Tawasul
Mubasher TV
Contact Us Advertising   العربية

Stocks News

The basic and diluted losses per share settled at KWD 2.86 last year
28 April 11:56 AM Ekttitab Holding records 101% higher losses in 2020
Mubasher: The net losses of Ekttitab Holding hiked by 101% to KWD 911,256 in 2020, compared to KWD 452,523 in 2019. Higher net losses are driven by provisions for expected credit losses, according to a bourse filing on Wednesday. The basic and …
The basic EPS settled at 0.07 fils in Q1-21
27 April 12:43 PM Al Mazaya Holding turns to profitability in Q1-21
Mubasher: Al Mazaya Holding has reported KWD 41,649 net profits attributable to the shareholders of the parent company during the first quarter (Q1) of 2021, against net losses of KWD 3.46 million in the year-ago period, according to the company's …
Agility will become the second largest shareholder in DSV
27 April 11:32 AM Agility to sell global integrated logistics to Danish firm for $4.1bn
Mubasher: The board of Agility Public Warehousing has approved to sign an agreement with Denmark-based DSV Panalpina to sell its global integrated logistics business for an equity value of $4.1 billion (KWD 1.2 billion). Under the agreement, DSV …
The capital will be reduced to KWD 62.956 million
26 April 11:12 AM Al Mazaya's EGM approves 8.5% capital cut
Mubasher: The extraordinary general meeting (EGM) of Al Mazaya Holding has approved to decrease the capital at a nominal value of treasury shares, amounting to KWD 5.872 million, by 8.53%. The capital will be reduced to KWD 62.956 million from …
Roebuck acquired the property in May 2017
25 April 10:14 AM GFH's unit sells UK-based logistics centre for $123m
Mubasher: The UK-based Roebuck Asset Management, the subsidiary of GFH Financial Group, has completed an off-market sale of Accolade Park, a prime logistics centre in the UK, to Tritax Big Box REIT in exchange for $123 million.  Spanning over an …
The termination of the agreements will be effective from 23 May
22 April 11:26 AM GFH terminates market making, liquidity provider agreement with SICO
Mubasher: GFH Financial Group has announced the termination of the market making and Liquidity Provision agreements with SICO for GFH’s shares on Bahrain Bourse and Dubai Financial Market (DFM). The termination of the agreements will be effective …
Board says greater returns can be achieved from the current growth strategy
15 April 11:11 AM UAE's Tristar Transport to withdraw from planned IPO on DFM
Mubasher: The board and shareholders of the UAE-based Tristar Transport, a 65.12%-owned subsidiary of Agility Public Warehousing, have decided to withdraw from the planned initial public offerings (IPO) on the Dubai Financial Market (DFM). This …
The cash dividends stand at 10 fils per share
15 April 10:07 AM Agility's board proposes 10% dividends for 2020
Mubasher: The board of Agility Public Warehousing has recommended distributing cash dividends, equivalent to 10% of the share's nominal value for 2020. After deducting treasury shares, the cash dividends stand at 10 fils per share, according to a …
The company’s issued and paid-up capital will be increased by $25.61 million
14 April 11:12 AM EGX approves listing Egypt Kuwait Holding’s capital raise shares
Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved the listing of Egypt Kuwait Holding’s (EKH) capital raise shares. The company’s issued and paid-up capital will be increased by $25.61 million to $281.72 million from …
The company's income reached KWD 19.66 million in 2020
14 April 10:32 AM IFA turns to profitability in 2020
Mubasher: International Financial Advisors (IFA) has achieved KWD 8.229 million net profits attributable to the shareholders of the parent company in 2020, against net losses of KWD 18.4 million in 2019. The company's income reached KWD 19.66 …
Musanada has offered the lowest bids in a tender
12 April 01:34 PM CGC's unit in UAE offers lowest bid in KWD 16m tender
Mubasher: Abu Dhabi General Services (Musanada), a subsidiary of Combined Group Contracting (CGC), has offered the lowest bids in a tender for the infrastructure construction of Al Mirfa Industrial Area in Abu Dhabi, with a total value of …
The shareholders also agreed on paying bonus shares
6 April 03:58 PM GFH's OGM approves $42m cash dividend, bonus share distribution
Mubasher: The ordinary general meeting (OGM) of GFH Financial Group has approved a cash dividend and bonus share distribution of $42 million. The cash dividend payout for all ordinary shares stands at 1.86% of the share nominal value or $0.0049, …
The IPO will include 199 million new shares issued by Tristar
4 April 03:46 PM Dubai's Tristar Transport sets IPO price range
