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General Assembly

The general assembly also approved the board’s and audit’s reports on 2018 business.
24 June 12:24 PM Kingdom Holding to pay 5% cash dividends for FY18
Riyadh – Mubasher: The shareholders of Kingdom Holding Company (KHC) approved distributing 5% cash dividends for full-year 2018 during a general assembly meeting held on  Sunday, 23 June. The global investment firm owned by Saudi Arabian …
Development Works Food Co's EGM should be held within six months
23 June 05:49 PM CMA nods for Saudi DWF to raise capital to SAR 25m
​​Riyadh – Mubasher: Development Works Food Co (DWF) received an approval from the Saudi Capital Market (CMA) to increase the capital to SAR 25 million from SAR 12.5 million. This capital hike will be executed by distributing a bonus share for …
The capital increase amount is valued at SAR 196.79 million
23 June 05:25 PM Advanced Petrochemical to raise capital by SAR 196m
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has issued its approval for Advanced Petrochemical Co’s request to raise the capital through distributing bonus shares. Advanced Petrochemical will increase the capital to SAR 2.164 …
Shareholders have agreed the replacement of two projects
23 June 02:50 PM Tabuk Agricultural to replace 2 projects
Riyadh – Mubasher: The general assembly of Tabuk Agricultural Development Company has approved the financials and audited report for the fiscal year ended 31 December 2018, during the meeting held on 20 June. Meanwhile, the assembly did not …
Raya Holding's net losses reached EGP 26.2 million in Q1-19
23 June 01:51 PM Raya Holding’s shareholders approve dividends for Q1-19
Cairo – Mubasher: Raya Holding for Financial Investment’s ordinary general meeting (OGM) approved to distribute a cash dividend of EGP 0.24 per share for the first quarter of 2019. The OGM also approved the resignation of board member Khaled Salah …
Arabian Pipes will use a total of SAR 70.8 million of reserve to offset losses of FY18
23 June 01:20 PM Arabian Pipes to use SAR 71m of reserves to offset losses
Riyadh – Mubasher: Shareholders of Arabian Pipes Company have approved the board’s recommendation to use an amount of SAR 70.8 million of reserves to offset its accumulated losses for the full-year 2018 during the meeting held on 20 June. The …
The assembly has approved the financials of 2018
23 June 12:46 PM Dar Alarkan not to pay dividends for FY18
Riyadh – Mubasher: The general assembly of Dar Alarkan Real Estate Development Company (Dar Alarkan) approved that board’s proposal of not paying cash dividends for the full-year 2018 during the meeting held on 20 June. The assembly has also …
This decision was made by the shareholders of the company
19 June 12:14 PM Sanad Holding to change tradename on 25 June
Mubasher: Sanad Holding Co will change the company’s name to become Al Bareeq Holding Co. The new tradename will come into effect on 25 June 2019, according to a bourse statement on Wednesday. Sanad clarified that this decision was made by the …
Raydan was listed on the Parallel Market (Nomu) in 2017
19 June 11:29 AM Raydan’s shareholders nod to new firm name
Riyadh – Mubasher: The shareholders of Raydan Restaurants and Cuisines Company approved, during their extraordinary general meeting (EGM) on Tuesday, to change the company’s commercial name. Raydan Restaurants and Cuisines Company will be changed …
BCI appointed Abdulla Muhanna Abdul Aziz  as the new chairman
18 June 02:21 PM Basic Chemical elects new board members
Riyadh – Mubasher: The general assembly of Basic Chemical Industries Company (BCI) has elected a new board of directors for the coming three years during its meeting held Thursday, 23 May. The assembly appointed Abdulla Muhanna Abdul Aziz Al …
Al Akaria’s assembly has approved the financials of FY18
18 June 10:25 AM Al Akaria not to distribute dividends for FY18
Riyadh – Mubasher: The general assembly of the Saudi Real Estate Company (Al Akaria) has approved the board’s recommendation of not distributing cash dividend for the full-year 2018. The assembly has also approved the financials of the year ended …
The board also agreed to hire Abdallah Al Matrooshi as a member to the audit committee
17 June 12:08 PM DSI appoints new CEO
Dubai – Mubasher: Drake & Scull International (DSI) on Monday announced its board of directors approved to appoint Shafiq Abdelhamid as the company’s new CEO, replacing the resigned chairman. Upon this decision, all necessary powers will be handed …
Losses before taxes stood at EGP 16.31 million
16 June 04:00 PM Memphis Pharmaceutical’s losses drop 57% in 11M
