Board of Directors

The newly-appointed CEO will continue to serve as the managing director of Aamal
19 March 01:46 PM Aamal names Mohamed Bin Faisal as new CEO
Mubasher: Aamal Company on Tuesday announced that its board of directors appointed Sheikh Mohamed Bin Faisal Al Thani as its new CEO as of 26 February. The newly-appointed CEO will continue to serve in his current position as the managing director …
Earnings shrank to KWD 1.88 million ($6.2 million) in Q4-18
19 March 10:39 AM Combined Group logs KWD 5m profit in FY18; dividends proposed
Mubasher: Combined Group Contracting reported a decline of 35.8% in profits during the fourth quarter of 2018 compared to the same period a year ago. Earnings shrank to KWD 1.88 million ($6.2 million) in Q4-18 from KWD 2.93 million ($9.7 million) …
The firm’s capital will increase by 20% to SAR 600 million
19 March 10:37 AM Aldrees OKs SAR 1/shr dividends for 2018, capital hike
Riyadh – Mubasher: Aldrees Petroleum and Transport Services Company on Tuesday announced that its shareholders had approved distributing cash dividends for the full fiscal year 2018 and raising capital via bonus shares issue during …
Losses amounted to KWD 450,000 ($1.48 million) in Q4-18
18 March 03:50 PM Tamdeen Investment FY18 profits up 10%; dividends proposed
Mubasher: Tamdeen Investment incurred a loss of 71.3% during the fourth quarter of 2018 compared to the same period last year. Losses amounted to KWD 450,000 ($1.48 million) in Q4-18 compared to KWD 1.57 million ($5.17 million) in Q4-17, according …
Cash dividend worth $30 million will be distributed
18 March 11:21 AM No price adjustment on GFH stock after bonus issue
Mubasher: GFH Financial Group announced that its ordinary general meeting (OGM) has received confirmation from Bahrain Bourse (BHB), the Dubai Financial Market (DFM), and Boursa Kuwait over the price of its stock. The three stock exchanges, on …
Ithmaar incurred a loss of $24 million in FY18
17 March 02:40 PM Ithmaar mulls $300m capital hike
Mubasher: Ithmaar Holding plans to increase its capital by $300 million during the second half of 2019, according to a recent bourse statement. The board members of Ithmaar, listed on Boursa Kuwait, the Bahrain Bourse (BHB), and the Dubai …
Metal and Recycling incurred losses of KWD 1.27 million in FY18
17 March 10:30 AM Metal and Recycling incurs losses in FY18
Mubasher: Metal and Recycling suffered a loss of KWD 324,000 ($1.07 million) during the fourth quarter of 2018 against profits worth nearly KWD 72,080 ($237,500) in the corresponding period a year ago. During fiscal year 2018, the company incurred …
The shareholders also nodded to distribute a cash dividend of 27.38% for the full-year 2018
14 March 11:26 AM ADIB appoints new board of directors
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) on Thursday announced that its shareholders have approved appointing a new board of directors. “We are pleased to announce ADIB’s new Board of Directors, with strong representation from the …
This appointment follows Ghazi Abu Nahl’s resignation from this position after a 40-year tenure
12 March 04:31 PM QGRI names Hassan Al Efrangi as CEO
Mubasher: Qatar General Insurance and Reinsurance (QGRI) on Tuesday announced appointing Hassan Al Efrangi as its new CEO after the approvals of its board of directors and the Qatar Central Bank (QCB). This appointment follows Ghazi Abu Nahl’s …
HEISCO reported a growth of 58.89% in profits in FY18
12 March 03:44 PM HEISCO records KWD 10m profits in FY18; dividends proposed
Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) achieved a surge of 62.15% in profits during the fourth quarter of 2018 compared to the same period a year ago. Earnings increased to KWD 2.54 million ($8.37 million) in Q4-18 from …
Earnings shrank to about KWD 746,840 ($2.46 million) in Q4-18
12 March 01:44 PM Jiyad FY18 profits soar 112%; bonus proposed
Mubasher: Jiyad Holding Co achieved an increase of 112% in profits to KWD 1.78 million during fiscal year 2018 compared to about KWD 837,390 in the same period a year ago. During the fourth quarter of 2018, Jiyad posted a decrease of 10% in …
Operating revenues of Integrated increased by 5.41% in 2018
12 March 11:14 AM Integrated logs KWD 17m profits in FY18; 40% dividends proposed
Mubasher: Integrated Holding Co posted a decrease of 26.19% in profits during the fourth quarter of 2018 compared to the same period in the prior year. Earnings declined to KWD 3.18 million ($10.5 million) in Q4-18 from KWD 4.3 million ($14.2 …
Noor Financial recommended 5% cash dividends
12 March 10:58 AM Noor Financial FY18 profits surge 775%; dividends proposed
