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Board of Directors

The board also approved the resignation of Michel Mathieu
31 March 04:31 PM Credit Agricole Egypt’s board decides to reduce proposed dividends
Cairo – Mubasher: The board of directors of Credit Agricole Egypt decided to amend the dividend distribution proposal to EGP 3.42 per share from EGP 4.55 per share. The proposal will be referred to the bank’s shareholders for approval, according …
The lower profit is due to a decrease in the fair value (FV) of investment properties
31 March 03:02 PM National International’s earnings slide 24% in 2019; bonus share proposed
Mubasher: The consolidated financial statements of the National International Holding Company showed a 24.13% drop in net profits during the fiscal year (FY) 2019 at KWD 1.7 million from KWD 2.3 million in 2018. In the fourth quarter (Q4) of 2019, …
The appointment will be effective as of 1 April
31 March 12:57 PM SODIC names new non-executive chairman
Cairo – Mubasher: The board of directors of Six of October Development and Investment (SODIC) announced the appointment of Osama Abdel Moneim Mahmoud Saleh as the non-executive chairman. The appointment will be effective as of 1 April 2020, the …
Earnings registered KWD 3.1 million in Q4-19
30 March 10:16 AM HEISCO records 16% higher profit in FY19; dividends proposed
Mubasher: The net profit of Heavy Engineering Industries and Shipbuilding Company (HEISCO) increased by 16.4% during the fiscal year (FY) ended in December 2019 to reach KWD 11.2 million from KWD 9.6 million in 2018. The growth in last year’s …
Sidpic reported net profits of EGP 487 million in 2019
29 March 03:39 PM Sidpec names new chairman
Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) named Mohamed Mohamed Ibrahim as the new chairman and managing director, according to a bourse disclosure on Sunday. It is worth mentioning that during 2019, Sidpic reported net profits of EGP …
Egypt Kuwait Holding's profit increased by 21.5% annually in 2019
29 March 11:40 AM Egypt Kuwait Holding approves $0.06/shr dividends for 2019
Mubasher: The ordinary general meeting (OGM) of Egypt Kuwait Holding (EKH), listed on the Egyptian Exchange (EGX) and Boursa Kuwait, approved the proposed cash dividend distribution of six cents per share or 24% of the share’s nominal value for …
The company's profits reached $131.1 million in 2019
26 March 01:37 PM Orascom Construction sees 15.2% lower consolidated profits; dividends proposed
Mubasher: The consolidated financial results for 2019 of Orascom Construction PLC, listed on Nasdaq Dubai and the Egyptian Exchange (EGX), reported a 15.2% year-on-year (YoY) drop in net profits. The company's net profits reached $131.1 million in …
The company's board approved to buy back no more than 10% of shares
26 March 09:55 AM Salama board proposes 3 fils/shr dividends for first time
Dubai – Mubasher: The board of Islamic Arab Insurance Company (Salama) has recommended distributing 3 fils per share cash dividends for 2019 for the first time since the company's IPO. During a meeting held on Wednesday, 25 March, the board has …
The distributions will be paid after five business days following the maturity date
25 March 02:18 PM Kuwait Insurance nods to 30 fils/shr dividend for FY19
Mubasher: The ordinary and extraordinary general assembly meetings of Kuwait Insurance Company approved the proposed cash dividend distribution of 30 fils per share or 30% of the share’s nominal value for the fiscal year (FY) 2019, after excluding …
Sales rose by 4.8% annually by 2019 year-end
25 March 11:14 AM SACO’s profit shrinks 37% in FY19
Riyadh – Mubasher: The Saudi Company for Hardware (SACO) registered a net profit after tax and zakat worth SAR 61.63 million during 2019, down by 37% from SAR 97.88 million in 2018. Sales rose by 4.8% last year to stand at SAR 1.46 billion from …
The company suffered losses worth KWD 1.61 million in Q4-19
25 March 09:34 AM Kuwait Remal Real Estate losses up 69% in 2019
Mubasher: Kuwait Remal Real Estate incurred higher losses by 68.5% on an annual basis during the fiscal year (FY) 2019. Losses for the period amounted to KWD 2.23 million ($7.19 million) by 2019 year-end, compared to KWD 1.32 million ($8.02 …
Earnings fell by 26% in Q4-19
24 March 03:19 PM Osoul Investment records 161% higher profit in FY19; dividends proposed
Mubasher: The net profit of Osoul Investment jumped by 161% year-on-year (YoY) in fiscal year (FY) 2019, recording KWD 1.83 million when compared to KWD 702,666 in 2018, the company's annual financial statements showed. The increase in annual …
Earnings retreated by 72.1% annually in Q4-19
24 March 09:37 AM Integrated Holding's earnings down 54% in 2019; dividends proposed
