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Board of Directors

The dividend distribution date is 9 November 2020.
29 September 04:10 PM Advanced Petrochemical to pay SAR 140m dividends for Q3
Riyadh – Mubasher: Advanced Petrochemical Company’s Board of Directors on Tuesday agreed to distribute cash dividends of SAR 140.7 million to shareholders for the third quarter (Q3) of 2020. The approved amount is equal to SAR 0.65 per share or …
The company has not mentioned the reasons for the resignation
27 September 10:33 AM Kuwait Holding, Masader Al Ofoq resign from IFA's board
Mubasher: International Financial Advisors (IFA) has announced the resignation of Kuwait Holding Company and Masader Al Ofoq General Trading and Contracting Company from the company's board membership. The company has not mentioned the reasons for …
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27 September 09:18 AM Al Samaani board approves moving to Tadawul
Riyadh – Mubasher: The board of Al Samaani Factory for Metal Industries Company approved the transfer of the company’s shares from the parallel market to the main market. The move is subject to the market’s approval and completion of all necessary …
Two new non-executive directors were appointed
22 September 11:40 AM CI Capital Holding expands board of directors
Cairo – Mubasher: The ordinary general meeting (OGM) of CI Capital Holding For Financial Investments approved the appointment of two non-executive directors, increasing the number of board members to 11. The OGM appointed Ahmed Mohamed Sobhy as a …
The dividends represent 10% of the share’s par value
22 September 09:08 AM Bahri board proposes SAR 393.8m dividends for H1
Riyadh – Mubasher: The board of the National Shipping Company of Saudi Arabia (Bahri) recommended distributing SAR 393.750 million as cash dividends to shareholders for the first half (H1) of 2020. The proposed amount is equivalent to SAR 1 per …
The new appointment shall be effective as of 11 October 2020
21 September 09:08 AM GO names new CEO
Riyadh – Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) approved to name Yahya Bin Saleh Bin Mohsen Al Mansour as the company’s new CEO succeeding Fahad Bin Abdul Rahman Al Bawardi. The new appointment shall be effective as of …
SIIG owns 50% of Petrochem
20 September 09:10 AM Petrochem, SIIG in early talks for potential merger
Riyadh – Mubasher: The board of the National Petrochemical Company (Petrochem) approved to begin initial talks with the Saudi Industrial Investment Group (SIIG) to study the economic feasibility of merging the two companies. No agreement has been …
The dividend amount represents 10% of the share’s par value
16 September 09:05 AM Aslak board approves SAR 35.1m dividends
Riyadh – Mubasher: The board of United Wire Factories Company (Aslak) approved distributing cash dividends of SAR 35.1 million to shareholders for the period until the end of 2019 and the first half (H1) of 2020. The approved amount represents SAR …
The Capital Market Authority (CMA)
15 September 05:04 PM CMA approves instructions on issuing depository receipts out of KSA
Riyadh – Mubasher: The board of the Capital Market Authority (CMA) has approved the instructions on issuing depositary receipts out of the kingdom to be effective as of their publication date. This comes as part of the CMA’s strategic goals …
The sale proceeds will be used to further strengthen the group's financial position
15 September 09:39 AM Fitaihi Holding sells 4.83% stake in Al-Jouf for SAR 30m
Riyadh – Mubasher: Fitaihi Holding Group has sold 4.83% of Al-Jouf Agricultural Development Co, a 14.01%-owned associate, until the end of 14 September 2020, generating capital profits of SAR 29.95 million. This comes within the group’s strategy …
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15 September 09:19 AM Development Works Food board approves moving to Tadawul
Riyadh – Mubasher: The Board of Directors of Development Works Food (DWF) Company approved by circulation on 14 September the transfer of the company’s shares from the parallel market to the main market. The move is subject to the market’s …
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14 September 11:33 AM Speed Medical board approves Masr Labs acquisition
Cairo – Mubasher: The board of Speed Medical Company has approved acquiring the shares of Masr Labs for EGP 10 million. According to the company’s statement to the Egyptian Exchange (EGX) on Monday, EGP 1 million of the deal’s value will be paid …
Technology Holding Company is the current 74% shareholder in Khazna
9 September 09:55 AM du's board approves to sell stake in Khazna Data Centre
