Board of Directors

Dar Al Arkan’s Ziad Al-Chaar resigns
25 July 12:10 PM Dar Al Arkan’s Ziad Al-Chaar resigns; new CEO named
Riyadh – Mubasher: The CEO of Dar Al-Arkan Real Estate Development Company has resigned and the firm has accepted it and announced his replacement. Ziad Al-Chaar, who has resigned his post citing personal reasons, will be replaced by Emaar Middle …
Ooredoo has posted a decline of 15% in FY17 earnings
18 July 12:51 PM Ooredoo to consider Q2 financials late July
Mubasher: National Mobile Telecommunications (Ooredoo) will hold its board meeting on Wednesday, 25 July, to discuss the income statements of the second quarter ended last June, according to a bourse statement on Wednesday. In the first quarter of …
Alafco achieved a surge of 214% in profits in Q2
15 July 03:38 PM Alafco to consider Q3 financials on Wednesday
Mubasher: Aviation Lease and Finance (Alafco) will hold its board meeting on Wednesday, 18 July, to consider the income statements of the third quarter that ended on 30 June 2018, according to a bourse statement on Sunday. During the second …
Global will have adequate capital and liquidity to fund its core fee business
11 July 01:13 PM Kuwait’s Global proposes KWD 7.5m dividends by capital cut
Mubasher: Global Investment House on Wednesday announced that its board of directors had recommended distributing a cash dividend of KWD 7.5 million to shareholders through capital reduction during a meeting held in the previous day. Global noted …
Global Telecom to get $965m from Djezzy deal
8 July 12:19 PM Global Telecom to get $965m from VEON deal
Cairo – Mubasher: Global Telecom Holding (GTH) on Sunday said that if its minority shareholders approve the VEON deal, the company would receive a net sum of $965 million. Several sums to be repaid will also be postponed, it said in a filing to …
Kuwait’s Sanad acquires Albanian firm for $4.8m
8 July 11:35 AM Kuwait’s Sanad acquires Albanian firm for $4.8m
Mubasher: Sanad Holding on Sunday announced its acquisition of an Albanian real estate firm for KWD 1.45 million ($4.79 million) through one of its subsidiaries. The acquired firm, whose name has not been disclosed, owns various properties and …