Board of Directors

The bonus shares will be distributed on 29 July
3 hours ago KGL Logistics nods to 5% bonus for FY17
Mubasher: The ordinary general meeting (OGM) of KGL Logistics approved the board’s recommendation to distribute 5% of the capital as bonus shares for fiscal year 2017. KGL Logistics will distribute 5-for-100 shares as a bonus for FY17, with a …
Almarai board nods to new 5-year plan, SAR 10.6 billion investments
09:00 AM Almarai board nods to new 5-yr plan, SAR 10.6bn investments
Riyadh – Mubasher: Almarai Co’s board of directors has announced overviewing the company’s upcoming five-year scheme, which is part of Almarai Co’s vision 2025. The plan, which will cover the period from 2019 until 2023, will focus on enabling the …
The insurance segment in Kuwait is currently facing challenges
22 May 01:31 PM United Insurance plans to list on Boursa Kuwait by 2021
Mubasher: United Insurance Company has planed for listing its shares on Boursa Kuwait by 2021, as the company’s current profile endorses it to list on the stock exchange, the chairman of United Insurance Yousef Fraih Al Harbi said, as reported by …
Arabian Shield’s capital will increase to SAR 300 million
22 May 11:43 AM Saudi Arabian Shield OKs 50% capital hike
Riyadh – Mubasher: Saudi Arabia-based Arabian Shield Cooperative Insurance Company on Tuesday announced that its shareholders approved to raise capital by 50% through bonus shares during an extraordinary general meeting (EGM) held the previous …
Total distributions amount to SAR 455.1 million after deducting Zakat and before deducting income tax.
22 May 10:44 AM Saudi Airlines Catering nods to SAR 455m dividends for FY2017
Riyadh – Mubasher: Saudi Airlines Catering Co. on Tuesday announced that its shareholders had approved a cash dividend distribution of 55% of the capital for 2017 during an extraordinary general meeting (EGM) held the previous day. Total …
Osoul will distribute the dividends on 19 June
21 May 09:51 AM Osoul Investment to pay 6% dividends for FY17
Mubasher: The ordinary general meeting (OGM) of Osoul Investment approved the board’s recommendation to distribute 6% of the capital as cash dividends for fiscal year 2017. The Boursa Kuwait-listed company will pay 6 fils per share as dividends, …
NCB has appointed Al Ghamdi as board chairman
20 May 09:03 AM NCB names Al Ghamdi as board chairman
Riyadh – Mubasher: The National Commercial Bank (NCB) on Sunday announced the appointment of a new chairman and vice chairman, as well as the formation of the board’s subcommittees. The Saudi bank named Saeed Mohammed Al Ghamdi as board chairman …
Gross operating revenues totalled KWD 62.02 million
13 May 04:33 PM Boubyan Petrochemical Q4 profits shrink 54%; dividends proposed
Mubasher: Boubyan Petrochemical registered a decline of 54.04% in profits during the fourth quarter that ended on 30 April 2018 compared to the same period in 2017. Earnings shrank to KWD 4.16 million ($13.82 million) in Q4 ended on 30 April 2018 …
The dividends will be distributed on 31 May
10 May 04:50 PM National Industries nods to 10% dividends for FY17
Mubasher: The ordinary general meeting (OGM) of National Industries Group Holding approved the board’s recommendation to distribute 10% of the capital as cash dividends for fiscal year 2017. National Industries, which is listed on both Boursa …
National Real Estate will distribute 10-for-100 shares
10 May 04:43 PM National Real Estate to pay 10% bonus for FY17
Mubasher: The ordinary general meeting (OGM) of National Real Estate approved the board’s recommendation to distribute 10% of the capital as bonus shares for fiscal year 2017. National Real Estate will distribute 10-for-100 shares as a bonus for …
National Cleaning closed Wednesday’s session at 50 fils
9 May 05:06 PM National Cleaning to pay 5% bonus for FY17
Mubasher: National Cleaning’s ordinary general meeting (OGM) approved distributing 5% of the capital as bonus shares for fiscal year 2017. The company will distribute a total of 12.49 million treasury shares as a bonus for FY17, according to a …
Combined Group’s EGM approved to raise the capital to KWD 16.3 million
9 May 05:00 PM Combined Group nods to FY17 dividends, bonus
Mubasher: The ordinary and extraordinary general meeting (OMG) and (EGM) of Combined Group Contracting Company approved the board’s recommendation to distribute 20% and 10% of the capital as cash dividends and bonus shares, respectively. The …
The dividends will be distributed on 7 June
9 May 03:16 PM National International to pay 5 fils/shr dividends for FY17