Dubai – Mubasher: The board of Emirates Integrated Telecommunications Company (du) has agreed on selling its 26% indirect stake, including its interest in shareholder loans, in Khazna Data Centre Limited to Technology Holding Company. Technology …
Eshraq Investments is dually-listed on ADX and Tadawul
8 September 01:49 PM Methaq Takaful declines taking measures to acquire Eshraq Investments
Abu Dhabi – Mubasher: Methaq Takaful Insurance Company reiterated that its board has not issued any approval on the acquisition of Eshraq Investments and declined taking any procedures in this regard.  It also emphasised that it will take all …
FALCOM Financial Services was appointed as a financial advisor to the offering
8 September 10:10 AM Raydan Food’s board proposes capital hike via rights issue
Riyadh – Mubasher: Raydan Food Company’s board recommended increasing the company’s capital through a rights issue to provide the required working capital to raise the operating capacity and support the company’s future activity. The total amount …
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8 September 09:25 AM ACIG chairman resigns
Riyadh - Mubasher: The board of Allied Cooperative Insurance Group (ACIG) approved the resignation of the company’s chairman, Thamer bin Abdullah bin Rais. The resignation was submitted on 7 September for personal reasons, according to a bourse …
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7 September 09:33 AM Saudi Amiantit’s accumulated losses down to 43.42% of capital
Riyadh - Mubasher: Saudi Arabian Amiantit Company said its accumulated losses fell to SAR 149.588 million, representing 43.42% of the company’s capital. The results come as per the legal accountant’s report issued on 6 September, according to …
The company logged EGP 27.36 million in net profits in three months
3 September 04:35 PM Egyptian Resorts Co’s chairman resigns
Cairo – Mubasher: Egyptian Resorts Co announced the resignation of its chairman and managing director from his position. The resigned chairman will continue to fulfill his duties until the appointment of a new chairman and managing director, the …
NMDC has made an initial approval to the offer of NPCC
3 September 12:07 PM National Marine's board approves merger with NPCC
Abu Dhabi – Mubasher: The board of National Marine Dredging Company (NMDC) has made an initial approval to the offer of the National Petroleum Construction Company's (NPCC) shareholders for acquisition. This approval was made after the board …
The cash dividend distribution stands at AED 0.03 per share
3 September 11:29 AM Salama's board recommends 3% dividends for H1-20
Dubai – Mubasher: The board of Islamic Arab Insurance Company (Salama) has recommended to pay out cash dividends, equivalent to 3% of the capital, for the first half (H1) of 2020. The cash dividend distribution stands at AED 0.03 per share, …
The board also appointed Abdulla Subhi Atatreh as a vice chairman
3 September 11:17 AM Gulf Navigation appoints new chairman
Dubai – Mubasher: The board of Gulf Navigation Holding (GNH) has approved to appoint Sheikh Theyab bin Tahnoon bin Mohammad Al Nahyan as a new chairman of the company. The board also appointed Abdulla Subhi Atatreh as vice chairman, Rudrik …
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3 September 09:31 AM Tadawul allows Thimar to trade shares OTC
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has allowed National Agricultural Marketing Company (Thimar) to trade its shares over-the-counter (OTC) starting as of Sunday, 6 September 2020. The decision was approved by the company’s board …
The dividend amount represents 22.5% of the share’s par value
2 September 09:07 AM Maharah approves SAR 84m dividends for H1
Riyadh – Mubasher: The Board of Directors of Maharah Human Resources Company approved distributing cash dividends worth SAR 84.38 million to shareholders for the first half (H1) of 2020. The amount is equivalent to SAR 2.25 per share or 22.5% of …
the company's CEO Abdellatif Sfaxi has resigned
31 August 03:01 PM Arkan appoints new acting CEO
Abu Dhabi – Mubasher: The board of Arkan Building Materials Company has appointed Abdelaziz Asad as a new acting chief executive officer of the company, according to a press release on Monday. Before occupying his new position, Asad, with around …
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31 August 12:41 PM National Gas expects no impact on its Saudi operations after JV cancellation
Mubasher: Oman-based National Gas said it expects no negative effects on the company’s current core operations in Saudi Arabia after its proposed joint venture (JV) with the Tadawul-listed National Gas and Industrialization Company (GASCO) was …