General Assembly

22 November 04:02 PM Reem Al Bawadi not the cause of Marka’s losses – Chairman
Dubai – Mubasher: The Reem Al Bawadi acquisition is not the main cause of Marka’s continued losses, chairman Khalid bin Kalban told local media, indicating that the high-value deals Marka entered into during the previous board’s tenor was the …
The general assembly also agreed to finance the capital increase to fund the company’s motivation and reward system
11 November 01:36 PM Orascom Development OKs EGP 22.16m capital hike
Cairo – Mubasher: Orascom Development Egypt on Sunday said that its extraordinary general meeting (EGM) had agreed to raise the company’s issued and paid-up capital to EGP 1.13 billion from EGP 1.10 billion. The EGM approved an EGP 22.16 million …
Warba Bank will raise its capital to KWD 150 million
31 October 06:25 PM Warba Bank nods to 50% capital hike
Mubasher: The extraordinary general meeting (EGM) of Warba Bank approved increased the issued and paid-up capital by 50%. Warba Bank will raise its capital to KWD 150 million from KWD 100 million by adding 1.5 billion shares from 1 billion, …
Alrai has a capital standing at KWD 23.3 million
23 October 02:43 PM Alrai Media to consider delisting early November
Mubasher: Alrai Media Group will hold its ordinary general meeting (OGM) on Wednesday, 7 November, to consider the board’s recommendation of withdrawing from Boursa Kuwait. Alrai noted that no financial impact will currently reflect on the …
The tax claims will be for the three-year period from 2014 to 2017
22 October 12:52 PM Kuwait’s Munshaat tax claim reduced to SAR 411m
Mubasher: The ordinary general meeting (OGM) of Kuwait’s Munshaat Real Estate Projects has approved the tax settlement with the Saudi General Authority of Zakat and Tax (GAZT). The taxes and claims by the Saudi GAZT were reduced to SAR 411 million …
The OGM will be held on 15 November to extend the maturity date of the $100 million revolving credit facility from VEON
21 October 02:11 PM EGX resumes trading on GTH
Cairo – Mubasher: The Egyptian Exchange (EGX) has resumed trading on Global Telecom Holding’s (GTH) stock after the company revealed the invitation of the ordinary general meeting (OGM) and the extraordinary general meeting (EGM). The OGM will be …
NREC will consider converting a loan valued at KWD 31 million
18 October 05:07 PM NREC plans to convert Agility Investment's loan into equity
Mubasher: National Real Estate Company (NREC) will discuss converting the loan pledged by Agility Investment Holding into an equity, during NREC’s general assembly on 8 November, Reuters reported. The shareholders of NREC will consider converting …
NREC stock closed Thursday’s session 1.7% higher at 91.5 fils
18 October 04:58 PM NREC to consider 25% capital hike early November
Mubasher: National Real Estate (NREC) will hold its ordinary general meeting (OGM) on Thursday, 8 November, to discuss increasing its issued capital and fully pledging this raise to the creditor, Agility Investment Holding Limited. The …
Emaar Development to discuss a special dividend on Wednesday
16 October 11:32 AM Emaar Development to discuss AED 1.04bn special dividend Wednesday
Dubai – Mubasher: Emaar Development’s shareholders are set to convene on Wednesday, 17 October to discuss the distribution of a special dividend. The meeting will tackle the board’s proposal of a special dividend of 26 fils per share, representing …
The maturity date will be 7 November 2018
7 October 03:53 PM Mena Real Estate to discuss capital cut late October
Mubasher: Mena Real Estate will hold its ordinary general meeting (OGM) on Monday, 22 October, to consider the board’s recommendation of reducing the capital by about KWD 138,700 that represents the unsubscribed shares by the shareholders of …
Qatar and Turkey’s economic and business interests continue to grow stronger
7 October 10:53 AM Al Meera eyes new business opportunities in Turkey
Mubasher: Al Meera Consumer Goods Company on Sunday revealed that it was in search of new business opportunities in Turkey, enhancing bilateral relations between Qatar and Turkey. A business delegation headed by Al Meera's deputy CEO Salah Al …
DSI to continue operations
7 October 08:49 AM Loss-making DSI to continue operations
