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The proposal is still pending shareholder approval
27 January 12:05 PM Sarwa Capital's board proposes rebranding to Contact Financial Holding
Cairo – Mubasher: The board of directors Sarwa Capital Holding for Financial Investments approved a decision to rebrand to Contact Financial Holding. The board also decided to amend the company’s authorised capital in accordance with the Financial …
Dice reported net losses of EGP 56.56 million in nine months
24 January 12:23 PM Dice considers withholding dividend payments
Cairo – Mubasher: The ordinary general meeting (OGM) of Dice Sport and Casual Wear approved a decision to withhold dividend payments until a study is conducted to assess how much liquidity is required for a dividend payout. The auditor will be …
Revenue came in at SAR 4.97 billion during the previous year.
19 January 10:07 AM Aldrees' FY20 earnings down 58%; dividends proposed
Riyadh – Mubasher: The net profits of Aldrees Petroleum and Transport Services Company amounted to SAR 121.1 million in the fiscal year (FY) ended on 31 December 2020, down by 58.48% when compared to SAR 291.7 million in 2019. The plunge in the …
The cash dividend distribution stands at SAR 0.80 per share
14 January 12:20 PM NCLE's shareholders nod to 8% dividends
Riyadh – Mubasher: The ordinary general meeting (OGM) of the National Company for Learning and Education (NCLE) has approved to pay out cash dividends, equivalent to 8% of the company's share capital, for the fiscal year ended 31 August 2020. The …
The share's nominal value will be reduced to EGP 0.50
13 January 12:51 PM Raya Holding's board approves stock split
Cairo – Mubasher: The board of directors of Raya Holding for Financial Investments approved a proposal to boost trading on the company’s shares. The board decided to start procedures for a 10-for-one stock split to make the nominal value of the …
The company reported net profits of SAR 75.8 million in 12 months
13 January 11:19 AM Ataa Educational's shareholders approve SAR 40m dividends
Riyadh – Mubasher: The ordinary general meeting (OGM) of Ataa Educational Company approved the board’s proposal for a cash dividend distribution of 10% of capital, amounting to SAR 40 million or SAR 1 per share, for the year ended 31 July 2020. …
Hadisolb incurred net losses of EGP 274.48 million in three months
12 January 10:55 AM Hadisolb to liquidate steel plant, spin off mining operations
Cairo – Mubasher: The extraordinary general meeting (EGM) of the Egyptian Iron and Steel (Hadisolb), a subsidiary of the Ministry of Public Business Sector, decided to liquidate its steel plant and spin off its mining operations, Ahram Gate …
MubasherTrade came among the top 10 securities brokerage firms in 2020
5 January 04:33 PM Mubasher Holding's EGM approves addition of custodian, investment banking services
Cairo – Mubasher: The extraordinary general meeting (EGM) of Mubasher Capital Holding for Financial Investments approved the addition of custodian and investment banking services, the Vice Chairperson, Ehab Rashad, told Mubasher. In October 2020, …
The distributions will be paid on 20 January 2021.
4 January 04:11 PM MIS' board plans 11% dividends for H2-20; 25% capital raise
Riyadh – Mubasher: Al Moammar Information Systems' (MIS) board proposed distributing SAR 22 million in cash dividends to shareholders for the second half (H2) of 2020. The recommended amount is equivalent to SAR 1.10 per share or 11% of the …
The issued capital will also be raised to EGP 853.65 million
3 January 12:33 PM Fawry's shareholders approve capital raise, EGP 160m loan deal
Cairo – Mubasher: The ordinary general meeting (OGM) Fawry for Banking Technology and Electronic Payments approved a loan agreement worth EGP 160 million between its subsidiary Fawry Microfinance Co and the Egyptian-American Enterprise Fund which …
The contract is expected to be signed on 3 January 2021.
30 December 2020 04:44 PM Saudi German Hospital recommends awarding SAR 264.7m project to Megamind IT Solutions
Riyadh – Mubasher: Independent board members of the Middle East Healthcare Company (Saudi German Hospital) recommended awarding the contract for the digital transformation of the company's hospitals to Megamind IT Solutions Company, subject to the …
The proposed amount is equal to SAR 1 per share.
29 December 2020 10:15 AM Saudi White Cement plans 10% dividends for H2
Riyadh – Mubasher: The Board of Directors of Saudi White Cement Co. recommended a cash dividend distribution of SAR 120 million to shareholders for the second half (H2) of 2020. The proposed amount is equal to SAR 1 per share or 10% of the share’s …
The capital raise will be distributed over 102.44 million bonus shares
28 December 2020 11:24 AM Egypt Kuwait Holding’s shareholders approve capital raise via bonus issue
Cairo – Mubasher: The extraordinary general meeting (EGM) of Egypt Kuwait Holding (EKH), listed on the Egyptian Exchange (EGX) and Boursa Kuwait, approved an increase of $25.61 million in its issued and paid-up capital to reach $281.72 million. …
The capital raise will be implemented by issuing one share for every eight owned shares.
28 December 2020 09:38 AM Halwani Bros board proposes capital raise, FY20 dividends
Riyadh – Mubasher: Halwani Bros. Company’s board recommended raising the company’s capital by 12.5% to SAR 353.57 million by issuing one share for every eight owned shares, subject to competent approvals. The step comes to support the company’s …
The company incurred net losses of EGP 414.84 million in three months
24 December 2020 00:00 PM Kima's shareholders greenlight EGP 2bn capital hike
Cairo – Mubasher: The extraordinary general meeting (EGM) of the Egyptian Chemical Industries (Kima) has given tentative approval for increasing the issued and paid-up capital by EGP 2 billion. The capital increase will be used to cover the …
The UAE confirmed 1,533 new recoveries
23 December 2020 02:15 PM UAE announces 1,246 new COVID-19 cases
UAE - Mubasher: The UAE has reported 1,246 new coronavirus (COVID-19) cases to raise the total number of cases to 197,124, the UAE Ministry of Health announced on Wednesday. The ministry has conducted 145,523 COVID-19 tests to detect further …
Al Samaani swung to net profits of SAR 1.22 million in the first half of 2020.
23 December 2020 09:39 AM Al Samaani’s board recommends 5% dividends for FY20
Riyadh – Mubasher: The board of Al Samaani Factory for Metal Industries Company proposed a cash dividend distribution of SAR 1.25 million to shareholders for fiscal year (FY) 2020. The recommended amount represents SAR 0.5 per share or 5% of the …
The proposed dividends represent 10% of the share’s nominal value.
23 December 2020 09:13 AM Al Yamamah Steel plans SAR 50.8m dividends for FY19/20
Riyadh – Mubasher: Al Yamamah Steel Industries Company’s board recommended to distribute SAR 50.8 million in cash dividends to shareholders for the fiscal year (FY) ended on 30 September 2020. This amount represents SAR 1 per share or 10% of the …
The recommended dividends amount represents 6.5% of the share’s par value.
22 December 2020 11:12 AM Advanced Petrochemical plans SAR 140.7m dividends for Q4
Riyadh – Mubasher: Advanced Petrochemical Company’s board proposed a cash dividend distribution of SAR 140.7 million to shareholders for the fourth quarter (Q4) of 2020, bringing total distributions paid by the company for fiscal year 2020 to SAR …