kahira Pharmaceuticals
Cairo – Mubasher: The board of directors of Kahira Pharmaceuticals approved the appointment of Adel Taha Abdel Wahab as the company’s Chairman. The company also named Yasser Ahmed Farghaly as the Managing Director, according to a bourse disclosure …
Mohsen Farouk Mahmoud Yassin was named the Managing Director
6 June 01:59 PM Abdel Rahman Ali named Chairman of Nile Pharma
Cairo – Mubasher: The board of directors of Nile Co. for Pharmaceuticals and Chemical Industries (Nile Pharma) approved the appointment of Abdel Rahman Mohamed Ahmed Ali as the company’s Chairman. The company named Mohsen Farouk Mahmoud Yassin as …
Bassem El-Sayed Hussein Abdel Rahman was named the CEO and Managing Director
1 June 12:33 PM Mushira El-Maghraby named Chairman of Nasr Company for Civil Works
Cairo – Mubasher: The board of directors of Nasr Company for Civil Works has appointed Mushira Kamal Abdel Maksoud El-Maghraby as the company’s Chairman. In addition, the board also named Bassem El-Sayed Hussein Abdel Rahman as the CEO and …
Badran and Tantawy was CI Capital’s Group Co-CEOs
1 June 10:54 AM Palm Hills Developments hires new Co-CEOs, Managing Directors
Cairo – Mubasher: Palm Hills Developments (PHD) has appointed Hazem Badran and Tarek Tantawy as Group Co-CEOs and Managing Directors, following the approval of the board of directors on 30 May. “Yasseen Mansour will continue as the Executive …
Both Alkhudairy and Alhumied will assume their positions until 14 May 2024
31 May 05:29 PM Saudi National Bank appoints Chairman, Vice Chairman
Riyadh – Mubasher: Saudi National Bank has appointed Ammar Abdulwahid Alkhudairy as the Chairman of the board for a three-year term as of 15 May 2021. The bank also appointed Yazeed Abdulrahman Alhumied as the Vice Chairman of the board of …
Alothman will assume this position until 2022
31 May 10:47 AM Aljazira Takaful appoints Vice Chairman
Riyadh – Mubasher: Aljazira Takaful Taawuni Company has appointed Khaild Alothman as the Vice Chairman of the board as of 30 May 2021. Alothman will assume this position until 1 July 2022, according to a bourse disclosure on Monday. The new Vice …
Al Zarah and Al Suwailem will assume their positions until 2024
30 May 04:32 PM Shams appoints Chairman, Vice Chairman
Riyadh – Mubasher: Tourism Enterprise Company (Shams) has appointed Abdul Ilah bin Nasir Al Zarah as the Chairman of the board for the three-year term that started on 28 May 2021. The company also announced the appointment of Abdullah bin Omar Al …
Al khayal is succeeding Meyassar Nowailati
27 May 05:23 PM Saudi Cable appoints Chairman, Vice Chairman
Riyadh – Mubasher: Saudi Cable Company has appointed Abdulrahman Al khayal as the Chairman of the board as of 27 May 2021, according to a bourse filing on Thursday. The company has also appointed Noha Sulaimani as the Vice Chairman of the board. …
Both Al Shammari and Al Oraini will assume their positions until 2024
27 May 10:39 AM Al Khodari appoints Chairman, Vice Chairman
Riyadh – Mubasher: Abdullah Abdul Mohsin Al Khodari Sons Company (Al Khodari) has appointed Saud bin Thawini Al Shammari as the company’s Chairman for a three-year term, according to a filing to Tadawul on Thursday. Al Khodari also announced the …
Both Al Khayal and Abunayyan will assume their positions until 2024
26 May 04:02 PM Arabian Pipes appoints Chairman, Vice Chairman
Riyadh – Mubasher: Arabian Pipes Company has appointed Youssef bin Saleh Abba Al Khayal as the Chairman of the board for the coming three years, according to a bourse filing on Wednesday. The company also named Khalid bin Abdullah Abunayyan as the …