Tawasul
Mubasher TV
Contact Us Advertising   العربية

Board of Directors

The company’s board has proposed 25% of the share’s nominal value in H2-20 dividends.
3 March 04:30 PM Southern Province Cement proposes SAR 2.5/shr dividend for H2-20
Riyadh – Mubasher: Southern Province Cement Company is considering a cash dividend distribution of SAR 350 million to shareholders for the second half (H2) of 2020. The company’s board has proposed SAR 2.5 per share or 25% of the share’s nominal …
The step comes to support the company’s financial position.
3 March 04:12 PM Saudi Al Alamiya plans no dividends for 2020
Riyadh – Mubasher: The board of directors of Al Alamiya for Cooperative Insurance Company recommended not to distribute cash dividends for fiscal year (FY) 2020. The step comes to support the company’s financial position, according to a stock …
Photo Archive
3 March 09:26 AM Alinma Bank plans SAR 0.3/shr dividends for 2020
Riyadh – Mubasher: Alinma Bank’s board recommended distributing cash dividends of 3% of the share’s nominal value to shareholders for 2020. This is equivalent to SAR 596.121 million or SAR 0.30 per share, according to a stock exchange filing on …
Photo Archive
2 March 10:05 AM Banque Saudi Fransi proposes 4% dividends for 2020
Riyadh – Mubasher: The board of Banque Saudi Fransi (BSF) recommended a cash dividend distribution of SAR 479.98 million to shareholders for 2020. The proposed amount is equivalent to SAR 0.4 per share or 4% of the share’s par value, according to …
The appointment will be effective starting as of 1 March 2021.
1 March 11:30 AM BCI names new CEO
Riyadh – Mubasher: The board of directors of Basic Chemical Industries Company (BCI) approved the appointment of Ala Abdullah Abdulkarim AlShaikh as the CEO of the company. The appointment will be effective starting as of 1 March 2021, according …
The proposed dividend amount represents 10% of the share’s nominal value.
1 March 11:25 AM Al Rajhi Bank plans 10% dividends for 2020
Riyadh – Mubasher: Al Rajhi Bank’s board of directors recommended distributing SAR 2.5 billion in cash dividends to shareholders for 2020. The proposed amount represents 10% of the share’s nominal value or SAR 1 per share, according to a stock …
The company’s revenue stood at SAR 871.9 million last year.
1 March 11:14 AM Arabian Cement reports 11.4% profit drop in 2020; dividends proposed
Riyadh – Mubasher: Arabian Cement Company’s net profits for the year 2020 dropped by 11.4% to SAR 184.9 million, compared with SAR 208.7 million in 2019. The slump in the company’s annual profits is attributed to higher sales costs and marketing …
Maadaniyah’s capital is planned to be cut by 7.4% to SAR 260.3 million.
1 March 10:59 AM Maadaniyah plans capital reduction, increase
Riyadh – Mubasher: The board of the National Metal Manufacturing and Casting Company (Maadaniyah) recommended reducing the company’s capital and then raising it through a rights issue. Maadaniyah’s capital is planned to be cut by 7.4% to SAR 260.3 …
The company will pay SAR 70 million in cash dividends to shareholders for H2-20.
28 February 04:47 PM City Cement sees 16% higher profit in 2020; dividends approved
Riyadh – Mubasher: City Cement Company’s net profits for the year 2020 jumped by 15.99% to SAR 220.5 million, compared with SAR 190.1 million a year earlier. The rise in the annual profits was helped by higher sales value and volume and lower …
Photo Archive
28 February 10:04 AM Riyad Bank plans 5% dividends for 2020
Riyadh – Mubasher: The board of directors of Riyad Bank recommended a cash dividend distribution of SAR 1.5 billion or SAR 0.5 per share to shareholders for 2020. This amount represents 5% of the share’s nominal value, according to a stock …
The proposed amount represents 7.5% of the share’s nominal value.
28 February 09:54 AM Najran Cement plans SAR 0.75/shr dividends for H2-20
Riyadh – Mubasher: Najran Cement Company’s board recommended paying SAR 127.5 million in cash dividends to shareholders for the second half (H2) of 2020. The proposed amount represents 7.5% of the share’s nominal value or SAR 0.75 per share, …
Revenue for the last year hiked by 51% on a yearly basis.
28 February 09:40 AM SISCO reports 174% leap in annual profit; dividends recommended
Riyadh - Mubasher: The net earnings of the Saudi Industrial Services Company (SISCO) came in at SAR 139.4 million during the year 2020, a yearly surge of 173.9%. The leap in SISCO’s yearly profits was backed by an improvement in revenues and other …
The proposed amount represents 25% of the share’s par value.
