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Board of Directors

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20 September 04:30 PM Obeikan Glass to pay SAR 1/shr dividend – SAIC
Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) said the board of its associate Obeikan Glass Company approved distributing SAR 1 per share as a cash dividend for the year 2021, according to a bourse filing on Monday. SAIC did not …
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20 September 12:28 PM Sheeni’s board recommends capital raise, stock split
Cairo – Mubasher: The board of the General Company for Ceramic and Porcelain Products (Sheeni) proposed increasing the authorised capital to EGP 350 million from EGP 150 million. The board also recommended raising the issued and paid-up capital to …
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20 September 11:58 AM Alexandria Container’s board proposes dividends for FY20/21
Cairo – Mubasher: The board of Alexandria Container and Cargo Handling Company recommended cash dividend distribution for fiscal year (FY) 2020/2021. The company aims to pay a cash dividend of EGP 0.77 per share to the eligible shareholders, …
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19 September 04:38 PM Shaker Group’s board proposes capital cut, raise
Riyadh – Mubasher: The board of Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) has recommended a 25% capital reduction by cancelling one share for every four owned shares, according to a bourse disclosure on Sunday. Shaker Group will cut …
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19 September 12:02 PM Development Works Food approves capital raise; fluctuation limit announced
Riyadh – Mubasher: The shareholders of Development Works Food gave the green light for the board’s recommendation to increase the capital through bonus shares of one share for every five owned shares, according to a bourse disclosure on Sunday. …
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19 September 10:40 AM Abo Moati to distribute SAR 0.5/shr dividend for FY
Riyadh – Mubasher: The shareholders of Abdullah Saad Mohammed Abo Moati for Bookstores Company approved the board’s recommendation to pay a cash dividend of SAR 0.5 per share, representing 5% of the share’s par value, for the fiscal year (FY) …
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19 September 09:55 AM Sadr Logistics names Chairman, Vice Chairman
Riyadh – Mubasher: Sadr Logistics Company has appointed Muhammad Abdullah Al Samaani as the Chairman of the board for a three-year term starting 16 September. The company also appointed Bandar Muhammad Al Samaani to be the Vice Chairman and …
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16 September 04:38 PM Wataniya Insurance’s board proposes capital increase
Riyadh – Mubasher: The board of Wataniya Insurance Company recommended to increase the capital through a rights issue to support its future business and solvency margin position. The insurance firm aims to raise SAR 200 million through the rights …
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16 September 04:26 PM Al Hammadi to build new hospital at SAR 450m
Riyadh – Mubasher: The board of Al Hammadi Company for Development and Investment approved to establish a new hospital to replace the current Al Hammadi Hospital Olaya at a total cost of SAR 450 million. The project works will commence in the …
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13 September 05:23 PM Al Akaria’s board approves capital hike
Riyadh – Mubasher: The board of Saudi Real Estate Company (Al Akaria) gave the green light for increasing the capital through a rights issue, according to a disclosure to Tadawul on Monday. The real estate developer aims to secure SAR 1.6 billion …
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13 September 03:10 PM Fawry’s board nods for setting up consumer finance firm
Cairo – Mubasher: The board of Fawry for Banking Technology and Electronic Payments gave the green light for establishing a new company, Fawry for Consumer Finance, at a capital of EGP 10 million. Fawry will be contributing EGP 7.49 million to the …
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13 September 09:40 AM EIC appoints Chairman, Vice Chairman
Riyadh – Mubasher: Electrical Industries Company (EIC) has appointed Yousef Ali Al Quraishi as the Chairman of the board for the coming three years. EIC also appointed Mahmoud Mohamad Al Toukhi as the Vice Chairman of the board for the same term, …
