Latest Stock Market News provides you with the latest news about the different stock markets. Stay updated with the breaking news about the different companies listed in the international stock markets.


ADCB shareholders to vote on merger, bonds, dividends March 21

2019-03-06 02:41:05 GMT (
Abu Dhabi Commercial Bank (ADCB) will hold an extraordinary general assembly meeting on March 21, during which shareholders will look into the proposed merger with Union National Bank through the ...

Union Properties begins applying new foreign ownership cap

2019-03-06 02:34:11 GMT (
UAE’s developer Union Properties (UP) announced that started on Monday the implementation of the new cap of foreign ownership in its capital to become 49% instead of 25%, according to a ...

Ajman Bank gets shareholders’ nod on 3.5 fils/share dividend

2019-03-05 07:08:25 GMT (
Shareholders of Ajman Bank on Monday approved the distribution of cash dividends at 3.5% of capital, or 3.5 fils per share, totaling AED 73.5 million, for the fiscal year 2018.   Entitlement ...

SPIMACO board recommends SAR1/share dividend payout for H2

2019-03-05 06:29:18 GMT (
The board of directors of Saudi Pharmaceutical Industries and Medical Appliances Co. (SPIMACO) recommended the distribution of cash dividends for the second half of 2018 at 10% of stock par value, or ...

SPIMACO profits fall 32% in 2018 on lower income

2019-03-05 06:22:54 GMT (
Saudi Pharmaceutical Industries and Medical Appliances Co. (SPIMACO) said, in a bourse statement, it posted a 32.1% decline in net profit for the fiscal year ended on December 31, 2018.   The ...

ACWA Power signs financing agreements for SAR 2.6 billion Rabigh 3

2019-03-05 03:58:22 GMT (
ACWA Power announced the successful signing of senior financing and hedging agreements for the SAR 2.625 billion Rabigh-3 IWP which will generate 600,000 m³/day — making it one of the ...

Abu Dhabi National Hotels expects AED200 million cash flows in 2019

2019-03-05 03:40:12 GMT (
Abu Dhabi National Hotels (ADNH) is expected to generate around AED 200 million in cash flows during 2019, upon the acquisition of five hotels from Emaar Hospitality, said CEO Khalid ...

Al Tayyar board recommends 2-for-5 bonus share distribution

2019-03-04 06:34:09 GMT (
The board of directors of Al Tayyar Travel Group recommended the distribution of bonus shares at a total number of 83.860 million shares, at 2 per each 5 owned shares.   The board also ...

Jabal Omar Development issues SAR2 billion Sukuk

2019-03-04 06:17:55 GMT (
Jabal Omar Development Co. on Monday announced it commenced the issuance of new riyal-denominated Sukuk in a private placement, at a value not exceeding SAR 2 billion, according to a statement to ...

Saudi retail store eXtra posts 15% rise in 2018 profit

2019-03-04 05:30:19 GMT (
United Electronics Company (eXtra) on Monday said it generated SAR 161.2 million net profit for the fiscal year 2018, a rise of 15.1% year-on-year from SAR 140.1 million.   Net operating ...

UAE banks’ proposed dividend payouts exceed AED 18 billion

2019-03-04 03:24:26 GMT (
The total value of cash dividend distributions recommended by board of directors of UAE banks listed in Abu Dhabi and Dubai markets rose by 12.2% to AED 18.7 billion, from AED 16.66 billion in ...

UAE equities at attractive price levels, says EFG-Hermes

2019-03-04 03:15:23 GMT (
The UAE equities are currently traded at very attractive price levels, which underpins a recovery in markets, given the long-term investment opportunities they provide, said Ahmad Shams El Din, EFG ...

Wahat Al Zaweya acquires 9.81% stake in Gulf Navigation

2019-03-04 03:07:03 GMT (
Wahat AlZaweya Holding announced it acquired a 9.81% shareholding in the capital of Dubai-listed Gulf Navigation Holding.   The ownership came after converting convertible Sukuk to shares at a ...

Samba board to consider cash dividends H2 March 25

2019-03-03 06:19:11 GMT (
The board of directors of Samba Financial Group invited shareholders to attend an ordinary general assembly meeting on March 25 to look into the proposed distribution of cash dividends for the second ...
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