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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
