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General Assembly

The 2020 estimated budget was also approved
9 July 04:16 PM Makkah Chamber achieves SAR 82m revenues in 2019
Riyadh - Mubasher: The general assembly of Makkah Chamber of Commerce and Industry approved the budget of fiscal year (FY) 2019 with more than SAR 82 million realised revenues, Saudi Press Agency (SPA) reported on Thursday. The assembly also …
The purchase will be financed through Bupa's own funds
1 July 11:11 AM Bupa Arabia greenlights SAR 14m share buyback
Riyadh - Mubasher: The extraordinary general meeting (EGM) of Bupa Arabia for Cooperative Insurance Company approved the buyback of a maximum of 220,000 shares at a value of SAR 14.27 million. The new shares will be allocated to the insurer’s …
The dividend amount represents 10% of the company’s capital
1 July 10:12 AM Sumou Real Estate nods to SAR 25m dividends for FY19
Riyadh – Mubasher: The ordinary general meeting (OGM) of Sumou Real Estate Company consented to distribute cash dividends worth SAR 25 million to shareholders for fiscal year (FY) ending on 31 December 2019. The dividend amount, equivalent to SAR …
Board members will receive a remuneration of SAR 1.2 million for 2019
1 July 09:20 AM Arabian Shield cancels 2019 dividends
Riyadh – Mubasher: Arabian Shield Cooperative Insurance Company’s ordinary general meeting (OGM) decided not to distribute dividends for fiscal year (FY) 2019 following a recommendation from the company’s board of directors. It also discharged the …
Board members will obtain a remuneration worth SAR 1.4 million for 2019
30 June 10:15 AM Saudi German Hospital withholds 2019 dividends
Riyadh – Mubasher: The Middle East Healthcare Company’s (Saudi German Hospital) general assembly has decided to cancel the fiscal year (FY) 2019 dividends following a recommendation from the company’s Board of Directors. It further discharged the …
The shareholders also agreed on distributing bonus shares
29 June 03:38 PM Agility's shareholders approve dividends, bonus shares distribution
Mubasher: The shareholders of Agility Public Warehousing have approved to pay out 5% cash dividends or 5 fils per share for 2019, according to a press release on Monday. The shareholders also agreed on distributing bonus shares, equivalent to 5% …
The company's losses shrank by 84% annually in 2019
29 June 11:51 AM Saudi Steel Pipe cancels 2019 dividends
Riyadh – Mubasher: Saudi Steel Pipe Company’s general assembly recently approved not to distribute any dividends to shareholders for fiscal year (FY) ending on 31 December 2019. It further discharged the Board of Directors from liability for 2019 …
The capital rise will by through issuing 10.843 million bonus shares
28 June 03:19 PM National International Holding EGM approves KWD 23m capital hike
Mubasher: The extraordinary general meeting (EGM) of National International Holding Company has approved to raise the authorised, issued, and paid-up capital from KWD 21.687 million to KWD 22.772 million. The capital rise will by through issuing …
Dividends will be at SAR 0.5 per share
28 June 10:58 AM Al Samaani greenlights capital hike, FY19 dividends
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Samaani Factory for Metal Industries Company approved raising the company’s capital to SAR 25 million from SAR 15 million via a 1-for-1.5 bonus share issuance. The capital increase …
The loan will finance current and future projects for Metal and Recycling
25 June 04:59 PM Metal and Recycling OGM approves KWD 10m loan from Agility
Mubasher: The ordinary general meeting (OGM) of Metal and Recycling Company approved a convertible loan facility agreement at a maximum amount of KWD 10 million with Agility International Investment, a fully-owned subsidiary of Agility Public …
The company saw 27% lower net earnings in 2019
25 June 10:11 AM Al Etihad Cooperative approves no dividends for 2019
Riyadh – Mubasher: Al Etihad Cooperative Insurance Company’s general assembly approved the board's recommendation not to distribute cash dividends to shareholders for fiscal year (FY) ended on 31 December 2019. A remuneration worth SAR 1.40 …
The cash dividend stands at 16.5 fils per share
23 June 10:07 AM Aramex shareholders approve 16.5% dividends for 2019
Dubai – Mubasher: The ordinary general meeting (OGM) of Aramex has approved distributing cash dividends equivalent to 16.5% of the company's paid-up capital for 2019.  The cash dividend stands at 16.5 fils per share, aggregating at a total of AED …
The dividends represent 10% of the capital
23 June 09:14 AM SASCO approves SAR 60m dividends for 2019