Dubai – Mubasher: Drake & Scull International (DSI) on Sunday announced that its shareholders had decided to “carry on” with the company’s operations and not to liquidate. In September, Tabarak Investment decided to raise its stake in DSI’s …
Marka cuts capital by 90%
3 October 11:55 AM Marka mulls 90% capital cut, rehike
Dubai – Mubasher: Marka on Wednesday said that its board has recommended the reduction of capital by AED 450 million. Following the reduction, the company would increase its capital by up to AED 250 million "with an option of AED 150 million to be …
Eshraq shareholders nod to 10% repurchase programme
1 October 12:58 PM Eshraq shareholders nod to 10% repurchase programme
Abu Dhabi – Mubasher: Eshraq Properties’ shareholders have approved the board’s recommendation to repurchase no more than 10% of the company’s capital with the intent to resell them. Shareholders delegated the board to carry out the necessary …
Tabreed shareholders nod to $1bn bond, sukuk issue
30 September 12:53 PM Tabreed shareholders nod to $1bn bond, sukuk issue
Dubai – Mubasher: National Central Cooling Co. (Tabreed) on Sunday said its shareholders had approved the issuance of non-convertible bonds or sukuk. The bonds or sukuk may reach up to $1 billion or its equivalent, Tabreed said in a statement to …
The EGM approved to purchase 56.25 million shares as treasury stocks at a total value of SAR 759.3 million
27 September 09:55 AM SAIB EGM nods to buy JPMorgan’s stake for SAR 759m
Riyadh – Mubasher: The Saudi Investment Bank’s (SAIB) extraordinary general meeting (EGM) has agreed to purchase JPMorgan International Finance Limited’s stake in the bank. The EGM approved to buy 56.25 million shares, accounting for 7.49% of …
The EGM approved to buy shares of shareholders negatively affected by the optional write-off
26 September 11:21 AM Orange Egypt’s EGM nods to delist from EGX
Cairo - Mubasher: The extraordinary general meeting (EGM) of Orange Egypt for Telecommunication has agreed to optionally write off the company's shares from the Egyptian Exchange (EGX). The EGM approved to buy shares of shareholders negatively …
Marakez closed Tuesday’s session at 23.4 fils
25 September 05:18 PM Marakez board approves capital hike
Mubasher: The board members of Real Estate Trade Centers (Marakez) approved the proposals requests by debtors to increase the capital by canceling the amount from the debtors’ account. Marakez board approved canceling a total of KWD 550,000 as …
The financial impact of raising the capital will be registered in Q3 financials
12 September 12:44 PM Arzan’s UAE subsidiary raises capital by $6.8m
Mubasher: Arzan Financial Group for Financing and Investment announced that its fully owned subsidiary, the Dubai-based Arzan Capital Holding, has increased its capital by KWD 2.07 million ($6.8 million). The capital hike resulted in a decline in …
Trading on Mena’s shares will resume on 17 September
12 September 10:32 AM Boursa Kuwait suspends trading on Mena Real Estate
Mubasher: Boursa Kuwait announced the suspension of trading on Mena Real Estate’s stock starting from Wednesday, 12 September, until Sunday, 16 September. The suspension of trading on Mena’s stock came as a result of the ordinary general meeting’s …
Boubyan's proposed takeover price is 766 fils per share
2 September 12:24 PM Al Kout to consider Boubyan’s takeover 5 September
Mubasher: Boursa Kuwait announced that Al Kout Industrial Projects will hold a board meeting on Wednesday, 5 September, to disclose the recommendation regarding Boubyan Petrochemical’s acquisition of the remaining shares of Al Kout, according to a …
Al Kathiri Holding EGM hikes capital, sets fluctuation price
26 August 08:48 AM Al Kathiri Holding EGM hikes capital, sets fluctuation price
Riyadh – Mubasher: Al Kathiri Holding Co. on Sunday announced that its extraordinary general meeting (EGM) has approved a capital increase by 20%. After the hike, Al Kathiri’s capital will rise to SAR 37.647 million from SAR 31.395 million, the …
KAMCO will hold its bondholders meeting on 14 August
7 August 01:21 PM KAMCO to hold meeting mid-August for KWD 40m bonds
Mubasher: KAMCO Investment will hold its meeting for the bondholders on Tuesday, 14 August to consider KWD 40 million issued bonds, according to a bourse statement on Tuesday. In case of lack of quorum, the bondholders’ meeting will be rescheduled …
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 …
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, …