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General Assembly

Seera has conducted more than 2 million business since October 2018
2 hours ago Saudi Seera boosts Middle East travellers bookings with Salesforce’s platform
Riyadh – Mubasher: Seera Group, formerly Al Tayyar Travel Group started using selected Salesforce, the global leader in Customer relationship management (CRM), to digitally transform and endorse travel booking experiences for millions of …
The board accepted the appointment of Tammam Abdullah as acting CEO
4 hours ago Takaful Emarat appoints new acting CEO
Dubai – Mubasher: Takaful Emarat Insurance, listed on the Dubai Financial Market (DFM), announced that its board of directors has approved the resignation of CEO Fafi Jawday Hindi. Additionally, the board accepted the appointment of Tammam …
Capital restructuring will be executed through a reduction to KWD 23.745 million
22 August 01:40 PM KAMCO receives CMA’s approval to capital restructuring
Mubasher: KAMCO Investment announced that it has received the Capital Markets Authority’s (CMA) assent to restructure its capital, hence, complementing KAMCO’s merger with Global Investment House. The capital restructuring will be executed through …
National Building will not pay cash dividends to shareholders for FY18
22 August 01:27 PM National Building not to pay dividends for FY18
Riyadh – Mubasher: The ordinary general assembly of the National building and Marketing Company has approved the board’s recommendation of not paying cash dividends to shareholders for the year ended 31 March. The assembly has also approved the …
The company intends to raise its capital to SAR 200 million
22 August 11:46 AM Abo Moati shareholders approve 25% capital increase, 5% dividends
Riyadh – Mubasher: The extraordinary general assembly of Abdullah Saad Mohammed Abo Moati for Bookstores Company (Abo Moati) has approved the board’s recommendation to increase the company’s capital by 25% through the issuance of bonus shares. The …
The loan will finance the capital raise of Auerbach Grayson & Company LLC
20 August 02:18 PM Orascom Investment’s shareholders approve loan to Beltone
Cairo – Mubasher: Orascom Investment Holding’s (OIH) ordinary general meeting (OGM) approved signing an agreement to grant Beltone Financial Holding a subordinated loan. The company’s chairman and managing director have been authorised to enter …
IFA's capital after reduction will stand at KWD 26.67 million
15 August 04:56 PM IFA’s accumulated losses represent 82% of capital
Mubasher: The International Financial Advisors (IFA) disclosed that its accumulated losses as registered on 30 June 2019 represent 82% of the capital. The company, listed on both Boursa Kuwait and the Dubai Financial Market (DFM) noted that the …
The company’s capital will be SAR 314.28 million
6 August 02:34 PM Halwani Bros’ board approves 10% capital increase
Riyadh – Mubasher: The extraordinary general assembly of Halwani Bros Company has approved a 10% capital increase during the meeting held on Monday, 5 August. Accordingly, the company’s capital will be SAR 314.28 million instead of SAR 285.7 …
Arabia Investments logged EGP 22.13 million net profit in Q1
5 August 04:59 PM Arabia Investments’ shareholders approve EGP 288m capital hike
Cairo – Mubasher: Arabia Investments Holding’s ordinary general meeting (OGM) approved raising the company's issued and paid-up capital to EGP 432.5 million from EGP 144.17 million. The company’s issued and paid-up capital will be increased by EGP …
The parent company's issued capital will be kept at $94.05 million
5 August 03:28 PM Arafa’s shareholders nod to merger of 3 units into parent company
Cairo – Mubasher: Arafa for Investment and Consultancies (AIVC) announced that its shareholders had approved the merger of three units into the parent company during an extraordinary general meeting (EGM). Al Arafa for Investment in Garments …
Shareholders approved raising the company’s issued capital to EGP 898.4 million
4 August 03:07 PM Beltone’s shareholders approve $1.5m loan from Orascom
Cairo – Mubasher: Beltone Financial Holding announced that its shareholders had approved signing a contract to obtain a subordinated loan worth $1.55 million from Orascom Investment Holding (OIH). With an annual interest rate of 10.52%, the loan …
The agreement will see the development, operation, and management of Al Nahda Hospital
4 August 12:51 PM Cleopatra Hospital to invest EGP 360m in Al Nahda Hospital
Cairo – Mubasher: Cleopatra Hospital Co announced that its shareholders had approved a partnership agreement with Taleem Management Services and Al Nahda for Educational and Management Services to develop Al Nahda Hospital with investments worth …
The capital raise will be conducted by issuing 280.18 million shares
