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General Assembly

The capital will rise to SAR 178.16 million
23 January 11:29 AM Al Sorayai’s shareholders approve SAR 112.6m capital increase
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Al Sorayai Trading and Industrial Group (Al Sorayai) has approved an increase in the company’s capital through a priority rights issue of 11.3 million ordinary shares.  The capital will …
The new capital will reach SAR 228.5 million
23 January 10:47 AM GO’s board agrees SAR 122m capital cut to amortise losses
Riyadh – Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) recommended a capital cut by 34.8% to amortise about SAR 122 million or 67.4% of the total accumulated losses. The new capital will reach SAR 228.5 million from SAR 350.5 …
The new capital will reach AED 377.5 million
22 January 10:39 AM National Investor’s shareholders approve AED 200m capital cut
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of the National Investor Company has approved a capital cut of 34.6% or AED 200 million, which will be refunded to the shareholders. After the decrease, the new capital will reach AED 377.5 …
The new capital will total KWD 1.712 million
21 January 04:51 PM Yiaco Medical’s shareholders approve loss amortisation, capital cut
Mubasher: The shareholders of Yiaco Medical Company approved amortising the company’s accumulated losses amounting to KWD 24.007 million during its extraordinary general meeting (EGM) on Tuesday. The decision, reached by a majority vote, also …
Photo Archive
21 January 11:33 AM Ash-aharqiyah Development postpones EGM
Riyadh – Mubasher: Ash-aharqiyah Development Company announced the non-convening of its extraordinary general assembly meeting (EGM) on Monday 20 January 2020. It is worth noting that the EGM was scheduled to vote on raising the company’s capital. …
The capital increase will be made through the issuance of 4.2 billion shares
20 January 04:41 PM Kuwait Finance House’s shareholders approve capital raise to KWD 1.12bn
Mubasher: The extraordinary general meeting of Kuwait Finance House (KFH) approved to increase the authorised capital to KWD 1.118 billion. The capital increase will be made through the issuance of 4.2 billion shares at the share’s nominal value, …
Photo Archive
20 January 12:22 PM Wafa Insurance shareholders reject board’s report for FY18
Riyadh – Mubasher: Saudi Indian Company for Cooperative Insurance (Wafa Insurance) announced that its ordinary general assembly meeting (OGM) has not approved the board of directors’ and auditor reports for fiscal year (FY) 2018. Moreover, the OGM …
The new Board of Directors will serve for three years
20 January 11:59 AM Bahri appoints chairman, deputy chairman
Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) announced that its ordinary general assembly meeting (OGM) has elected a new board of directors for a three-year term starting from 16 January 2020. The board of directors has …
Capital Market Authority
16 January 05:25 PM CMA approves Tihama’s capital hike request
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Tihama Advertising and Public Relations Company’s request to increase its capital through a SAR 100 million rights issue. The increase will be limited to the shareholders who …
The potential deal will reinforce Amanat’s position as a key healthcare investment company
12 January 11:12 AM Amanat mulls acquiring stake in VPS Healthcare
Dubai – Mubasher: The Gulf’s largest healthcare and education investment company, Amanat Holdings, is currently considering a potential acquisition of a strategic stake in the Middle East operations of VPS Healthcare. The possible transaction is …
The board recommended the distribution of SAR 1.394 billion in cash dividends
9 January 05:26 PM Samba’s board recommend SAR 0.7/shr dividends
Riyadh – Mubasher: Samba Financial Group’s board of directors has recommended the distribution of SAR 1.394 billion in cash dividends for the second half (H2) of 2019. With the number of eligible shares standing at two billion shares, the …
1 March is set for the ownership of Al Aman’s shares
9 January 01:15 PM Securities House’s shareholders approve merger with Al Aman
Mubasher: The extraordinary general meeting of The Securities House approved the contract proposal for the signed merger with Al Aman Investment. Securities House, which owns 50% of Al Aman’s KWD 15 million, will be the merging company, while Al …
The company's board will implement all procedures related to the cross-listing
6 January 09:45 AM ADX-listed Eshraq Investments approves dual listing on Tadawul
