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Board of Directors

The capital decrease will have no operational impact
18 September 06:50 PM Shams’ board proposes capital decrease
Riyadh – Mubasher: The board of Tourism Enterprise Company (Shams) has recommended a capital decrease, according to a bourse statement released on Wednesday. If approved, the recommendation will see the company’s capital decline to SAR 80.69 …
Global accepted its board’s recommendation to merge with KAMCO
18 September 04:24 PM Global approves merger with KAMCO
Mubasher: The extraordinary general meeting (EGM) of Global Investment House has discussed the matters pertaining to the draft merger with KAMCO Investment Company during its meeting on 18 September 2019. Global’s shareholders have approved the …
The company’s capital reaches EGP 70 million
18 September 02:09 PM Upper Egypt Mills’ board proposes EGP 11/shr dividends for FY18/19
Cairo – Mubasher: The board of directors of Upper Egypt Flour Mills recommended a cash dividend distribution of EGP 11 per share for fiscal year 2018/2019. The total value of proposed dividends amounted to EGP 77 million, the company said in a …
The shareholders have approved the formation of the Audit Committee
18 September 10:52 AM Advanced Petrochemical sees capital hike through bonus shares
Riyadh – Mubasher: The shareholders of Advanced Petrochemical Company approved the board’s recommendation to increase the share capital to SAR 2.164 billion from SAR 1.967 billion through bonus shares by one share for every ten held shares. …
The capital increase represents Global’s net assets not owned by KAMCO
17 September 02:45 PM KAMCO nods to draft merger with Global, capital hike of KWD 10.5m
Mubasher: KAMCO Investment Company announced that its shareholders have assented all matters pertaining to the draft merger contract with Global Investment House, according to a press release on Tuesday. The decision was approved during KAMCO’s …
Batic accepted the resignation of Fahad Al Qatami in July
17 September 01:30 PM Batic names Majed Al Eissa as new CEO
Riyadh – Mubasher: The board of directors of Batic Investments and Logistics Co has appointed Majed bin Abdullah Al Eissa as the new CEO effective from 22 September 2019. The new appointment came after the period during which Turki Al Thunayan was …
Such reduction will have no impact on the company’s liabilities
16 September 05:57 PM SPMC’s board proposes SAR 96 capital cut
Riyadh – Mubasher: The board of directors of the Saudi Paper Manufacturing Company (SPMC) recommended cutting the company’s capital by 39.2%. The company’s capital is proposed to be slashed to SAR 149 million from SAR 245 million, according to a …
The CEO’s last working day will be in December
16 September 04:53 PM Julphar’s CEO resigns; last working day in 2M
Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries (Julphar) announced that its Jerome Carle who performs as its CEO has tendered his resignation. The board of Julphar has accepted the resignation of Carle, according to a bourse disclosure to …
DSI named new CFO in mid-July
16 September 11:28 AM DSI appoints new Investor Relations Officer
Dubai – Mubasher: Drake and scull International (DSI) announced that it has appointed Nader Mugbil as the firm’s new Investor Relations Officer (IRO) to replace the former IRO, according to a disclosure to the Dubai Financial Market (DFM) on …
Maharah's dividends are valued at SAR 100 million
16 September 10:27 AM Maharah to distribute SAR 2.67/shr for three quarters
Riyadh – Mubasher: The board of directors of Maharah Human Resources Company approved to distribute cash dividends worth SAR 2.67 per share to shareholders for the fourth quarter of 2018, as well as the first and second quarters of 2019. The …
Jabal Omar Development Company's new CEO - Archive photo from Euromoney
15 September 01:08 PM Jabal Omar appoints new CEO
Riyadh – Mubasher: The board of directors of Jabal Omar Development Company approved to appoint Khalid Mohammed Al Amoudi as the company’s new CEO based on the nomination and remuneration committee’s recommendations. The newly appointed CEO will …
The final decisions will be subject to the approval concerned parties
12 September 05:17 PM KFH approves exchange ratio of merger with AUB Bahrain
Mubasher: The board of directors of Kuwait Finance House (KFH) approved the advisors’ reports and due-diligence review results, in addition to the final exchange ratio between the shares of KFH stock and Ahli United Bank – Bahrain (AUB Bahrain) by …
The company’s standalone profit fell to EGP 33.73 million
12 September 04:37 PM Arab Cotton Ginning's board proposes EGP 0.10/shr dividends for FY18/19
