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17 January 11:01 AM

Board of Directors

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12 January 05:20 PM Al Alamiya names new Chairman, Vice Chairman for 3 years
Riyadh - Mubasher: Al Alamiya for Cooperative Insurance Company has appointed Abdulaziz bin Hasan as its new Chairman for three years starting from 16 November 2021. The Saudi listed company also appointed Tariq Al Naeem as the Vice Chairman for …
Board of Directors
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11 January 05:46 PM Bank Aljazira appoints Chairman, Vice Chairman
Riyadh – Mubasher: Bank Aljazira has chosen Tarek Othman Al Kasabi to be the Chairman of the board for a three-year term as of 1 January 2022. The Saudi lender also appointed Abdulmajeed Ibrahim Al Sultan as the Vice Chairman for the same …
Management Decisions
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11 January 11:35 AM Amer Group's board approves capital cut to EGP 903m
Cairo – Mubasher: The board of Amer Group Holding Co has approved to cut issued and paid-up capital by EGP 100.31 million to EGP 902.79 million from EGP 1.003 billion. The company will decrease its capital by canceling 100.31 million treasury …
Board of Directors
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10 January 06:01 PM NCLE’s shareholders nod to SAR 34m dividends for FY20/21
Riyadh – Mubasher: The shareholders of National Company for Learning and Education (NCLE) approved the board’s recommendation of distributing cash dividends worth SAR 34.40 million for the fiscal year (FY) ended on 31 August 2021. The company will …
Cash Dividends
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9 January 11:22 AM Mopco appoints new Chairman
Cairo – Mubasher: The board of Misr Fertilizers Production Company (Mopco) has appointed Ibrahim Abdel Kader Mekky Mahgoub as the company's Chairman and Managing Director. The new Chairman will replace Hesham Nour El-Din as of the appointment …
Management Decisions
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6 January 04:23 PM Alujain names Al Dawood as new CEO
Riyadh – Mubasher: The board of Alujain Holding Corporation has appointed Khalid Mohammed Al Dawood as the company’s new CEO. Al Dawood will assume the role as of 9 January 2022, according to a bourse disclosure. The board had announced on 28 …
Corporate Actions
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6 January 01:02 PM Saudi Chemical names Chairman, vice Chairman
Riyadh – Mubasher: The board of the Saudi Chemical Company has appointed Fahad Saleh Al Jarbou as the Chairman of the board for a three-year term that started on 1 January 2022. The board of the Saudi listed company has also decided to appoint …
Management Decisions
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4 January 06:29 PM MIDOR targets higher output capacity of $2.4bn Alexandria refinery
Cairo – Mubasher: The Middle East Oil Refinery Company (MIDOR) plans to raise the production capacity of Alexandria refinery by 60%, the Ministry of Petroleum and Mineral Resources said in a Tuesday statement. The refinery, which has an investment …
Board of Directors
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4 January 04:29 PM SADAFCO's board proposes 30% dividends for H1-21/22
Riyadh – Mubasher: The board of Saudia Dairy and Foodstuff Company (SADAFCO) has recommended a cash dividend distribution, equivalent to 30% of the capital, for the first half (H1) of the fiscal year (FY) ended on 31 March 2022. The cash dividend …
Cash Dividends
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3 January 06:09 PM Tihama's board amends capital increase value
Riyadh – Mubasher: The board of Tihama Advertising and Public Relations Company has changed the value of its capital raise recommendation, which took place on 14 July 2021, to become SAR 350 million through a rights issue, according to a recent …
Board of Directors
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3 January 02:18 PM Tihama names Al Asmari as new CEO
Riyadh – Mubasher: The board of Tihama Advertising and Public Relations Company has appointed Mazen bin Muhammad Al Asmari as the new CEO. Al Asmari has assumed the role on 2 January, according to a bourse filing. It is worth noting that Al Asmari …
Corporate Actions
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3 January 10:13 AM Zoujaj's board recommends 5% dividend distribution
Riyadh – Mubasher: The board of the National Company for Glass Industries (Zoujaj) has recommended a cash dividend distribution, equivalent to 5% of the capital, for 2021. The cash dividend payout stands at SAR 0.5 per share, aggregating at a …
Board of Directors
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2 January 04:43 PM Chairman of recently listed Enma Alrwabi dies
