General Assembly

The OGM elected new board for the coming three years
19 April 04:11 PM Securities House to shrink capital by KWD 3m
Mubasher: The ordinary general meeting (OGM) of Securities House approved decreasing 6.25% or KWD 3 million of the paid-up capital. Securities House will shrink its capital to KWD 45 million from KWD 48 through cancelling 30 million shares, …
Total cash dividends amounts to around AED 510.24 million
19 April 09:57 AM Dubai Investments nods to AED 510m dividends for FY17
Dubai – Mubasher: Shareholders of Dubai Investments have approved the distribution of 12%, or 12 fils per share cash dividend, for the financial year ended December 2017. Total cash dividends amount to around AED 510.24 million, the UAE leading …
Kuwait Investment achieved a surge of 313.1% in profits in FY17
18 April 04:51 PM Kuwait Investment nods to 20% dividends for FY17
Mubasher: The ordinary general meeting (OGM) of Kuwait Investment approved the board’s recommendation to distribute 20% of the capital as cash dividends for fiscal year 2017. Kuwait Investment will pay 20 fils per share as a capital at a total …
Mezzan closed Wednesday’s session 0.27% higher
18 April 04:06 PM Mezzan Holding to pay 22% dividends for FY17
Mubasher: The ordinary general meeting (OGM) of Mezzan Holding Co approved the board’s recommendation of distributing 22% of the capital as a cash dividend for fiscal year 2017. Mezzan will pay 22 fils per share to the entitled shareholders, with …
The dividends will be distributed on 7 May
17 April 04:18 PM National Investments to pay 7 fils/shr as FY17 dividends
Mubasher: The ordinary general meeting (OGM) of National Investments Co approved the board’s recommendation to distribute 7% of the capital as a cash dividend for fiscal year 2017. National Investments will pay 7 fils per share as a dividend to …
The board members recommended a cash dividend of 10%
17 April 04:12 PM National Industries Q4 financials turn profitable; dividends proposed for FY17
Mubasher: National Industries Group Holding recorded a profit of KWD 16.81 million ($56.13 million) in the fourth quarter of 2017 against losses of KWD 19.14 million ($63.91 million) in the same quarter a year ago. During FY17, the company, which …
Arabtec recorded a profit of AED 123.1 million in FY17
17 April 09:36 AM Arabtec to pay AED 30.7m dividends for FY17
Dubai – Mubasher: The ordinary general meeting (OGM) of Arabtec Holding approved the board’s recommendation to distribute 2.05% of the capital as a cash dividend for fiscal year 2017. Dubai's largest listed construction firm will pay 2.05 fils per …
Specialities Group will reduce an amount in the KWD 15.59 million issue premium
16 April 04:48 PM Specialities Group to consider offsetting KWD 3m losses
Mubasher: Specialities Group Holding will hold its ordinary general meeting on 2 May to discuss the board’s recommendation of offsetting the company’s losses until 31 December 2018. The company’s losses until the end of fiscal year 2017 on 31 …
IFA closed Monday’s session in Boursa Kuwait 0.38% lower
16 April 04:35 PM IFA’s board nods to becoming holding firm
Mubasher: The board of International Financial Advisors (IFA) approved transforming to a holding company. The board members of IFA, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), will pass this decision to the …
At a total value of SAR 267.75 million, Saudi Cement will distribute the dividends on 25 April
16 April 10:46 AM Saudi Cement to pay SAR 1.75/shr dividends for H2-17
Riyadh – Mubasher: Saudi Cement Co announced that its ordinary general meeting (OGM) had approved the board's recommendation to distribute 17.5% of the capital in cash dividends for the second half of 2017. The cement producer will pay a per-share …
The OGM also approved the board of directors’ report
15 April 12:05 PM Pioneers Holding OKs retaining 2017 profits
Cairo – Mubasher: The ordinary general meeting (OGM) of Pioneers Holding Company for Financial Investment has approved the proposal of retaining shareholders’ 2017 profits. The OGM also approved the board of directors’ report and the financial …
The company will pay a total of AED 21.4 million in dividends
15 April 10:24 AM Fujairah Cement nods to 6% dividends for FY17
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Fujairah Cement Industries Co approved distributing 6% of the capital as cash dividends for fiscal year 2017. Fujairah Cement, which is listed on both Boursa Kuwait and the Abu Dhabi …
Aldar raised its foreign ownership limit to 49%
15 April 09:06 AM Aldar Properties raises foreign ownership limit to 49%
