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Management Decisions

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2 December 03:27 PM Sadr Logistics' EGM nods capital increase to SAR 175m
Riyadh – Mubasher: The extraordinary general meeting (EGM) of Sadr Logistics Company has approved a 600% capital increase by offering the right issues. The capital will rise by SAR 150 million to SAR 175 million, compared to SAR 25 million, …
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1 December 06:59 PM EGX approves Odin Investments’ capital reduction on stock split
Cairo – Mubasher: The Egyptian Exchange’s (EGX) Listing Committee gave its green light for reducing Odin Investments’ capital to EGP 101.92 million from EGP 260 million. The capital decrease comes in line with splitting the par-value stock to EGP …
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1 December 06:17 PM Aljazira Takaful’s shareholders nod to 17% capital hike
Riyadh – Mubasher: The shareholders of Aljazira Takaful Taawuni Company approved, during the extraordinary general meeting (EGM), to increase the capital by 16.86% after granting 0.1686 shares for every one owned share. The company will capitalise …
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29 November 01:30 PM Thimar reveals new company name
Riyadh – Mubasher: The shareholders of the National Agricultural Marketing Company (Thimar) gave the green light to change the company name during the extraordinary general meeting (EGM) on 12 October. The new company name will be Thimar …
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28 November 11:37 AM Ibnsina Pharma's EGM approves capital raise through bonus shares
Cairo – Mubasher: The extraordinary general meeting (EGM) of Ibnsina Pharma has approved an increase in the company's issued capital to EGP 280 million from EGP 240 million through the issuance of bonus shares. The company's issued capital is …
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25 November 11:11 AM Mobily’s board proposes 8.5% dividend distribution for 2021
Riyadh – Mubasher: The board of Etihad Etisalat Company (Mobily) has recommended a cash dividend distribution, equivalent to 8.5 % of the share par value, for fiscal year 2021. The dividend distribution stands at SAR 0.85, aggregating at a total …
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23 November 10:50 AM Salama Cooperative Insurance appoints new CEO
Riyadh – Mubasher: Salama Cooperative Insurance Company has appointed Bader Khalid Alanzi as the company's CEO effective from 1 December 2021. The company has taken this decision after obtaining no objection from the Saudi Central Bank (SAMA), …
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22 November 04:19 PM Egytrans’ board approves stock split
Cairo – Mubasher: The board of the Egyptian Transport and Commercial Services Company (Egytrans) gave the green light for splitting the par-value stock to EGP 1 per share instead of EGP 5, according to a bourse filing on Monday. Egytrans’ board …
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21 November 03:22 PM Othaim Markets’ CEO resigns; Jamal succeeds
Riyadh – Mubasher: Abdullah Al Othaim Markets Company announced that Mohsen Saqer Hussein has submitted his resignation from the CEO position due to personal reasons. The company noted that Hussein’s resignation has been effective since 17 …
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18 November 12:38 PM East Gas in process to list on Saudi market – Amiantit
Riyadh – Mubasher: East Gas Company, in which Saudi Arabian Amiantit Company owns 31% of capital, plans to list and trade shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul), Amiantit announced on Thursday upon a letter from East …
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17 November 04:07 PM Dice’s board proposes capital hike
Cairo – Mubasher: The board of Dice Sport and Casual Wear has recommended an increase of EGP 200 million in the authorised capital to EGP 500 million instead of EGP 300 million. The board also proposed to raise the issued capital by EGP 265 …
Tarek Talaat, Managing Director of MISR Cement Group
16 November 03:51 PM Misr Cement logs 211% jump in 9M profits, unveils new identity
Cairo – Mubasher: Misr Cement – Qena Group recorded an annual leap of 211% in net profits to EGP 122 million during the first nine months of 2021 from EGP 39 million in the same period last year. Net sales amounted to EGP 1.89 billion in …
Al Awadhi has more than 33 years of experience in banking
16 November 09:32 AM ADIB appoints new Group CEO