Riyadh – Mubasher: The general assembly of Saudi Automotive Services Company (SASCO) approved distributing SAR 60 million as cash dividends to shareholders for fiscal year (FY) 2019, equivalent to SAR 1 per share or 10% of the share's par value. …
The company’s issued capital will be increased to EGP 702.17 million
22 June 01:17 PM Porto Group's shareholders approve capital raise via bonus issue
Cairo – Mubasher: The extraordinary general meeting (EGM) of Porto Group Holding approved a proposal to increase its capital by EGP 100.3 million through a one-for-six bonus issue to be financed from 2018's retained earnings and 2019’s generated …
The board members and the auditors were discharged from liability
22 June 11:31 AM Emaar Properties permits interim dividend distributions
Dubai – Mubasher: The ordinary general meeting (OGM) of Emaar Properties has approved to add a new clause to the company's Articles that permits the distribution of interim dividends on a semi-annual or quarterly basis. During the meeting, the …
The cash dividend distribution amounts to AED 62.5m
22 June 10:27 AM National Marine Dredging approves 25% dividends for 2019
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of National Marine Dredging Company approved to pay 25% cash dividends to shareholders for fiscal year (FY) 2019. The cash dividend distribution amounts to AED 62.5 million, according to the …
The bonus shares distribution stands at five shares for every 100 shares
21 June 03:20 PM National International's OGM approves 5% bonus shares for 2019
Mubasher: The ordinary general meeting (OGM) of National International Holding Company, dually listed on Boursa Kuwait and Dubai Financial Market (DFM), approved distributing bonus shares, equivalent to 5% of the issued and paid-up capital, for …
The company's accumulated losses amounted to AED 2.142 billion
21 June 09:46 AM Union Properties' OGM rejects reserve use for cutting accumulated losses
Dubai – Mubasher: The shareholders of Union Properties disapproved a proposal for the use of the statutory reserve of not exceeding AED 332.9 million to decrease its accumulated losses. In addition, the ordinary general meeting (OGM) also rejected …
Revenues slipped by 15.9% YoY in Q1-20
21 June 09:39 AM Saudi Ground swings to losses in Q1-20, cancels H2-19 dividend
Riyadh – Mubasher: The financial statements of Saudi Ground Services Company (SGS) showed a turn to losses during the first quarter (Q1) of 2020 at SAR 51.5 million, against net profits of SAR 104.1 million in the corresponding quarter a year …
The shareholders also approved not to distribute cash dividends
21 June 09:25 AM Fujairah Cement's OGM nods to withdraw from Boursa Kuwait
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Fujairah Cement Industries Co has agreed on the company's withdrawal from Boursa Kuwait, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Sunday. During …
The distribution date is 9 July 2020
18 June 01:29 PM NAPESCO to distribute 70% dividends for 2019
Mubasher: The general assembly of the National Petroleum Services (NAPESCO) has approved the board of directors’ recommendation to distribute dividends to shareholders for 2019. The eligibility for the dividends will be for the shareholders …
The dividends amount to a total of SAR 35.6 million
16 June 09:47 AM Budget Saudi greenlights H2-19 dividends
Riyadh – Mubasher: The general assembly of United International Transportation Company (Budget Saudi) consented to the proposed cash dividend distribution of SAR 35.6 million or SAR 0.5 per share to shareholders for the second half (H2) of 2019, …
The OGM approved the board’s report for FY 2019
15 June 10:34 AM SIDC to use SAR 8m of reserve to offset accumulated losses
Riyadh – Mubasher: The ordinary general meeting (OGM) of the Saudi Industrial Development Company (SIDC) approved transferring SAE 8.09 million from the statutory reserve surplus to the accumulated losses account. The decision was made during the …
Total assets grew to KWD 779.42 million in FY 19/20
11 June 06:09 PM QIPC records KWD 28m profits; plans dividends
Mubasher: Qurain Petrochemical Industries Company (QIPC) has achieved a net profit of KWD 28.23 million ($ 91.37 million) in fiscal year (FY) ended on 31 March 2020, compared to KWD 45.33 million ($ 146.72 million) in the previous year. Earnings …
Porto Group Holding’s net profits declined to EGP 116.88 million
10 June 04:12 PM Porto Group Holding's shareholders approve bonus issue
Cairo – Mubasher: The ordinary general meeting (OGM) of Porto Group Holding approved the board’s proposal to distribute bonus shares to be financed from 2018's retained earnings and 2019’s generated profits. The company’s shareholders agreed on a …