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30 September 12:21 PM

Stocks News

The agreement’s financiers include Al Rajhi Bank and Arab National Bank (ANB).
29 September 09:30 AM Zain KSA signs deal to reschedule SAR 3.85bn Murabaha facility
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) signed an agreement to reschedule its existing five-year syndicated Murabaha facility valued at SAR 3.85 billion maturing on 30 September 2020 (originally SAR 5.9 billion, …
Banking and Finance
CMA has nodded to Al Bareeq Holding's listing on DFM
27 September 04:37 PM CMA approves Al Bareeq Holding's listing on DFM
Mubasher: Kuwait's Capital Market Authority (CMA) has nodded to Al Bareeq Holding's request to be listed on the Dubai Financial Market (DFM). The company should be committed to the regulations of securities activities and their amendments, …
Management Decisions
A total of 40 tonnes of high-grade blue ammonia were dispatched to Japan
27 September 02:15 PM Saudi Aramco, Japan’s IEEJ ship world’s first blue ammonia
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) and Japan’s Institute of Energy Economics(IEEJ), in partnership with the Saudi Basic Industries Corporation (SABIC), demonstrated the production and shipment of blue ammonia from …
Global Economy
The company has not mentioned the reasons for the resignation
27 September 10:33 AM Kuwait Holding, Masader Al Ofoq resign from IFA's board
Mubasher: International Financial Advisors (IFA) has announced the resignation of Kuwait Holding Company and Masader Al Ofoq General Trading and Contracting Company from the company's board membership. The company has not mentioned the reasons for …
Board of Directors
The bank signed a SWAP agreement worth BHD 46.4m with GFH
24 September 02:16 PM Khaleeji Commercial Bank's OGM nods to agreements with GFH
Mubasher: The ordinary general meeting (OGM) of Khaleeji Commercial Bank has approved the agreements signed with GFH Financial Group, according to the bank's disclosure to Bahrain Bourse on Thursday. The bank signed a SWAP agreement worth BHD 46.4 …
Banking and Finance
The offer values AUB Egypt at EGP 29.78 per share
21 September 06:12 PM Egypt's FRA approves AUB Egypt acquisition offer
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the purchase offer submitted by Ahli United Bank – Bahrain (AUB Bahrain) and Misr Strategia Investment (MSI) to acquire Ahli United Bank - Egypt (AUB Egypt). AUB Bahrain …
Mergers and Acquisitions
The former Chairman caused severe damage to the company
21 September 10:25 AM Investors Holding Group sues former Chairman of Egyptian unit
Mubasher: Investors Holding Group has filed a lawsuit against the former Chairman of its subsidiary Grand Real Estate Projects – Egypt, Ahmed Abdel Fattah Bayoumi Badr. The Kuwaiti firm said that the former Chairman violated his duties and caused …
Corruption
The company will pay KWD 6m as a settlement for the entire value of the loan
17 September 09:40 AM IFA agrees on settling KWD 25m loan
Mubasher: International Financial Advisors (IFA) has reached an agreement with a bank to settle a loan valued at KWD 24.98 million ($81.9 million), excluding the interest rate due on 30 May 2019. The company, listed on Boursa Kuwait and the Dubai …
Banking and Finance
Photo Archive
15 September 03:47 PM Fitch affirms KIB’s long-term A+ rating, with stable outlook
Mubasher: Fitch Ratings has affirmed Kuwait International Bank’s (KIB) long-term issuer default rating (IDR) at 'A+' and viability rating (VR) at “bb-”, with a stable outlook. KIB is exposed to slower domestic economic growth due to the …
Ratings
Photo Archive
15 September 02:04 PM Egypt's FRA studies offer to acquire AUB Egypt
Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) said an optional purchase offer draft was submitted by Ahli United Bank – Bahrain (AUB Bahrain) and an Egyptian investment firm to invest on the shares of Ahli United Bank - Egypt (AUB …
Corporate Actions
The loan is guaranteed by a promissory note
14 September 10:33 AM MIS extends, amends SAR 84.6m loan with NBK
Riyadh – Mubasher: Al Moammar Information Systems (MIS) Company has amended and extended a Sharia-compliant credit facility agreement with the National Bank of Kuwait (NBK) to finance projects and issue letters of guarantee. The loan is valued at …
Banking and Finance
The last day for the trading of the company's shares will be on 14 December
13 September 04:51 PM CMA agrees on Gulf Cement's withdrawal from Boursa Kuwait
Mubasher: Gulf Cement Co., dually listed on Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX), has obtained approval from the Capital Markets Authority (CMA) in Kuwait to withdraw from Boursa Kuwait. The last day for the trading of the …
Management Decisions
The development will take a period of 30 years
