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Saudi Electricity plans SAR749.3 million dividend distribution

2019-03-13 06:59:46 GMT (
Saudi Electricity Company (SEC) on Wednesday announced that its board of directors recommended the distribution of cash dividend at SAR 749.3 million, or 70 halala per share, representing 70% of ...

Nakheel to showcase AED58 billion in real estate projects at MIPIM

2019-03-13 02:16:29 GMT (
Master developer Nakheel, which is owned by Dubai government will showcase at MIPIM expo in France a group of real estate investment opportunities collectively worth more than AED 58 ...

SAFCO shareholders to discuss SAR1.5/share dividend April 7

2019-03-12 07:38:57 GMT (
Saudi Arabian Fertilizer Co. (SAFCO) will hold an ordinary general assembly meeting on April 7, to look into the proposed dividend payout at SAR 624.999 million, or 1.5 per share, representing 15% of ...

Herfy board proposes SAR1.1/share dividend payout for H2-18

2019-03-12 07:09:36 GMT (
The board of directors of Herfy Food Services Co. recommended the distribution of cash dividends at SAR 71.148 million, or SAR 1.1 per share, representing 11% of capital, for the second half of ...

SAIC profits rises 21% in 2018 on stronger revenues

2019-03-12 06:58:42 GMT (
Saudi Advanced Industries Co. (SAIC) on Tuesday posted a 21% rise in net profit for the fiscal year ended on December 31, 2018, to SAR 37 million, from SAR 30.6 million reporter a year earlier, ...

FAB to begin distribution of AED8 billion dividends March 17

2019-03-12 03:04:49 GMT (
First Abu Dhabi Bank (FAB) will begin the distribution of cash dividends at above AED 8 billion on March 17, to shareholders of record till March 3 and purchasers of the bank’s stock on March ...

Emaar to launch cryptocurrency token on Ethereum blockchain

2019-03-12 02:59:29 GMT (
UAE’s Emaar Group announced it is planning to launch ERC20 token on Ethereum blockchain by the end of 2019.   According to the official statement, new token “will allow ...

RAK Ceramic gets shareholders’ nod on cash dividend, bonus shares

2019-03-12 02:49:36 GMT (
Ras Al Khaimah Ceramic Company on Tuesday said its shareholders, in an ordinary general assembly meeting, approved the distribution of cash dividends at 15 fils per share, as well as the distribution ...

SABB, Alawwal confirm plan for merger

2019-03-11 08:00:44 GMT (
Saudi British Bank (SABB) has obtained the approval of the Saudi Arabian Monetary Authority (SAMA)  on its potential merger with Alawwal Bank.   SABB also confirmed its intention to ...

Dana Gas says gas sales deal contingent upon phase two in Kurdistan expansions

2019-03-11 07:32:01 GMT (
Dana Gas said that the gas sales agreement signed recently is contingent on phase two in expansions of operations in Iraqi Kurdistan, according to a bourse statement.   The company expects to ...

CMA approves AlKathiri Holding capital increase, bonus issue

2019-03-11 07:15:28 GMT (
The Capital Market Authority (CMA) on Monday issued its resolution approving AlKathiri Holding Company request to increase its capital from SAR 37.674 million to SAR 45.208 million, according to a ...

Jarir board recommends SAR2.35/share dividend distribution for Q4

2019-03-11 07:00:54 GMT (
The board of directors of Jarir Marketing Company recommended the distribution of cash dividends for the fourth quarter of 2018, at SAR 282 million, or SAR 2.25 per share (23.5% of ...

UAE economy to grow 3.5% in 2019, says central bank

2019-03-11 02:07:07 GMT (
The United Arab Emirates' economy is expected to grow 3.5 % in 2019, with a faster pace than last year, backed by non-oil economic activity, the central bank said in its quarterly ...

NBF to raise AED 1.3 billion in bond sale

2019-03-11 02:04:05 GMT (
The National Bank of Fujairah (NBF) is looking to raise $350 million (AED 1.3 billion) from the capital markets this year, amid growth and digitisation of its operations.   The bank wants to ...
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