Both officials will assume their positions until 3 September 2024
12 September 04:29 PM Thob Al Aseel appoints Chairman, Vice Chairman
Riyadh – Mubasher: Thob Al Aseel Company has appointed Faisal Abdullah Aljedaie as the Chairman of the board for a three-year term starting on 4 September 2021. The company also named Ajlan Abdulrahman Alajlan as the Vice Chairman of the board for …
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12 September 04:11 PM Development Works Food’s board approves trading on Main Market
Riyadh – Mubasher: Development Works Food Company announced that its board gave the green light for moving on the Main Market of the Saudi Exchange (Tadawul). The board’s decision was taken on 12 September, according to a bourse filing on Sunday. …
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12 September 01:17 PM Saudi ministers no longer allowed to join firms’ board
Riyadh – Mubasher: Saudi Arabia’s Council of Ministers decided to amend article no. 1 of decree (27) which covers allowing ministers to chair or be members of companies’ board of directors. The new decree prohibits Saudi ministers to join any …
Saad El-Khabiry is a representative of Fineby Estate Limited
31 August 11:37 AM Amer Group names new CEO
Cairo – Mubasher: The board of directors of Amer Group Holding Co approved the appointment of Saad Rabie Abdel Mohsen El-Khabiry as the company's CEO and Managing Director, succeeding Riad Mohamed Refaat. This decision follows a request …
The cash dividend distribution stands at SAR 2 per share
29 August 11:52 AM Abdullah Al Othaim announces 20% dividends for H1-21
Riyadh – Mubasher: Abdullah Al Othaim Markets Company has announced an interim cash dividend distribution, equivalent to 20% of the capital, for the first half (H1) of 2021. The cash dividend distribution stands at SAR 2 per share, aggregating at …
Al Naqool aims to raise the capital to SAR 43.5 million
25 August 03:54 PM Al Naqool’s board proposes 50% capital raise
Riyadh – Mubasher: The board of Mohammed Hasan Al Naqool Sons Company recommended on 25 August to increase the capital by 50% or SAR 14.5 million through bonus shares from the retained earnings account and the statutory reserve. Al Naqool aims to …
This step includes the appointment of a financial advisor and legal advisor
25 August 10:11 AM Gulf General Investment to proceed with capital restructuring procedures
Dubai – Mubasher: The board of Gulf General Investment Company (GGICO) has approved to proceed with the restructuring procedures for the company's capital. This step includes the appointment of a financial advisor and legal advisor, according to …
The capital will amount to SAR 367.96 million after the increase
24 August 04:48 PM Shams’ board proposes capital cut, raise
Riyadh – Mubasher: The board of Touristic Enterprises Company (Shams) recommended on 24 August to reduce the capital by cancelling 4.89 million shares to offset accumulated losses worth SAR 48.93 million. The capital will stand at SAR 52.56 …
The board approved the resignation of Ashraf El-Ghamrawy
24 August 02:13 PM Al Baraka Bank-Egypt in talks to appoint Hazem Hegazy as CEO
Cairo – Mubasher: The board of directors of Al Baraka Bank-Egypt has authorised the bank's Chairman, Abdulaziz Yamani, to negotiate and contract with Hazem Hussein Hegazy to hold the position of the Deputy Chairman and CEO of the bank, under the …
Financial Regulatory Authority
23 August 01:08 PM Egypt names first chairwoman of Hit-and-Run Accident Fund
Cairo – Mubasher: The Egyptian Financial Regulatory Authority's (FRA) Chairman, Mohamed Omran, has welcomed the Prime Minister's decision no. 1968 of 2021 for the appointment of Samaa Mohamed Sadek as a Chairperson of the government fund for …
Earnings per share rose to SAR 1 in H1-21
16 August 03:24 PM Arabian Cement’s profits surge 91% in H1-21; dividends announced
Riyadh – Mubasher: Arabian Cement Company recorded net profits after Zakat and tax worth SAR 100.5 million in the first half (H1) of 2021, an increase of 90.7% from SAR 52.7 million in H1-20. Earnings per share rose to SAR 1 in the first six …
Chemanol has appointed Wasatah Capital Company as the financial advisor
10 August 02:06 PM Chemanol’s board proposes SAR 550.5m capital raise
Riyadh – Mubasher: The board of Methanol Chemicals Company (Chemanol) has recommended on 9 August to increase the capital by SAR 550.49 million through a rights issue. Chemanol aims to finance and implement its business plans and future projects, …