Mubasher: Noor Financial Investment achieved a positive turn in financials during the fourth quarter of 2018 compared to the same period a year ago. Earnings totalled KWD 16.27 million ($53.61 million) in Q4-18 against losses of KWD 1.75 million …
GBK registered a rise in gross loans portfolio to KWD 4.2 billion in FY18
11 March 02:33 PM GBK nods to 10% dividends for FY18
Mubasher: The Gulf Bank of Kuwait (GBK) announced that its ordinary general meeting (OGM) on Monday approved the board’s recommendation of distributing 10% of the share’s capital as cash dividends for fiscal year 2018. GBK will pay 10 fils per …
The world’s top oil producer is to issue its first US dollar-denominated Eurobonds in the second quarter of 2019
11 March 02:06 PM Saudi Aramco to convene board meeting to greenlight SABIC bond plan
Riyadh — Mubasher: State-run Saudi Aramco is scheduled to meet this week to approve a bond issuance scheme that will help finance a potential acquisition of a strategic stake in Saudi Basic Industries Corporation (SABIC), according to industry …
Al Mazaya recommended not to distribute dividends
11 March 01:29 PM Al Mazaya logs KWD 5m profits in FY18
Mubasher: Al Mazaya Holding reported a decline of 18.4% during the fourth quarter of 2018 compared to the same period last year. Earnings shrank to KWD 283,000 ($932,500) in Q4-18 from KWD 347,000 ($1.14 million) in Q4-17, according to a bourse …
Jarir Marketing last reported a 10.64% year-on-year increase in profits during the full-year 2018
11 March 09:45 AM Jarir to distribute SAR 282m dividends for Q4-18
Riyadh – Mubasher: Jarir Marketing Company’s board of directors on Monday decided to distribute SAR 282 million cash dividends, or SAR 2.35 per share, for the fourth quarter of 2018. Distributions represent 23.5% of the share’s par value, …
The Kuwaiti lender will also distribute 5% bonus shares or 5-for-100 shares
10 March 12:30 PM Boubyan Bank OKs 8 fils/shr dividends, 5% bonus for 2018
Mubasher: Kuwait-based Boubyan Bank on Sunday said that its shareholders have approved the board of directors’ recommendation to distribute 8 fils per share, or 8% of the share’s capital, as a cash dividend for the full fiscal year 2018. The …
The board proposed paying EGP 0.7 per share for FY18
7 March 02:28 PM Ibnsina Pharma proposes dividends, bonus for FY18
Cairo Mubasher: The board members of Ibnsina Pharma recommended distributing a total of EGP 75.4 million as cash dividends and bonus shares for fiscal year 2018. Ibnsina Pharma’s board proposed paying EGP 0.7 per share at a value of EGP 50.88 …
SODIC's revenues totalled EGP 3.7 billion in 2018
7 March 12:39 PM SODIC’s board proposes EGP 45m dividends for FY18
Cairo – Mubasher: The board members of Sixth of October for Development and Investment (SODIC) have recommended distributing EGP 0.5 per share as a cash dividend for fiscal year 2018. The proposed cash dividends have a value of EGP 45 million, …
The growth in annual income is attributed to higher sales
7 March 11:31 AM Gulf Cable records KWD 8.5m profits in FY18; dividends proposed
Mubasher: Gulf Cable and Electrical Industries posted a decline of 10.6% in profits during the fourth quarter of 2018 compared to the same period a year ago. Earnings decreased to KWD 1.01 million ($3.33 million) in Q4-18 from KWD 1.13 million …
Injazzat achieved a growth of 13.5% in FY18 profits
6 March 04:03 PM Injazzat Real Estate to pay 7 fils/shr dividend for FY18
Mubasher: Injazzat Real Estate Development said that its ordinary general meeting (OGM) has approved the board’s recommendation of distributing 7% of the capital as cash dividends for fiscal year 2018. The company will pay 7 fils per share as a …
The decline in FY18 profits is attributed to higher financing costs
6 March 01:11 PM Business Town FY18 income declines; 5% bonus proposed
Mubasher: Kuwait Business Town Real Estate posted KWD 974,000 ($3.12 million) profits during the fourth quarter of 2018 compared to KWD 1.48 million ($4.88 million) in the same period a year ago. During fiscal year 2018, Business Town registered a …
Earnings grew to KWD 3.65 million ($12.04 million) in Q4-18
6 March 10:59 AM Al Tijaria records KWD 14.5m profits in FY18; dividends proposed
Mubasher: The Commercial Real Estate (Al Tijaria) achieved a growth of 22.5% in profits during the fourth quarter of 2018 compared to the same period last year. Earnings grew to KWD 3.65 million ($12.04 million) in Q4-18 from KWD 2.98 million …
Earnings grew to KWD 3.81 million in FY18
6 March 10:40 AM Oula Fuel FY18 profits grow 6%; dividends proposed
Mubasher: Oula Fuel Marketing registered an increase of 6.4% in profits during fiscal year 2018 compared to the prior year. Earnings grew to KWD 3.81 million in FY18 from KWD 3.58 million, according to a bourse disclosure on Wednesday. During the …