Cairo – Mubasher: Memphis Pharmaceutical and Chemical Industries reported a 56.6% year-on-year retreat in its losses during the first 11 months of fiscal year 2018/2019, the company’s board of directors said. The pharmaceuticals firm’s losses …
Amar incurred a loss of nearly KWD 945,210 in FY18
16 June 02:46 PM Amar for Finance’s shareholders reject delisting
Mubasher: The shareholders of Amar for Finance and Leasing declined, during the ordinary general meeting on 13 June, the board’s recommendation to voluntarily withdraw from Boursa Kuwait. The rejection of delisting the company’s shares from Boursa …
The board recommend distributing 0.47 bonus share for every share held
13 June 12:43 PM CI Capital’s board proposes EGP 255.8m capital hike via bonus
Cairo – Mubasher: CI Capital Holding announced that its board of directors recommended raising the company’s issued and paid-up capital to EGP 800 million from EGP 544.18 million. The Cairo-based diversified financial services group's board …
The Egyptian bank’s capital will be raised to EGP 50 billion
13 June 11:41 AM CIB’s shareholders nod to EGP 30bn capital hike
Cairo – Mubasher: The extraordinary general meeting (EGM) of Commercial International Bank (CIB) has approved increasing the lender’s authorised capital by EGP 30 billion. The Egyptian bank’s capital will be raised to EGP 50 billion from EGP 20 …
Sadafco posted a decrease of 17% in full-year profits
12 June 10:40 AM Sadafco’s shareholders nod to H2-19 dividends
Riyadh – Mubasher: The shareholders of Saudia Dairy and Foodstuff Co (Sadafco) approved distributing SAR 2 per share as a cash dividend for the second half that ended 30 March 2019. Sadafco will announce the date of distributing the dividends to …
Al-Dorra’s capital will be decreased to KWD 25.6 million
11 June 07:51 PM Al Dorra Petroleum’s shareholders approve capital decrease
Mubasher: The general assembly of Al-Dorra Petroleum Services has approved the reduction of its capital and the amortisation of KWD 2.9 million accumulated loss. The company will amortise accumulated loss through KWD 236,793 legal provision and …
Yanbu will pay SAR 78.75 million to its shareholders
11 June 01:27 PM Yanbu shareholders approve SAR 0.5/shr dividends for H2-18
Riyadh – Mubasher: Yanbu Cement Company’s shareholders approved distributing cash dividends worth SAR 0.5 per share for the second half of 2018 during a general assembly meeting.  The Saudi-based firm will pay SAR 78.75 million to its shareholders …
The company's board approved the financial statements for FY18
10 June 11:20 AM Solidarity transfers SAR 3.7m to retained earnings
Riyadh – Mubasher: Solidarity Saudi Takaful Company’s (Solidarity) shareholders approved transferring SAR 3.69 million, resulting from capital cut in 2017, from other reserves account to retained earnings account during an extraordinary general …
The general assembly has approved to amend the company’s name to ‘Manazel PJSC’
9 June 09:45 AM Manazel Real Estate approves name change
Abu Dhabi – Mubasher: Manazel Real Estate, listed on the Abu Dhabi Securities Exchange (ADX), has decided not to distribute dividends for 2018 to shareholders during its general assembly meeting held last week. The general assembly has also …
The dividends will be distributed on 27 June
4 June 10:20 AM National Investments to pay 8 fils/shr dividends for FY18
Mubasher: National Investments’ ordinary general meeting (OGM) approved to distribute 8 fils per share as cash dividends to shareholders for the full-year 2018 after offering treasury shares. Dividends represent 8% of the company’s capital, …
Heliopolis Housing aims to achieve net profit of EGP 1.12 billion in FY19/20
2 June 12:48 PM Heliopolis Housing’s shareholders approve FY19/20 estimated budget
Cairo – Mubasher: The shareholders of Heliopolis Company for Housing and Development approved the company’s estimated budget scheme for fiscal year 2019/2020, during an ordinary general meeting (OGM). The real estate firm aims to achieve a net …
The reduction will be implemented through the use of voluntary reserve of KWD 3.8 million
2 June 11:06 AM Al Massaleh to trim KWD 12m accumulated losses
Mubasher: The annual general meeting (AGM) of Al Massaleh Real Estate has approved the board’s proposal of cutting the company’s accumulated losses of KWD 17.3 million by KWD 12 million, according to a statement to Boursa Kuwait on Sunday. The …
The company will pay FY dividends on 30 June
30 May 02:39 PM Qurain Petrochemical nods to 16% annual dividend
Mubasher: The shareholders of Qurain Petrochemical Industries approved during the ordinary general meeting (OGM) on Thursday to distribute 16% of the capital as a cash dividend for fiscal year ended on 31 March 2019. Qurain Petrochemical will pay …