General Assembly

Al Rajhi Bank will distribute SAR 1.5 per share
22 July 03:14 PM Tadawul awaits important events this week
Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week, betweem 23 and 27 July, led by the dividends distribution by Al Rajhi Bank. Al Rajhi Bank will begin on Thursday, …
The bank's capital total EGP 11.61 billion
18 July 06:42 PM CIB approves capital hike through bonus shares
By: Ahmed Allam Cairo - Mubasher: The ordinary general meeting (OGM) of the Commercial International Bank - Egypt (CIB) has approved raising the company’s capital from EGP 11.6 billion to EGP 14.52 billion. The capital hike will be funded from the …
This capital hike will boost the financial position of Al Jouf
18 July 10:32 AM Al Jouf Cement to raise capital via bonus shares
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Jouf Cement on Monday approved raising its capital through distributing bonus shares. Al Jouf Cement will distribute a share per each 10 shares to raise its capital by 10% to SAR 1.3 …
Unicap reported a growth of 26.4% in profits in FY16
16 July 05:06 PM Unicap shareholders nod to 5% bonus
Mubasher: The ordinary general meeting (OGM) of Unicap Investment and Finance approved the board’s recommendation to distribute 5% as bonus shares for fiscal year 2016. The shareholders approved distributing 1 share per each 20 as a bonus for …
The bank rose its capital to $366.83 million
16 July 10:56 AM Faisal Bank EGM approves capital hike
Cairo - Mubasher: The extraordinary general meeting (EGM) of Faisal Islamic Bank of Egypt has approved raising the bank’s capital to $366.83 million, according to a bourse filing. The bank said in a statement to the Egyptian Exchange (EGX) that …
The OGM approved raising Zima’s capital to KWD 35 million
9 July 05:03 PM Zima Holding mulls listing shares on DFM
Mubasher: Zima Holding announced its intention to list its shares on the Dubai Financial Market (DFM), according to a bourse statement issued on Sunday. On 13 June, the company’s ordinary general meeting (OGM) approved listing Zima’s shares on …
Hits Telecom posted a decline of 5.3% in losses during FY16
9 July 04:51 PM Hits Telecom to change company name
Mubasher: The ordinary general meeting (OGM) of Hits Telecom Holding approved changing the company’s name to AAN Digital Service Holding Company, according to a bourse statement issued on Sunday. The shareholders of Hits Telecom, which is listed …
The OGM appointed Bruno Mettling as the company’s chairman
9 July 01:51 PM Orange OGM accepts chairman resignation
Cairo – Mubasher: The ordinary general meeting (OGM) of Orange Egypt for Telecommunications has accepted the resignation of the company’s chairman, Atef Helmy Naguib. The OGM appointed Bruno Mettling as the company’s chairman, according to a …
BILDCO's accumulated losses reached AED 172.42 million in Q1-17
9 July 12:11 PM BILDCO nods to write off accumulated losses
Abu Dhabi – Mubasher: Abu Dhabi National Company for Building Materials (BILDCO) said its shareholders decided to use the legal reserve of the company to write off the accumulated losses until 31 March 2017, according to a bourse statement. The …
Egysacom stock stood on Wednesday at EGP 0.3
6 July 10:57 AM Egysacom postpones OGM to 24 July
Cairo - Mubasher: Egypt South Africa for Communication (Egysacom) said Thursday that it has postponed its ordinary general meeting (OGM) scheduled for 10 July to 24 July. The company said that the OGM was delayed so that the board members can …
The company’s current capital stands at KWD 98.97 million
2 July 02:05 PM NREC shareholders nod to capital hike
Kuwait – Mubasher: The ordinary general meeting (OGM) of National Real Estate (NREC) approved raising its capital to KWD 150 million, distributed on 1.5 billion shares at a nominal value of 100 fils each. The company’s current capital stands at …
A number of companies will hold their general meetings this week
1 July 04:27 PM Tadawul awaits important events this week
Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of major events in the upcoming week, between 2 and 6 July, led by the distribution of cash dividends by the National Commercial Bank (NCB). On Sunday, …
Global achieved a net profit of KWD 3.5 million
22 June 01:44 PM Global Investment to pay KWD 22.9m dividends after capital cut
Kuwait – Mubasher: The ordinary general meeting (OGM) of Global Investment House on Thursday approved distributing a total of KWD 22.9 million as cash dividends to the entitled shareholders, according to a recent statement. The dividends will be …