10 September 10:08 AM Agility likely to invest KWD 104m in Sabah Al Ahmed City
Mubasher: Agility Public Warehousing has expected to invest around KWD 104 million ($361 million) in its project in Sabah Al Ahmed residential area, according to the company's disclosure to the Dubai Financial Market (DFM) and Boursa Kuwait on …
Companies Investments
The company's revenues declined to AED 223.72m
7 September 10:01 AM Sharjah Cement incurs AED 25m net losses in H1-20
Abu Dhabi – Mubasher: Sharjah Cement and Industrial Development Company recorded net losses of AED 24.67 million in the first half (H1) of 2020, against net profits of AED 2.55 million in the same half of 2019, as shown by the company's …
Financial Results
The dual-listed company purchased 1.57 million shares
6 September 12:01 PM Egypt Kuwait Holding ups stake in Delta Insurance
Cairo – Mubasher: Egypt Kuwait Holding (EKH), listed on the Egyptian Exchange (EGX) and Boursa Kuwait, raised its stake in Delta Insurance to 61.5% from 56.5%. The dual-listed company purchased 1.57 million shares in Delta Insurance for EGP 36.22 …
Insider Trading & Treasury Stocks
Photo Archive
6 September 10:21 AM Saudi Aramco cuts October Arab light crude price to Asia
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) slashed the October official selling prices (OSPs) for the Arab light crude it sells to Asia by $1.40 a barrel, to 50 cents a barrel below the Oman/Dubai average, Reuters recently …
Commodities
Assets rose by 5.3% to EGP 37.6 billion
2 September 01:59 PM ABK Egypt logs EGP 354m profit in H1-20
Cairo – Mubasher: Al Ahli Bank of Kuwait - Egypt (ABK - Egypt) reported a 54% year-on-year (YoY) increase in its net profits, logging EGP 354 million in the first half (H1) of 2020, the Middle East News Agency (MENA) reported on Wednesday. The …
Banking and Finance
Photo Archive
2 September 01:17 PM Fitch affirms NBK’s ratings with stable outlook
Mubasher: Fitch Ratings has affirmed National Bank of Kuwait's (NBK) long-term Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook, and the viability rating (VR) at 'a-'. Being Kuwait's flagship bank with a diversified business model, …
Ratings
DFM has approved BH Mubasher as a Market Maker
30 August 04:50 PM DFM approves BH Mubasher as Market Maker
Dubai – Mubasher: The Dubai Financial Market (DFM) has approved BH Mubasher, a leading company in the UAE’s financial market, as a Market Maker. The move authorises BH Mubasher to provide liquidity to companies listed on the DFM, according to the …
Trading Activities
The contract will generate a profit margin
30 August 12:39 PM PetroGulf's unit inks AED 144m contract with ADNOC
Mubasher: Superior Abu Dhabi Co, a 90% subsidiary of Gulf Petroleum Investment (PetroGulf), has signed a three-year contract worth AED 144 million (KWD 12.05 million) with the Abu Dhabi National Oil Company (ADNOC). To be effective from 1 October …
Companies Investments
The acquisition is subject to the approvals of shareholders
26 August 03:50 PM Bank of Bahrain and Kuwait considers acquiring Ithmaar Bank
Mubasher: The Bahrain-based Ithmaar Holding, listed on the Dubai Financial Market (DFM), Boursa Kuwait, and Bahrain Bourse, has held initial talks about the plan of Bank of Bahrain and Kuwait (BBK) to acquire its wholly-owned subsidiary, Ithmaar …
Banking and Finance
The contract is valued at KWD 88.94 million
24 August 12:07 PM CGC, China’s CFHEC awarded KWD 88.9m contract
Mubasher: Combined Group Contracting (CGC) announced that a special tender contract has been awarded to China First Highway Engineering Company (CFHEC) and its local partner in Kuwait, CGC, for road building and maintenance. The contract is valued …
Companies Investments
GB Corp is a leading investment bank
24 August 10:23 AM GFH increases stake in Global Banking
Mubasher: GFH Financial Group has raised its stake in Global Banking Corporation (GB Corp) to 50.4% from 28.6% after completing a strategic acquisition for the majority of the corporation's stake. The acquisition came after the Central Bank of …
Companies Investments
The company incurred accumulated losses of $795.6m
24 August 09:31 AM Ithmaar Holding's net losses exceed $1m in H1-20
Mubasher: The Bahrain-based Ithmaar Holding reported net losses attributable to the equity holders of $1.29 million during the first half (H1) of 2020, against net profits of $8.37 million in the same period of 2019. The basic and diluted losses …
Financial Results
The ruling was issued on Tuesday
20 August 10:17 AM Ruling obliges partner to return $20m to GFH
Mubasher: A verdict was issued by Bahrain Chamber for Dispute Resolution in favor of GFH Financial Group to oblige one of the partners to repay previously received fees of $20 million to the group. Issued on Tuesday, 18 August, the ruling …
Management Decisions