Riyadh – Mubasher: Enma Alrwabi Company has announced the death of its Chairman, Sheikh Ibrahim bin Saad Al Mousa, according to a bourse filing on Sunday. Al Mousa, who was a non-executive board member, passed away on Friday, 31 December. The …
Board of Directors
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2 January 03:05 PM HD Bank's board approves higher funding sources for EGP 3.79bn capital raise
Cairo – Mubasher: The board of the Housing and Development Bank (HD Bank) has approved higher funding sources for an EGP 3.79 billion capital increase. The capital raise will be financed from general reserves with EGP 3.28 billion and retained …
Board of Directors
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2 January 09:28 AM Saudi Cement appoints new Chairman
Riyadh – Mubasher: The board of Saudi Cement Company has appointed Khalid Abdulrahman Al Rajhi as the company's Chairman. The company has also appointed Mohammed Abdulkarim Al Khereiji as Vice-Chairman, according to a bourse filing on Sunday. It …
Board of Directors
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30 December 2021 10:54 AM Sumou Real Estate appoints Chairman, Vice Chairman
Riyad - Mubasher: The board of Sumou Real Estate Company has appointed Ayedh Farhan Al Qahtani as the company's Chairman. The board also elected Saeed Salem Al Nahdi as Vice Chairman, according to a bourse filing on Thursday. The board's Secretary …
Board of Directors
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30 December 2021 10:25 AM Alinma Bank's board proposes 4% dividend distribution for H2-21
Riyadh – Mubasher: The board of Alinma Bank has recommended a cash dividend distribution, equivalent to 4% of the capital, for the second half (H2) of 2021. The cash dividend payout stands at SAR 0.40 per share, aggregating at a total value of SAR …
Banking and Finance
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29 December 2021 01:42 PM Knowledge Economic City names Almubarak as CEO
Riyadh – Mubasher: Knowledge Economic City Company announced the appointment of Mohammad Abdulhameed Almubarak as the CEO of the company, upon the board’s approval on 28 December. Almubarak will assume the CEO position as of 1 January 2022, …
Corporate Actions
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29 December 2021 10:00 AM Halwani Bros' board proposes 20% dividends for 2021
Riyadh – Mubasher: The board of Halwani Bros Company has recommended distributing cash dividends, equivalent to 20% of the capital, for fiscal year 2021. The cash dividend distribution stands at SAR 2 per share, aggregating at a total value of SAR …
Board of Directors
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28 December 2021 07:49 PM GASCO in talks to acquire stake in Best Gas Carrier
Riyadh – Mubasher: The board of National Gas Industrialization Company (GASCO) has approved, on 27 December, to enter negotiations with Best Gas Carrier Company to acquire equity in the latter. The investment committee will monitor all …
Management Decisions
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28 December 2021 07:26 PM Bawan to distribute SAR 45m dividends for H2-21
Riyadh – Mubasher: The board of Bawan Company has approved, on 27 December, to distribute cash dividends worth SAR 45 million, representing 7.5% of the capital, for the second half (H2) of 2021. The company will pay a dividend of SAR 0.75 per …
Board of Directors
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28 December 2021 09:33 AM SASCO to distribute 2% dividends for Q3-21
Riyadh – Mubasher: The board of Saudi Automotive Services Company (SASCO) has approved to distribute cash dividends, equivalent to 2% of the capital, for the third quarter (Q3) of 2021. The cash dividend distribution stands at 20 halalh per share, …
Board of Directors
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27 December 2021 02:17 PM SIEC amends capital increase decision
Riyadh - Mubasher: The board of the Saudi Industrial Exports Company (SIEC) announced a new value of amending the capital through a 66.66% reduction which will be followed by an increase of 800%, according to a bourse filing on Monday. SIEC will …
Corporate Actions
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26 December 2021 05:25 PM Pharaoh Tech’s board approves stock split to 5m shares
Cairo - Mubasher: The board of Pharaoh Tech for Control and Communication has approved, on 23 December, a stock split of the company’s shares to total 1 million shares instead of 5 million. The Egyptian listed company will decrease the share value …
Management Decisions
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23 December 2021 00:51 PM Saudi Chemical to distribute SAR 0.5 dividend for 9M-21
Riyadh – Mubasher: The board of the Saudi Chemical Company decided to pay a cash dividend of SAR 0.5 per share for the first nine months (9M) of 2021. The company will distribute a total amount of SAR 42.16 million, representing 5% of the capital, …
Cash Dividends