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Eshraq Investments, listed on the Abu Dhabi Securities Exchange (ADX), approved the cross-listing of the company’s shares on the Saudi Stock Exchange (Tadawul) during its meeting on …
The anticipated contract's period has been increased by three years
5 January 01:13 PM Heliopolis Housing extends strategic investor’s contract
Cairo – Mubasher: Heliopolis Company for Housing and Development (HHD) has decided to extend the period of its anticipated strategic partnership contract with an investor to manage the company from seven to ten years. The decision came in response …
Photo Credit: Arabianeye-Reuters
5 January 11:34 AM National Investor’s shareholders mull AED 200m capital cut
Abu Dhabi – Mubasher: The National Investor Company announced that its shareholders will assemble for an ordinary general meeting (OGM) on 21 January 2020 to discuss the recommended capital cut through cancelling 200 million shares at a value of …
689,212 commuters used taxi services in Dubai
2 January 10:57 AM Dubai’s public transport carries 2.1m riders on New Year’s Eve
UAE – Mubasher: A total of 2,126,417 people used public transportation in Dubai during the celebration of New Year's 2020, up 3.6% from the corresponding period last year, Dubai’s Roads and Transport Authority (RTA) announced. Dubai metro in its …
Trading the company's stock will resume on Sunday 5 January
1 January 11:51 AM Trading Anaam shares suspended for 2 days
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced that the fluctuation limits for the stock of Anaam International Holding Group will be based on a share price of SAR 166. Trading the stock will be suspended for two business days, …
The capital hike will take place through the issuance of 25 million shares
1 January 10:57 AM Saudi Cable approves SAR 250m capital hike
Riyadh – Mubasher: Shareholders of the Saudi Cable Company has approved on Tuesday raising the company’s capital by SAR 250 million through a rights issue. The company’s extraordinary general assembly meeting (EGM) approved the board’s …
Each share will be subdivided into five shares
31 December 2019 04:34 PM Prime Holding’s shareholders approve share split
Cairo – Mubasher: Prime Holding announced that its extraordinary general meeting (EGM) approved a five-for-one share split.   Each share with a value of EGP 5 will be subdivided into five shares with a value of EGP 1 each, the company said in …
Alafco reported a net profit of KWD 17.7 million in twelve months
31 December 2019 04:05 PM Alafco’s shareholders approve 8 fils/shr dividend
Mubasher: Alafco Aviation Lease and Finance Company announced that its ordinary general meeting (OGM) approved a cash dividend distribution of 8 fils per share, totalling KWD 7.62 million, for the fiscal year ended 30 September.   The dividends …
Naeem Holding owns 47.61% or 50.55 million shares in Reacap.
31 December 2019 01:32 PM Reacap shareholders nod to Naeem Consulting Services’ takeover
Cairo – Mubasher: The ordinary general meeting (OGM) of Reacap Financial Investments consented to purchase the entire stake of Naeem Holding for Investments in Naeem Consulting Services which represents 98%.  The OGM approved the deal’s …
GFH is a Bahrain-based company listed on 3 markets
29 December 2019 05:03 PM GFH shareholders nod to $500m Sukuk issue
Mubasher: The shareholders of GFH Financial Group approved the board’s proposal to issue Sukuk of up to $500 million in one or more issuances. During the ordinary general meeting (OGM) on Sunday, 29 December, the shareholders also approved to …
The company’s authorised capital will be increased to EGP 1.5 billion
26 December 2019 11:52 AM Heliopolis Housing’s shareholders approve cash dividends, bonus issue
Cairo – Mubasher: Heliopolis Company for Housing and Development announced that its ordinary general meeting (OGM) approved a cash dividend distribution of EGP 44.5 million. The first dividend distribution amounts to EGP 5 million, while the …
The increase in net loss is due to an increase in depreciation and amortization expenses
26 December 2019 11:31 AM GO losses up 46% in Q3
Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) has reported a 45.7% year-on-year (YoY) increase in net losses to SAR 31.86 million during the third quarter (Q3) of 2019, as shown by the company’s interim financial results. The …
President of Emirates Airlines, Tim Clark
25 December 2019 11:44 AM Emirates Airways’ president to retire in 2020
Dubai – Mubasher: The president of Emirates Airlines, Sir Tim Clark, will retire by the end of June 2020 after more than 30 years in the company, Reuters reported.    In an internal memo to staff, the airline’s chairman, Sheikh Ahmed Bin Saeed Al …