25 February 04:44 PM Mouwasat’s board recommends SAR 2.5/shr dividends for 2020
Riyadh – Mubasher: The board of directors of Mouwasat Medical Services Company (Mouwasat) proposed distributing SAR 250 million in cash dividends to shareholders for the year 2020. The proposed amount is equal to SAR 2.5 per share or 25% of the …
FALCOM Financial Services was appointed as a financial advisor to the offering transaction.
25 February 10:38 AM Saudi Cable plans SAR 360m capital increase
Riyadh – Mubasher: Saudi Cable Company’s (SCC) board recommended increasing the company’s capital by SAR 360 million by way of a rights issue.   The capital hike aims to restructure the company’s capital and pump new funds to help the company …
The board recommended SAR 1 per share in cash dividends to shareholders for 2020.
25 February 09:22 AM Zahrat Al Waha profits down 28.4% in 2020; dividends proposed
Riyadh – Mubasher: Zahrat Al Waha for Trading Company reported a 28.4% annual drop in net profits during 2020 at SAR 40.6 million. The lower profits were driven by a decline in sales due to a decrease in average selling prices by 17.52%, coupled …
Photo Archive
24 February 01:48 PM Egytrans plans EGP 0.75/shr dividends for 2020
Cairo – Mubasher: The board of directors of the Egyptian Transport and Commercial Services Co (Egytrans) recommended EGP 0.75 per share in cash dividends to shareholders for the year 2020. The announcement was made by the company via a statement …
This decision will enable Bee and Masary to grow their business volumes
24 February 12:48 PM Ebtikar's board approves Vodafone Egypt's 20% acquisition in Bee, Masary
Cairo – Mubasher: The board of Ebtikar Holding for Financial Investments, the owner of Bee and Masary, has approved to ink a Memorandum of Understanding (MoU) to allow Vodafone Egypt to buy a 20% stake in each of the two e-payment platforms to …
The company's consolidated revenues jumped by 24% YoY
24 February 11:42 AM Telecom Egypt achieves 10% higher consolidated profits in 2020; dividends proposed
­Cairo – Mubasher: The consolidated net profits of Telecom Egypt increased by 10% to EGP 4.9 billion in 2020, when compared to 2019. The company's consolidated revenues jumped by 24% to EGP 31.9 billion in 2020 from EGP 25.81 billion in the …
The company’s revenue stood at EGP 46.4 billion last year.
24 February 11:21 AM Elsewedy Electric annual profit down 24.8%; dividends proposed
Cairo – Mubasher: Elsewedy Electric Co’s net profits for 2020 fell by 24.8% on a yearly basis to reach EGP 3.02 billion, compared with EGP 4.02 billion in 2019. The company’s revenue stood at EGP 46.4 billion last year, compared to EGP 46.6 …
The dividend distribution aggregates at a total amount of AED 89.79m
24 February 09:56 AM Emirates Driving's board proposes 100% dividends for 2020
Abu Dhabi - Mubasher: The board of Emirates Driving Co (Drive) has recommended distributing cash dividends, equivalent to 100% of the paid capital, for 2020. The cash dividend distribution aggregates at a total amount of AED 89.79 million, …
This proposal brings the full dividends of 2020 to 80 fils per share
23 February 09:36 AM Etisalat's board recommends AED 3.477bn dividend distribution for H2-20
Abu Dhabi – Mubasher: The board of Emirates Telecommunication Group (Etisalat) has proposed to pay out final dividends of AED 3.477 billion for the second half (H2) of 2020. This proposal brings the full dividends of 2020 to 80 fils per share or …
The decision will be effective on 31 December 2021.
22 February 11:15 AM CEO of SAICO to retire this year
Riyadh – Mubasher: The Saudi Arabian Cooperative Insurance Company (SAICO) announced on Monday the retirement of its CEO, Hassan Abdullah Al-Somali. The decision will be effective on 31 December 2021, according to a stock exchange statement. The …
The board delegated Migid Ibrahim Ramthan AIotaibi to carry out the CEO duties.
22 February 10:34 AM Wafrah CEO relieved of his post
Riyadh – Mubasher: The CEO of Wafrah for Industry and Development Company, Zenan Salim Ali Alyami, was relieved of his post and Migid Ibrahim Ramthan AIotaibi was delegated to carry out the CEO duties.  The two decisions were taken by the …
The company is currently working to receive the construction licence from Riyadh Municipality.
22 February 10:16 AM Sulaiman Al Habib’s unit inks SAR 71m deal for structural works of new hospital
Riyadh – Mubasher: The board of Dr. Sulaiman Al Habib Medical Group (HMG) approved awarding and signing the contract of structural works for Maternity and Pediatric Hospital by its subsidiary, Gharb Al-Takhassusi Hospital for Healthcare, with …
This proposal was made after the board had approved the financials
21 February 12:15 PM Deyaar's board proposes no capital reduction
Dubai – Mubasher: The board of Deyaar Development has recommended to the shareholders not to proceed with the capital reduction during the upcoming ordinary general meeting (OGM). This proposal was made after the board had reviewed and approved …