General Assembly

Sultan Center will raise its capital to KWD 82.88 million
19 July 01:43 PM Sultan Center nods to capital hike, convertible bonds
Mubasher: The ordinary general meeting (OGM) of Sultan Center Food approved an increase of KWD 25 million in its authorised capital. Sultan Center will raise its capital to KWD 82.88 million from KWD 57.88 million, according to a bourse statement …
Global will have adequate capital and liquidity to fund its core fee business
11 July 01:13 PM Kuwait’s Global proposes KWD 7.5m dividends by capital cut
Mubasher: Global Investment House on Wednesday announced that its board of directors had recommended distributing a cash dividend of KWD 7.5 million to shareholders through capital reduction during a meeting held in the previous day. Global noted …
Agility owns a stake of 66.5% in Metal an Recycling
3 July 04:21 PM Metal and Recycling to consider capital increase late July
Mubasher: Metal and Recycling will hold its extraordinary general meeting (EGM) on 30 July to discuss raising its capital to KWD 20 million from KWD 10 million. The capital hike represents a 100% increase at a par value of 100 fils per share, …
Sultan may issue convertible bonds valued at a maximum of KWD 15 million
3 July 03:19 PM Sultan Center to consider KWD 25m capital hike late July
Mubasher: Sultan Center Food on Tuesday announced that the extraordinary general meeting (EGM) has been rescheduled to Wednesday, 18 July, due to lack of quorum during a meeting held the previous day.  The shareholders will discuss increasing the …
The OGM has approved a dividend distribution of EGP 534.5m and EGP 59.3m for shareholders and employees, respectively
2 July 11:29 AM Al Ezz Dekheila Steel OGM nods to EGP40/shr coupon distribution
Cairo – Mubasher: The ordinary general meeting (OGM) of Al Ezz Dekheila Steel - Alexandria has agreed to pay an EGP 40 per share coupon to shareholders for the first quarter of 2018. The OGM has approved a dividend distribution of EGP 534.5 …
Qurain Petrochemical has a capital of KWD 109.92 million
1 July 02:27 PM Qurain Petrochemical to distribute 14% dividends
Mubasher: The extraordinary general meeting (EGM) of Qurain Petrochemical Industries approved to distribute 14% of the capital as cash dividends for the fiscal year ended on 31 March. The Boursa Kuwait-listed company will pay 14 fils per share as …
Al Safwa Mubasher elects new board members
26 June 12:25 PM Al Safwa Mubasher elects new board members
Dubai – Mubasher: Al Safwa Mubasher on Tuesday announced changes to its board of directors and articles of association following an ordinary general meeting (OGM) held the previous day. The Dubai-listed company decided to amend its articles of …
SAIB to offer JP Morgan’s repurchased stake to shareholders in 18 months
25 June 02:08 PM SAIB to offer JP Morgan’s repurchased stake to shareholders in 18M
Riyadh – Mubasher: The Saudi Investment Bank (SAIB) is planning to offer the stake it reacquired from J.P. Morgan International Finance Limited to current shareholders within an 18-month period, CEO Musaed Al Mineefi revealed. The bank’s …
The OGM has agreed to sell 8.4 million shares, or 84.62%, of Tamweel Real Estate Development
25 June 11:56 AM Orascom Development OGM nods to stake sale in Tamweel Group
Cairo – Mubasher: The ordinary general meeting (OGM) of Orascom Development Egypt has approved the sale of its stake in Tamweel subsidiaries at a value of EGP 305.3 million. The OGM has agreed to sell 8.4 million shares, or 84.62%, of Tamweel Real …
The shareholders will consider shrinking the capital by KWD 10.33 million
25 June 10:41 AM GIH to consider capital hike 10 July
Mubasher: Gulf Investment House (GIH) will hold its ordinary general meeting (OGM) on 10 July to discuss offsetting part of its accumulated losses as registered on 31 December 2017 through the legal reserve of nearly KWD 343,090. The shareholders …
Amlak Capital will officially announce the listing during the coming OGM
24 June 01:49 PM Amlak Capital mulls listing on Boursa Kuwait
Mubasher: Amlak Capital Holding will sign a contract with Boursa Kuwait in July to list its shares on the stock exchange, well-informed sources told Al Seyassah Newspaper. Amlak Capital will officially announce the listing during the coming …
Pioneers Holding EGM OKs EGP 1.08bn capital hike
13 June 01:33 PM Pioneers Holding EGM OKs EGP 1.08bn capital hike
Cairo – Mubasher: The extraordinary general meeting (EGM) of Pioneers Holding Company for Financial Investment has agreed to raise the company’s issued and paid-up capital to EGP 4.68 billion from EGP 3.6 billion. The EGM has approved a capital …
KABO EGM nods to EGP 507.3m capital increase
13 June 12:54 PM KABO EGM nods to EGP 100m capital top-up
Cairo – Mubasher: The extraordinary general meeting (EGM) of El Nasr Clothing and Textiles (KABO) has agreed to boost issued capital to EGP 507.38 million from EGP 407.3 million The EGM has approved a capital raise of EGP 100 million through …
The EGM has approved a capital increase of EGP 45 million
13 June 12:28 PM Spinalex EGM nods to EGP 45m capital hike
Cairo – Mubasher: The extraordinary general meeting (EGM) of Alexandria Spinning and Weaving (Spinalex) has agreed to raise issued and paid-up capital to EGP 641.4 million from EGP 596.4 million. The EGM has approved a capital increase of EGP 45 …
The EGM also agreed on raising the private ownership to 1%
11 June 10:51 AM Qatar Fuel raises foreign ownership limit to 49%
Mubasher: Qatar Fuel (Woqod) on Monday announced that its extraordinary general assembly (EGM) has approved increasing non-Qatari ownership limit to 49% of the issued share capital instead of 25%. The EGM also agreed on raising the private …