Management Decisions

Americana’s board members have recommended paying 615 fils per share
25 May 02:54 PM Americana considers amending dividends maturity date
Kuwait – Mubasher: Kuwait Food – Americana on Thursday announced that it will amend the board’s recommendation of distributing dividends on the entitled shareholders. The amendments follow the new trading rules recently set by Boursa Kuwait and …
(Photo Credit: Company website)
25 May 10:10 AM Saudi Re proposes capital cut
Riyadh – Mubasher: The board of Saudi Re for Cooperative Reinsurance recommended a capital reduction by 19.6%. The capital cut aims to restructure the capital, offset accumulated losses, and support the firm’s future growth, according to a bourse …
(Photo Credit: Arabianeye-Reuters)
24 May 09:51 AM Vodafone Qatar to hold AGM 12 June
Doha – Mubasher: Vodafone Qatar’s annual general meeting (AGM) will be held on 12 June 2017, the company stated on Wednesday. In case of incomplete quorum, it will be held on 14 June, according to a filing to the Qatar Stock Exchange (QSE). The …
Photo Credit: Arabianeye-Reuters
23 May 01:20 PM Orascom Construction reappoints CEO
Cairo – Mubasher: The ordinary general meeting (OGM) of Orascom Construction approved extending the contract of appointing Osama Anwar Bishai as the company’s CEO. The company’s shareholders also re-elected Khaled Bichara and Moustafa AbdulWadoud …
Photo Credit: Arabianeye-Reuters
22 May 04:29 PM Walaa changes company name
Riyadh – Mubasher: Saudi United Cooperative Insurance Company (Walaa) announced that it has changed its name, following the board’s recommendation and the shareholders’ approval. The company’s new name will be Walaa Cooperative Insurance Company, …
Photo credit: Arabianeye-Reuters
22 May 09:19 AM Waha Capital unit exits stake in PHD
Abu Dhabi – Mubasher: Waha Capital said that its subsidiary, Anglo Arabian Healthcare, has signed the final documents to sell its entire stake in a PHD Laboratories unit to Al Borg Medical Laboratories. The deal will be sealed in three months, …
Photo Credit: Arabianeye-Reuters
21 May 08:30 PM Inovest launches new identity
Mubasher: Inovest has revealed its new commercial identity in a press conference that was held at the Bahrain Financial Harbour on Sunday, according to Bahrain News Agency (BNA). The new design reflects the company’s plans for future expansion in …
(Photo Credit: Abu Dhabi Housing Authority website)
21 May 03:42 PM Abu Dhabi Housing to deliver 2 projects by end-2017
Abu Dhabi – Mubasher: Abu Dhabi Housing Authority on Sunday announced its intention to deliver the two projects of Ain Al Fayda and Jebel Hafeet in the third and fourth quarters of 2017, according to its official Twitter account. The Ain Al Fayda …
(Photo Credit: Company website)
21 May 03:04 PM Dana Gas to discuss dues, sukuk restructure 24 May
Abu Dhabi – Mubasher: Dana Gas’ board of directors will hold a meeting on 24 May in Sharjah to discuss the settlement of Egypt’s and Iraqi Kurdistan’s dues. The company will also discuss its operations in Egypt, the UAE, and Iraqi Kurdistan. Dana …
(Photo archive)
21 May 02:20 PM Amana hires new CEO
Riyadh – Mubasher: Amana Cooperative Insurance’s board approved appointing Sulaiman Mahmoud Hilal as the CEO of the company as of Sunday, 21 May. The company highlighted that the new CEO holds a bachelor degree in business administration from King …
Photo Credit: Arabianeye-Reuters
21 May 01:56 PM Eshraq to elect new board members early June
Abu Dhabi – Mubasher: Eshraq Properties will hold its ordinary general meeting (OGM) on 8 June to elect three new board members. The new members will remain until the current board’s management time ends, according to a bourse statement issued on …
(Photo Credit: Arabianeye-Reuters)
18 May 04:26 PM Qatar Emir names new QCB governor
Doha – Mubasher: The Qatar Central Bank (QCB) on Thursday said that the country’s Emir Tamim bin Hamad Al-Thani issued Decree no. 14 of 2017 to form a new board and appointed Abdullah Saoud Al-Thani as the QCB governor. The new board will commence …
(Photo Credit: Arabianeye-Reuters)
18 May 02:56 PM Ezdan, Ethiopia ink MoU for realty projects