Mubasher: The ordinary general meeting (OGM) of National International Holding approved the board’s recommendation to distribute 5% the capital as cash dividends for fiscal year 2017. National International, which is listed on both Boursa Kuwait …
Gulf Cable will distribute FY17 dividends on 4 June
7 May 02:38 PM Gulf Cable to pay 25% dividends for FY17
Mubasher: Gulf Cable and Electrical Industries said that its extraordinary general meeting (EGM) approved the board’s recommendation to distribute 25% of the capital as cash dividends for fiscal year 2017. The company will pay 25 fils per share as …
Gross operating revenue increased by 47.1% to KWD 64.81 million in FY17
3 May 04:23 PM KGL Q4 profits 10 times higher; FY17 income surges 404%
Mubasher: Kuwait and Gulf Link Transport (KGL) has achieved a leap of 1,045.9% in profits during the fourth quarter of 2017 compared to the same period in the previous year. Earnings jumped to KWD 7.78 million ($25.82 million) in Q4-17 from about …
Al Salam incurred a loss of about KWD 77,260 in FY17
3 May 01:52 PM Al Salam Group to withhold FY17 dividends
Cairo – Mubasher: The ordinary general meeting (OGM) of Al Salam Group Holding approved not to distribute dividends for the fiscal year ended on 31 December 2017. Al Salam, which is listed on Boursa Kuwait, the Dubai Financial Market (DFM), and …
Mouwasat Medical achieved an increase of 30.91% in FY17 profits
3 May 10:11 AM Saudi Mouwasat to pay 30% dividends for FY17
Riyadh – Mubasher: The ordinary general meeting (OGM) of Mouwasat Medical Services Co approved the board’s recommendation to distribute 30% of the capital as cash dividends for fiscal year 2017. The Tadawul-listed company will pay SAR 3 per share …
The accumulated losses will be offset from the issue premium of KWD 15.6 million
2 May 03:58 PM Specialities Group’s OGM nods to trimming losses
Mubasher: The ordinary general meeting (OGM) of Specialities Group Holding approved not to distribute cash dividends for fiscal year 2017. Specialities Group agreed to offset the accumulated losses until 31 December 2017 at a total value of KWD …
KCPC reported an increase of 95% in profits in FY17
2 May 03:40 PM KCPC to pay 10 fils/shr dividends for FY17
Mubasher: The ordinary general meeting (OGM) of Kuwait Company for Process Plant Construction and Contracting (KCPC) approved the board’s recommendation of distributing 10% of the capital as a cash dividend for fiscal year 2017. KCPC will pay 10 …
The new board members have prior experience in overseas oil and petrochemical businesses
29 April 12:00 PM Aramco appoints new board members; expands chemicals business
Riyadh – Mubasher: State-run Saudi Aramco has announced the appointment of new five board members, including a woman, Minister of Energy, Industry and Mineral Resources and Aramco’s chairman Khalid Al-Falih said on Sunday. The new members comprise …
National International reported a decline of 45.4% in profits in FY17
24 April 10:54 AM National International to consider 5% dividends early May
Mubasher: The ordinary general meeting (OGM) of National International Holding will discuss on 8 May the board’s recommendation to distribute 5% of the capital as a cash dividend for fiscal year 2017. National International, which is listed on …
Earnings declined to KWD 9.17 million ($30.58 million) in Q1-18
24 April 09:26 AM Ooredoo Kuwait’s Q1 profits decline 29%
Mubasher: National Mobile Telecommunications (Ooredoo) reported a decrease of 29.1% in profits during the first quarter of 2018 compared to the same period in the prior year. Earnings declined to KWD 9.17 million ($30.58 million) in Q1-18 from KWD …
Human Soft will pay the dividends on 21 May
23 April 02:40 PM Human Soft to pay 175 fils/shr dividends for FY17
Mubasher: The ordinary general meeting (OGM) of Human Soft Holding approved the board’s recommendation of distributing 175% of the capital instead of 160% as a cash dividend for fiscal year 2017. Human Soft will pay 175 fils per share as dividends …
Gulf Franchising incurred an increase of 359.3% in losses in FY17
23 April 11:19 AM Gulf Franchising incurs losses in Q1
Mubasher: Gulf Franchising Holding suffered a loss of nearly KWD 80,060 ($267,020) during the first quarter of 2018 against profits worth nearly KWD 513,860 ($1.71 million) in the same quarter of the previous year. The negative turn in Q1-18 …
The dividend payment date will be specified later
23 April 10:00 AM MEPCO nods to SAR 37.5m dividends for 2017
Riyadh – Mubasher: Saudi Arabia-based Middle East Paper Co’s (MEPCO) on Monday announced that its shareholders had approved its agenda which includes distributing a cash dividend of 75 halalas per share for the full fiscal year of 2017, during an …