Cairo – Mubasher: Arab Cotton Ginning’s board of directors recommended a cash dividend distribution of EGP 0.10 per share for fiscal year 2018/2019. The proposed dividends are still pending approval of the extraordinary general meeting (EGM) …
Gulf Insurance’s profits surged to KWD 4.37 million in Q2-19
12 September 04:26 PM KIPCO raises stake in Gulf Insurance at 675 fils/shr
Mubasher: Kuwait Projects Holding (KIPCO) has increased its stake in Gulf Insurance Group on Wednesday, 11 September, Boursa Kuwait disclosed on Thursday. One of KIPCO’s board members has purchased around 208,852 shares in Gulf Insurance at a …
Herfy Food’s profits shrank to SAR 40.86 million in Q2-19
12 September 10:04 AM Herfy Food to distribute SAR 1/shr dividend for H1-19
Riyadh – Mubasher: The board of directors of Herfy Food Services Company approved to distribute SAR 1 cash dividends per share to shareholders for the first half of 2019. The distributions will be paid starting Thursday, 24 October 2019, Herfy …
The board agreed to amend Article 17.1 of the company’s Articles of Association
12 September 08:51 AM Shuaa Capital approves name change
Dubai – Mubasher: Shuaa Capital, listed on the Dubai Financial Market (DFM), announced that its board of directors has approved to change the company’s name to Abu Dhabi Financial Group (ADFG). This decision is subject to regulatory approvals, the …
The company’s capital reaches EGP 2.25 billion
11 September 01:58 PM Eastern Co’s board proposes EGP 2.25bn dividends for FY18/19
Cairo – Mubasher: Eastern Co.’s board of directors recommended a cash dividend distribution of EGP 1 per share for fiscal year 2018/2019. The board proposed distributing dividends of EGP 2.25 billion to shareholders for the last fiscal year, the …
The board members will meet on Sunday, 29 September
9 September 10:00 AM ADNOC Distribution’s board to approve interim dividend payment
Abu Dhabi - Mubasher: ADNOC Distribution, listed on the Abu Dhabi Securities Exchange (ADX), on Monday announced that its board of directors considers an interim dividend distribution for 2019. The board members will meet on Sunday, 29 …
The proposed dividends will have an impact on its financial position
8 September 09:50 AM Kuwait Foundry proposes KWD 2.9m semi-annual dividends
Mubasher: Kuwait Foundry’s board of directors has recommended the distribution of semi-annual dividends valued at 40 fils per share or AED 2.893 million to shareholders The dividends will be deducted from the retained earnings to shareholders …
Al Shams Housing will invest EGP 3.41 billion in SOLANA New Capital project
5 September 12:11 PM Al Shams Housing’s board approves raising capital to EGP 181.5m
Cairo – Mubasher: Al Shams Housing and Urbanization’s board of directors approved increasing the company’s issued capital to EGP 181.5 million from EGP 121 million. In addition, the board also approved signing a contract with Perfect Consultancy …
Jaafari replaces Abdulaziz bin Abdulkarim Alkhariji
4 September 04:13 PM CHUBB Arabia names new acting CEO
Riyadh – Mubasher: The board of directors of CHUBB Arabia Cooperative Insurance Company has appointed Kamran Mazhar Jaafari as the company’s new acting CEO. Jaafari replaces Abdulaziz bin Abdulkarim Alkhariji, who resigned for personal reasons on …
Egytrans’ net profits declined to EGP 23.69 million in H1
4 September 03:05 PM Egytrans’ board nods to sell 2.2m treasury stocks
Cairo – Mubasher: Egyptian Transport and Commercial Services Co’s (Egytrans) board of directors decided to sell the company’s treasury stocks. Upon completion of the required procedures, the company will sell 2.21 million treasury stocks, …
The board recommended a cash dividend distribution of EGP 1 a share
4 September 02:39 PM Misr Chemical Industries logs EGP 77m profit in FY18/19; dividends proposed
Cairo – Mubasher: Misr Chemical Industries reported a profit of EGP 77 million during fiscal year 2018/2019, down from EGP 139.3 million in FY17/18, according to the company’s audited financial statements. The company’s profits is lower than the …
Nabeel Al Amudi is a member of Saudi Aramco’s board
3 September 04:16 PM Saudi transport minister joins Aramco’s board
Riyadh – Mubasher: The Saudi Cabinet has appointed Nabeel Al Amudi, Saudi Arabia’s transport minister, as a member of Saudi Aramco’s board of directors, Saudi Press Agency (SPA) reported. On Monday, the governor of Saudi Arabia’s Public Investment …
Salah bin Yassin bin Khalil Allaf was also hired as a deputy chairman
3 September 11:08 AM Najran Cement hires new chairman
Riyadh – Mubasher: The board of directors of Najran Cement Company has appointed Mohammed bin Manaa bin Sultan Aballala as the chairman. Salah bin Yassin bin Khalil Allaf was also hired as the company’s deputy chairman, according to a bourse …