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has appointed Nasser Abdulla Al Awadhi as the new Group CEO following the approval of the Central Bank of the UAE (CBUAE). Al Awadhi will assume his role as ADIB's CEO effective from 9 January …
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15 November 03:58 PM Chemanol appoints Chairman, Vice Chairman
Riyadh – Mubasher: Methanol Chemicals Company (Chemanol) has appointed Ali Abdul Aziz Al Turki as the Chairman of the board for a three-year term. Chemanol also announced the appointment of Melfi Manahi Almarzoqi as the Vice Chairman of the …
This decision came following the formation of Arkan’s new board
14 November 04:48 PM Arkan appoints new Chairman, CEO
Abu Dhabi - Mubasher: Arkan Building Materials Company has appointed Hamad Abdulla Mohamed AlShorafa Alhammadi as the company's Chairman and Saeed Ghumran Saeed Salem Alremeithi as CEO. Arkan has also appointed Jamal Salem Obaid Salem Al Dhaheri …
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11 November 04:54 PM Alhokair turns to profits in H1-FY21/22; board proposes capital cut, raise
Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company achieved net profits after Zakat and tax worth SAR 66.6 million during the first half (H1) of fiscal year (FY) 2021/2022, against losses of SAR 633.8 million in H1-FY20/21. The earnings per share …
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10 November 06:39 PM Shaker Group amends capital cut value
Riyadh – Mubasher: The board of Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) has changed its recommendation of reducing the capital to stand at SAR 482.33 million instead of SAR 472.5 million. Shaker Group plans to cancel 14.76 million …
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9 November 05:26 PM Al Naqool’s board amends capital hike value to SAR 87m
Riyadh – Mubasher: The board of Mohammed Hasan Al Naqool Sons Company decided on 11 November to increase the capital to SAR 87 million distributed over 8.7 million shares. The potential capital raise value is compared to SAR 29 million and 2.9 …
The company had recently formed a new board
9 November 10:14 AM DFM appoints new CEO
Dubai – Mubasher: The board of Dubai Financial Market Company (DFM) has appointed Hamed Ahmed Ali as the company's new CEO. This step came after the company had recently formed a new board, chaired by Helal Saeed Al Marri, according to a recent …
Etisalat Enterprise Digital will be an extended arm of Etisalat Group
2 November 10:07 AM Etisalat appoints CEO for Etisalat Enterprise Digital
Abu Dhabi – Mubasher: Emirates Telecommunications Group (Etisalat) has appointed Salvador Anglada as CEO for Etisalat Enterprise Digital, which is in line with the group's transformation strategy. Etisalat Enterprise Digital will be an extended …
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1 November 11:31 AM Amiantit appoints Kordi as CEO
Riyadh – Mubasher: Saudi Arabian Amiantit Company has appointed Khalil bin Abdulfattah Kordi as the CEO of the company starting from 1 November 2021. Amiantit has suspended the previous appointment of Osama Jasim Al Onaize as the Acting CEO, …
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31 October 02:25 PM Natural Gas Distribution names Al Mubarak as CEO
Riyadh – Mubasher: Natural Gas Distribution Company has appointed Raed bin Mubarak Al Mubarak as the CEO of the company starting from 15 December, according to a bourse disclosure on Sunday. Al Mubarak is succeeding Abdul Rahman bin Rashid Al …
RAK Airport will benefit from Titonis' experience across aviation sectors
26 October 10:34 AM RAK Airport appoints new CEO
UAE - Mubasher: Ras Al Khaimah International Airport (RAK Airport) has appointed Atanasios Titonis as its new CEO, effective 5 September. RAK Airport will benefit from Titonis' long experience across several aviation sectors, including …
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25 October 05:12 PM Alkhorayef Water’s board nods to setting up subsidiary
Riyadh – Mubasher: The board members of Alkhorayef Water and Power Technologies Company gave the green light for establishing a new subsidiary that will be a limited liability company with Veolia Company of France. The Saudi listed firm will own …
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25 October 05:04 PM Emaar City The Economic appoints Chairman, Vice Chairman
Riyadh – Mubasher: Emaar City The Economic Company has appointed Assim Alsuhaibani as the new Chairman of the board for a three-year term. The company also announced the appointment of Jamal bin Thaniah as the Vice Chairman for the same term, …