Abu Dhabi – Mubasher: Aldar Properties on Sunday announced raising the Foreign Ownership Limit (FOL) for its investors to 49% from 40%. The announcement comes after the company received all relevant regulatory approvals. The FOL raise is effective …
Gulf Cement’s capital stands at AED 821.1 million
12 April 03:58 PM Gulf Cement to pay 8% dividends for FY17
Mubasher: The ordinary general meeting (OGM) of Gulf Cement Co approved the board’s recommendation to distribute 8% of the capital as a cash dividend for fiscal year 2017. The company, which is listed on both Boursa Kuwait and the Abu Dhabi …
Tamdeen Real Estate will pay a cash dividend of 12 fils per share
11 April 03:36 PM Tamdeen Real Estate’s OGM nods to FY17 dividends
Mubasher: The shareholders of Tamdeen Real Estate approved the board’s recommendation to distribute 12% of the capital as cash dividends for fiscal year 2017. Tamdeen Real Estate will pay a cash dividend of 12 fils per share on 10 May to the …
Tamdeen Investments posted a slight rise of 0.3% in profits in FY17
11 April 03:26 PM Tamdeen Investment’s subsidiary to raise capital
Mubasher: Tamdeen Investment announced that its 99%-owned subsidiary Wafra Holding held its ordinary general meeting (OGM) on Wednesday to increase its capital. Wafra Holding’s shareholders approved raising the capital by KWD 24 million, according …
The dividends will be paid on 6 June
10 April 04:18 PM HEISCO to pay 20% dividends for FY17
Mubasher: The ordinary general meeting of (OGM) Heavy Engineering Industries and Shipbuilding (HEISCO) approved the board’s recommendation to distribute 20% of the capital as cash dividends for fiscal year 2017. HEISCO will pay 10 fils per share …
Porto Group Holding will distribute EGP 100.3 million of 2016 retaining profits and a part of 2017 profits
10 April 01:51 PM Porto Group OGM nods to bonus shares, capital increase
Cairo – Mubasher: Porto Group Holding on Tuesday said that its ordinary general meeting (OGM) had approved the distribution of the proposed bonus shares at 1-for-5 basis ratio. The real estate investment company will distribute EGP 100.3 million …
The dividends will be distributed on 16 April
8 April 11:49 AM Halwani Bros OKs SAR 2.5/shr dividends for 2017
Riyadh – Mubasher: Halwani Bros Co on Sunday announced that its ordinary general meeting (OGM) had approved distributing a cash dividend of SAR 2.5 per share for 2017. The dividends, which represent 25% of capital, will be paid to shareholders …
Jazeera Airways has expanded its route network during fiscal year 2017
5 April 03:49 PM Jazeera Airways to pay 35 fils/shr dividends for FY17
Mubasher: The ordinary general meeting (OGM) of Jazeera Airways approved the board’s recommendation to distribute 35% of the capital as a cash dividend for fiscal year 2017. Jazeera Airways will pay 35 fils per share as dividends to the entitled …
The OGM  endorsed the investment scheme for FY17/18
5 April 11:47 AM Misr Hotels OGM nods to FY17/18 budget
Cairo – Mubasher: The ordinary general meeting (OGM) of Misr hotels has approved its estimated budget for fiscal year 2017/2018, targeting a net profit of EGP 99.63 million compared to an estimated profit of EGP 99.552 million for the current …
The dividends will be distributed on 29 April
5 April 10:23 AM Human Soft to consider 160% dividends for FY17 late April
Mubasher: Human Soft Holding will hold its ordinary general meeting (OGM) on Monday, 23 April, to discuss the board’s recommendation of distributing 160% and 70% of the capital as cash dividends and bonus shares, respectively. The board has …
The bonus shares will be distributed on 13 May
4 April 04:14 PM Kuwait Reinsurance nods to 10% bonus shares for FY17
Mubasher: The ordinary general meeting (OGM) of Kuwait Reinsurance has approved the board’s recommendation to distribute 10% of the capital as a bonus share for fiscal year 2017. Kuwait Reinsurance will distribute 10-for-100 shares as bonus shares …
KIPCO posted a decline of 48.1% in profits to KWD 23.6 million
4 April 03:19 PM KIPCO approves FY17 dividends, bonus
Mubasher: The shareholders of Kuwait Projects Holding (KIPCO) have approved, during the ordinary general meeting (OGM) on Wednesday, the board’s recommendation to distribute cash dividends and bonus shares for fiscal year 2017. KIPCO will pay 10% …
The company will pay 8 fils per share as dividends for FY17
4 April 03:02 PM National Industries nods to FY17 dividends
Mubasher: The ordinary general meeting (OGM) of National Industries approved the board’s recommendation to distribute 8% of the capital as a cash dividend for fiscal year 2017. The company will pay 8 fils per share as dividends for FY17 to the …