4 August 11:15 AM Beltone’s shareholders approve EGP 560m capital raise
Cairo – Mubasher: Beltone Financial Holding announced that its shareholders had approved increasing the company’s issued capital to EGP 898.4 million from EGP 338.08 million during an ordinary general meeting (OGM). The capital raise will be …
EGM will be discussing the write-off decision
1 August 08:44 AM UNB Egypt approves optional write-off of shares on EGX
Cairo – Mubasher: Union National Bank - Egypt (UNB Egypt) said that its board of directors has approved to optionally write off the bank’s shares listed on the Egyptian Exchange (EGX). The extraordinary general meeting (EGM) will be discussing the …
IHC approves election of new chairman
30 July 11:16 AM UAE’s IHC elects new chairman
Abu Dhabi – Mubasher: International Holdings Company (IHC), listed on the Abu Dhabi Securities Exchange (ADX), announced that its board of directors has approved the election of Nadir Ahmad Al Hammadi as the company’s chairman. The board also …
Egyptian Abroad’s revenues slumped to EGP 3.53 million in Q1-19
29 July 01:35 PM Egyptians Abroad approves capital hike
Cairo- Mubasher: The extraordinary general meeting (EGM) of Egyptians Abroad for Investment and Development has approved capital increase. In its recent disclosure to the Egyptian Exchange (EGX), Egyptians Abroad affirmed that its shareholders …
Paying the dividends will be executed through reducing the compulsory reserve
28 July 05:19 PM Kuwait Foundry nods to 151 fils/shr dividend, capital cut
Mubasher: The shareholders of Kuwait Foundry approved distributing cash dividends as well as reducing the capital. The ordinary general meeting (OGM) approved the board’s recommendation of distributing KWD 10.92 million worth of cash dividend or …
No further changes have impacted the article No. (4) of the statute
23 July 11:18 AM KMEFIC to add Market Maker to firm activities
Mubasher: The shareholders of Kuwait and Middle East Financial Investment (KMEFIC) approved, during their extraordinary general meeting (EGM) on Monday, to add the Market Maker activity to the objectives the company was founded for achieving. …
The lender’s authorised capital will be raised to $1 billion
21 July 12:45 PM Faisal Islamic Bank’s shareholders nod to $500m capital hike
Cairo – Mubasher: Faisal Islamic Bank of Egypt announced that its shareholders had approved increasing the company’s authorised capital during an extraordinary general meeting (EGM). The lender’s authorised capital will be raised to $1 billion …
The board of directors has not reached a final decision regarding this matter
21 July 10:55 AM FAB proposes removal of foreign ownership limit
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB), listed on the Abu Dhabi Securities Exchange (ADX), announced that it has discussed the removal of foreign ownership limit as a proposal during its board meeting. This proposal has been tackled for …
Trading on IFA’s stock has resumed on Sunday
21 July 10:40 AM IFA to offset KWD 57m accumulated losses; trading resumes
Mubasher: The shareholders of the International Financial Advisors (IFA) approved to offset the company’s accumulated losses of KWD 57.3 million as registered on 31 March 2019. During the ordinary general meeting (OGM) on Thursday, the …
The company reported net profits of EGP 117.01 million
17 July 04:14 PM Egypt Free Shops’ board proposes EGP 99.9m dividends for FY18/19
Cairo – Mubasher: Egypt Free Shops announced that its board of directors recommended a cash dividend distribution of EGP 1.06 per share to shareholders for fiscal year 2018/2019. Total proposed dividends amounted to EGP 99.889 million for FY18/19, …
The company has also endorsed the remuneration payable to the board for the fiscal year 2018
14 July 10:06 AM Shuaa Capital approves resignation of Jassim Alseddiqi
Dubai – Mubasher: Shuaa Capital on Sunday announced the approval of Jassim Alseddiqi’s resignation from the company’s board of directors at its general assembly meeting held last Thursday. Moreover, the leading investment banking company approved …
Al Maidan achieved an increase of 9% in annual profits
10 July 12:29 PM Al Maidan Dental to pay KWD 1.75m annual dividend
Mubasher: The shareholders of Al Maidan Dental Clinic approved the board’s recommendation of distributing 7% of the capital as cash dividends for the fiscal year ended 31 March 2019. The Boursa Kuwait-listed company will pay a total of KWD 1.75 …
Revenues are expected to increase by 21.5% to EGP 20.4 billion
7 July 03:09 PM Misr Insurance Holding’s units to post EGP 4.3bn profit in FY19/20
Cairo – Mubasher: Misr Insurance Holding Company’s ordinary general meeting (OGM) has approved the estimated budget for fiscal year 2019/2020, local newspaper Akhbar El-Yom reported. Misr Insurance Holding Company’s subsidiaries are expected to …