The OGM will discuss on 18 July raising the capital from EGP 11.6 billion to EGP 14.52 billion
20 June 10:52 AM CIB shareholders to discuss capital hike 18 July
Cairo – Mubasher: The ordinary general meeting (OGM) of the Commercial International Bank – Egypt (CIB) will discuss on 18 July raising its capital from EGP 11.6 billion to EGP 14.52 billion via distributing 1-for-4 bonus shares. The OGM will also …
The company will pay 11 fils per share
20 June 10:12 AM Qurain shareholders nod to 11% dividends
Kuwait – Mubasher: The ordinary general meeting (OGM) of Qurain Petrochemical Industries approved distributing 11% of capital as cash dividends for the fiscal year ended 31 March 2017. The company will pay 11 fils per share to the entitled …
The company will pay 40 fils per share
19 June 10:11 AM Boubyan Petrochemical to pay 40 fils/shr dividends
Kuwait – Mubasher: The ordinary general meeting (OGM) of Boubyan Petrochemical approved distributing 40% of capital as cash dividends for the fiscal year ended 30 April 2017. The company will pay 40 fils per share as dividends, according to a …
The company targets a net profit of EGP 4.8 million in FY17/18
18 June 11:57 AM General Land Reclamation OGM approves FY17/18 budget
Cairo – Mubasher: General Company for Land Reclamation, Development and Reconstruction’s ordinary general meeting (OGM) has adopted the estimated budget for fiscal year 2017/2018, according to a bourse filing. The company had earlier said that it …
The Egyptian Exchange
18 June 11:23 AM Citadel Capital OGM adopts FY16 financials
Cairo – Mubasher: Citadel Capital’s ordinary general meeting (OGM) has approved the financial statements for fiscal year 2016. Furthermore, the OGM has adopted the board's and auditor’s reports on the year ended 31 December 2016, a bourse filing …
The company’s capital will be cut from SAR 205 million to SAR 122 million
15 June 12:12 PM Wafa Insurance to cut capital to offset accumulated losses
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Indian Company for Cooperative Insurance (Wafa Insurance) approved the board’s recommendation to decrease the capital by 40.49%. The company’s capital will be cut to SAR 122 …
Napesco will raise the capital to KWD 10 million
14 June 03:12 PM Napesco OGM nods to 73.53% bonus, capital hike
Kuwait – Mubasher: The ordinary general meeting (OGM) of National Petroleum Services (Napesco) approved distributing 73.53% of capital as bonus shares for fiscal year 2016. Napesco will distribute 73.58-for-100 shares, with a total of 42.39 …
The company will raise its capital to EGP 1 billion
14 June 03:07 PM EGX approved Madinet Nasr Housing capital hike
Cairo - Mubasher: The Listing Committee of the Egyptian Exchange (EGX) has approved the capital increase of Madinet Nasr Housing and Development Company (MNHD) from EGP 500 million to EGP 1 billion. In a statement issued on Wednesday, the EGX …
The company will pay 5 fils per share as dividends
14 June 02:04 PM Kuwait Hotels to pay 5 fils/shr dividends
Kuwait – Mubasher: The ordinary general meeting (OGM) of Kuwait Hotels approved distributing 5% of capital as cash dividends for fiscal year 2016. The company will pay 5 fils per share as dividends for FY16, according to a bourse filing issued on …
MT Telecom owns a 98.92% stake in Orange
14 June 11:16 AM Orange OGM to discuss financing deal with MT Telecom 6 July
Cairo – Mubasher: Orange Egypt for Telecommunications said Wednesday that its ordinary general meeting (OGM) will discuss on 6 July the signing of a financing agreement with its major shareholder MT Telecom. Furthermore, the OGM will look into the …
Zima’s profits jumped to nearly KWD 892,230 in FY16
13 June 12:21 PM Zima Holding nods to 250% capital hike
Kuwait – Mubasher: The ordinary general meeting (OGM) of Zima Holding approved modifying the company’s name as well as listing Zima in stock markets outside Kuwait with a maximum participation of 40% of capital, according to a bourse filing issued …
The stock fell on Monday by 0.35% to EGP 5.7
13 June 11:42 AM Kima EGM approves capital hike via bonus shares
Cairo – Mubasher: Egyptian Chemical Industries’ (Kima) extraordinary general meeting (EGM) has approved a capital raise from EGP 2.8 billion to EGP 2.9 billion via distributing bonus shares. The EGM also agreed to amend articles number (6) and (7) …