Mubasher: The Dubai-headquartered logistics firm Tristar Transport, a 65.12% subsidiary of Agility Public Warehousing, has set a price range for its planned initial public offering (IPO) on the Dubai Financial Market (DFM) at AED 2.20 to AED 2.70 …
The maximum value of the approved investment amounts to $3m
4 April 10:23 AM IFA's unit to invest in Islamic insurance company in Pakistan
Mubasher: The board of First Takaful Insurance Company, a 53.447%-owned subsidiary of International Financial Advisors (IFA), has approved to enter into a new investment in an Islamic insurance company, under establishment in Pakistan. The maximum …
Egypt Kuwait Holding achieved net profits of $116.296 million in 2020
31 March 12:55 PM Egypt Kuwait Holding to change trading currency of EGX-listed shares
Cairo – Mubasher: The extraordinary general meeting (EGM) of Egypt Kuwait Holding (EKH) approved the board’s proposal to change the trading currency of listed shares on the Egyptian Exchange (EGX) to the Egyptian pound for willing shareholders. …
The transaction is expected to close in Q2-2021
31 March 10:31 AM Ooredoo's unit inks $750m sale, leaseback deal for telecom towers in Indonesia
Mubasher: The Indonesian operating company PT Indosat Tbk, a subsidiary of National Mobile Telecommunications Company (Ooredoo), has entered into a $750 million sale and leaseback agreement with PT EPID Menara AssetCo for over 4,200 …
The agreement will not have an impact on the company's financial position
31 March 09:57 AM Al Mazaya's board approves KWD 24m facility agreement with Kuwaiti bank
Mubasher: The board of Al Mazaya Holding has approved to sign a facility agreement worth KWD 24.488 million with a Kuwaiti bank to restructure the original outstanding facility of KWD 22.7 million. The first payment is due upon signing the final …
The company's revenues declined to KWD 2.237m
30 March 10:20 AM National International Holding turns to losses in 2020
Mubasher: National International Holding Company, listed on Boursa Kuwait and Dubai Financial Market (DFM), logged net losses attributable to the shareholders of the parent company of KWD 3.71 million in 2020, against net profits of KWD 1.748 …
The board recommended a bonus issue of 5% of the company’s capital
28 March 12:36 PM National Industries swings to loss in 2020; bonus issue proposed
Mubasher: National Industries Group Holding, listed on the Dubai Financial Market (DFM) and Boursa Kuwait, turned to net losses of KWD 52.21 million in 2020 ($173.17 million), versus net profits of KWD 46.35 million ($153.76 million) in 2019. The …
Photo Archive
24 March 04:30 PM GFH inks agreement with Bahrain Bourse, CBB to join Murabaha service
Mubasher: GFH Financial Group has entered into an agreement with Bahrain Bourse (BHB) and the Central Bank of Bahrain (CBB) to provide its clients with the Murabaha service. Launched by BHB in May 2020, the Murabaha service will be offered through …
Egypt Kuwait Holding achieved net profits of $116.296 million in 2020
24 March 01:58 PM Egypt Kuwait Holding plans $300m investments in two years
Cairo – Mubasher: Egypt Kuwait Holding (EKH) is planning to invest $300 million in 2021 and 2022, which would bring the total value of its investments to $1.9 billion, the Managing Director, Sherif El-Zayat, said. The planned investments include …
Photo Archive
24 March 01:08 PM CITC approves merging Zain KSA, Mobily telecom towers under new entity
Riyadh - Mubasher: Mobile Telecommunications Company Saudi Arabia (Zain KSA) has received in-principle approval from the board of Communications and Information Technology Commission (CITC) on the application submitted by Zain KSA, Etihad Etisalat …
The company raised its direct stake in AlexFert to 17.04%
24 March 12:40 PM Egypt Kuwait Holding concludes two purchase deals worth $50m
Cairo – Mubasher: Egypt Kuwait Holding (EKH) has raised its direct and indirect shareholding in Alexandria Fertilizers Co (AlexFert) to 55.6% from 45.57% in two transactions worth $50.02 million. The first transaction involved the purchase of an …
Expected revenues from the 10-year contract are KWD 1.2 million
23 March 01:54 PM Kuwait Hotels Co's unit inks hotel management deal in Egypt's Sharm El-Sheikh
Mubasher: Kuwait Hotels Company announced that its subsidiary Safir International Hotel and Resort Management signed a contract for the management of Safir Sharm Waterfalls in Egypt’s Red Sea Governorate. Expected revenues from the 10-year …
Tristar will present up to 24% of the total issued ordinary shares to the IPO
23 March 11:33 AM UAE-based Tristar plans to launch IPO on DFM
Mubasher: The UAE-based Tristar Transport, a 65.12% subsidiary of Agility Public Warehousing, plans to proceed with an initial public offering (IPO) on the Dubai Financial Market (DFM), expecting to receive between $120 million and $160 million of …