Doha – Mubahser: Ezdan Holding Group on Thursday announced signing a memorandum of understanding (MoU) with Ethiopian officials to start working on and establishing a multi-purpose real estate project in the Ethiopian capital, Addis Ababa. …
Photo Credit: Arabianeye-Reuters
18 May 02:22 PM MENA Real Estate to raise capital on takeover
Kuwait – Mubasher: The board of MENA Real Estate Company approved the company stock evaluation reports, as well as Rasmal Holding Co’s, including the reports on raising MENA’s capital and assets in case of acquiring 100% of Rasmal’s shares. MENA …
(Photo Credit: Company website)
18 May 12:09 PM SASCO reschedules SAR 45m facility agreements
Riyadh – Mubasher: The Saudi Automotive Services Company (SASCO) on Thursday announced rescheduling its Sharia-compliant facility agreements with Banque Saudi Fransi (BSF), according to a bourse filing. The rescheduled amount stood at SAR 44.95 …
(Photo Credit: Arabianeye-Reuters)
17 May 11:20 AM United Insurance to prolong capital hike subscription period
Abu Dhabi – Mubasher: United Insurance Company received the approval of the Securities and Commodities Authority to extend the trading period on the subscription rights in its capital increase shares, according to a press release on Wednesday. The …
(Photo Credit: Arabianeye-Reuters)
17 May 10:53 AM Oman’s ORIX initially approves National Finance offer
Mubasher: National Finance on Wednesday reported that it received a preliminary approval from Oman ORIX Leasing about its previously proposed cash buyout offer. ORIX’s response came after the approvals of the shareholders of the two companies and …
(Photo Credit: Arabianeye-Reuters)
17 May 10:49 AM QIB prices 5-year RegS sukuk
Doha – Mubasher: Qatar Islamic Bank (QIB) on Wednesday announced pricing a $750 million, five-year RegS sukuk, issued at par with an annual profit rate of 3.251% (payable semi-annually). The issue of these sukuk will stand for a spread of 135 …
Photo Credit: Arabianeye-Reuters
16 May 02:04 PM National Investments to consider trimming losses
Kuwait – Mubasher: National Investments Co will hold its ordinary general meeting (OGM) on 1 June to discuss the board’s recommendation of offsetting the accumulated losses and cash dividends for fiscal year 2016. The shareholders will overview …
(Photo Credit: Company website)
16 May 12:14 PM Saudi Aramco makes new appointments ahead of IPO
Riyadh – Mubasher: Saudi Aramco, the largest oil firm in the world, has announced appointing Abdulaziz Al Judaimi as senior deputy chairman for downstream operations, Bloomberg reported. The company also appointed eight executives as it seeks to …
(Photo credit: Mubasher’s Photo archive)
16 May 11:50 AM Damac to launch new project in Qatar
Dubai – Mubasher: Damac Properties announced its intention to establish a new, AED  500 million real estate project in Qatar’s capital, Doha, Alkhaleej newspaper reported, citing the company’s chairman Hussain Sajwani. The company started …
Photo Credit: Arabianeye-Reuters
16 May 11:46 AM Americana to consider delisting early June
Kuwait – Mubasher: Kuwait Food – Americana will hold its ordinary general meeting (OGM) on 5 June to discuss an optional withdrawal from Boursa Kuwait, as well as distributing cash dividends for fiscal year 2016. The company will pay 615% of …
(Photo Credit: Company website)
16 May 11:29 AM Al Meera to offer products at cost price for Ramadan
Doha – Mubasher: Al Meera Consumer Goods Company on Tuesday started its Ramadan campaign by offering 1,438 of its consumer goods at cost price in 35 of its stores in Qatar, as well as Géant Hypermarket. The company is also participating in the …
(Photo Credit: Company website)
15 May 04:57 PM KCPC OKs 5 fils/shr dividends for FY16
Kuwait – Mubasher: Kuwait Company for Process Plant Construction and Contracting’s shareholders approved the distribution of 5 fils per share as cash dividends, representing 5% of the par value, for fiscal year 2016. The company’s profits dropped …
(Photo Credit: Arabianeye-Reuters)
15 May 03:28 PM Qatar Petroleum to sell 3 oil cargoes in July
Doha – Mubasher: Qatar Petroleum (QP) on Monday announced its intentions to sell Al-Shaheen crude oil through a joint venture (JV) with French oil company Total starting July 2017, Reuters reported, citing a document it obtained. The three cargoes …