Mubasher: The net profit of Integrated Holding Company recorded KWD 7.8 million ($25.39 million) in the fiscal year (FY) ended on 31 December 2019, down by 54.2% from KWD 17.2 million ($55.4 million) in 2018. The drop in profit is largely …
The board previously proposed distributing KWD 24.33 million as cash dividends for 2019
23 March 03:50 PM Human Soft cancels 2019 dividends amid COVID-19 concerns
Mubasher: Human Soft Holding’s ordinary general assembly meeting (OGM) has cancelled the previously recommended cash dividend and bonus shares distribution for fiscal year (FY) 2019. The new decision will support the company's position in facing …
The board discussed increasing the issued and paid-up capital to KWD 20.48 million
23 March 03:20 PM GIG approves FY19 dividends; mulls capital rise
Mubasher: The ordinary general meeting (OGM) of Gulf Insurance Group (GIG) approved the board’s recommendation to distribute cash dividends at 38 fils per share, 38% of the share’s nominal value, for the fiscal year (FY) 2019. The approval came …
The dividends will be paid to the shareholders on 15 April
23 March 01:02 PM Kuwait’s stc approves dividends for FY19
Mubasher: The ordinary general meeting (OGM) of Kuwait Telecommunications Company (stc) approved the proposed dividend distribution of 50% of the share’s nominal value or 50 fils per share for the fiscal year (FY) ended on 31 December 2019. The …
The decision aims to support the company’s financial position
23 March 11:53 AM Buruj Cooperative board recommends no dividends for 2019
Riyadh – Mubasher: The board of Buruj Cooperative Insurance Company has recommended not to distribute any dividends for the fiscal year (FY) ended 31 December 2019. The decision aims to support the company’s financial position, according to a …
du's board recommended to pay out  AED 0.21 per share dividends
23 March 10:25 AM du's board proposes AED 0.21/shr dividends for H2-19
Dubai – Mubasher: The board of Emirates Integrated Telecommunications Company (du) has recommended to pay out  AED 0.21 per share as cash dividends for the second half (H2) of 2019, amounting to AED 951.91 million. This proposal will bring the …
The new decision will support the company’s operation once the travel halt is lifted
23 March 09:37 AM Jazeera Airways cancels 2019 dividends amid COVID-19 uncertainties
Mubasher: The board of Jazeera Airways has cancelled the proposed cash dividends distribution and recommended not to distribute any dividends for the fiscal year (FY) ended on 31 December 2019 in an attempt to curb the fallout from the coronavirus …
Amin Nasser, President and CEO of Aramco - (Photo Archive)
22 March 01:08 PM Aramco closely monitoring coronavirus situation – CEO
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) is closely monitoring the situation of the coronavirus (COVID 19) outbreak on a daily basis, Saudi Press Agency (SPA) reported. Aramco has developed emergency and prevention plans …
The company wants to maintain liquidity to face impacts of precautionary measures
22 March 11:33 AM Saudi Airlines Catering delays dividends on COVID-19 worries
Riyadh – Mubasher: Saudi Airlines Catering Company (SACC) will postpone distributing the cash dividends for the fourth quarter (Q4) of 2019 to shareholders until further notice. The decision is due to the difficulty in determining how long the …
The board recommended cash dividends of KWD 1.21 million for 2019
19 March 04:42 PM Warba Insurance’s earnings soar 50% in 2019
Mubasher: Warba Insurance’s profits climbed by 49.8% on an annual basis in the fiscal year (FY) ended on 31 December 2019. The profits for the 12-month period amounted to KWD 1.17 million ($5.53 million) by 2019 year-end, compared to KWD 781,520 …
Zain's chairman and vice chairman will be appointed later on
19 March 01:52 PM Zain approves 33 fils/shr dividends for 2019; elects board members
Mubasher: Mobile Telecommunications' (Zain) ordinary general meeting (OGM) on Thursday approved the board of directors’ proposal to distribute a cash dividend of 33 fils per share or 33% of the capital for 2019. The distributions will be to …
ADCB board has elected Khaldoon Khalifa Al Mubarak as its chairman
19 March 11:27 AM ADCB elects new chairman, vice chairman
Abu Dhabi – Mubasher: The board Abu Dhabi Commercial Bank (ADCB) has elected Khaldoon Khalifa Al Mubarak as chairman of the board and Hussain Jassim Al Nowais as vice chairman. Al Mubarak has replaced Eissa Mohamed Al Suwaidi, according to the …
Around 20.8 million shares will be cancelled
19 March 11:19 AM Tabuk Agricultural Development approves 46% capital cut
Riyadh – Mubasher: The ordinary general meeting (OGM) of Tabuk Agricultural Development Company has approved the board’s proposed capital cut by 46.27% to amortise accumulated losses of SAR 208.23 million. The Saudi firm’s capital will be reduced …