Gulf Cement Co News - Mubasher Info
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04 April 10:59 PM

Gulf Cement Co (GCEM)

Last update: 4 March 01:22 PM market time.
1.03
-0.05
-4.63%
Open 1.03
Previous Close 1.08
High 1.04
Low 1.03
Stock Statistics
Volume 1,158,558
Turnover 1,193,319.54
All data are 15 minutes late during market session

News

The company's revenues declined to AED 345.878m in 2020
11 February 2021 01:17 PM Gulf Cement Co's net losses deepen in 2020
Mubasher: The net losses of Gulf Cement Co. increased to AED 273.463 million in 2020, compared to AED 26.799 million in 2019, according to the company's financial results for 2020. The company has extinguished losses amounting to AED 265.5 million …
Financial Results
This reduction will be reflected in the shareholders' portfolio accounts
31 December 2020 11:47 AM ADX announces 50% capital cut for Gulf Cement in CSD department
Mubasher: The Abu Dhabi Securities Exchange (ADX) has announced a 50% capital cut for Gulf Cement Co. in the Clearing, Settlement, Depository, and Registry Services Department (CSD). This reduction will be reflected in the shareholders' portfolio …
Management Decisions
The capital reduction will help in extinguishing the accumulated losses
29 December 2020 10:12 AM Gulf Cement obtains SCA's approval for capital cut
Mubasher: Gulf Cement Co. has obtained the approval of the Securities and Commodities Authority (SCA) in the UAE to cut its issued capital to AED 410.55 million from AED 821.1 million. To reduce its issued capital, 410.55 million shares will be …
Management Decisions
The capital reduction will be implemented by canceling 410.55m shares
29 November 2020 10:31 AM Gulf Cement Co's shareholders nod to 50% capital cut
Mubasher: The ordinary general meeting (OGM) of Gulf Cement Co.has approved a capital reduction by 50% to AED 410.55 million from AED 821.1 million to extinguish the accumulated losses as of 30 September 2020. The capital reduction will be …
Management Decisions
The company's revenues plunged by 24%
4 November 2020 09:43 AM Gulf Cement Co incurs AED 268m losses in 9M
Mubasher: Gulf Cement Co. recorded net losses of AED 268.13 million during the first nine months of 2020, up from AED 3.86 million in the year-ago period. The company's revenues plunged by 24% to AED 259.48 million in the January-September period …
Financial Results
The last day for the trading of the company's shares will be on 14 December
13 September 2020 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 company recorded investment losses of AED 4.6m
13 May 2020 11:08 AM Gulf Cement turns to losses in Q1-20
Mubasher: Gulf Cement Co., dually listed on Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX), saw net losses of AED 28.9 million during the first quarter (Q1) of 2020, against AED 1.5 million profits in the year-ago period. The company's …
Financial Results
The general assembly also approved the board’s report for the fiscal year (FY) 2019
5 April 2020 11:45 AM Gulf Cement’s OGM approves delisting from Boursa Kuwait
Mubasher: The ordinary general meeting (OGM) of Gulf Cement Company approved the board’s proposal to delist from Boursa Kuwait. The assembly also approved the board’s report for the fiscal year (FY) ended on 31 December 2019 regarding the …
Board of Directors
Final decision will be made on 5 March
2 March 2020 09:12 AM Gulf Cement may delist from Boursa Kuwait
Mubasher: Gulf Cement Company will submit a proposal concerning withdrawal from Boursa Kuwait due to higher annual fees.   The final decision will be announced on Thursday, 5 March, subject to the approval of the company's board of directors, …
Management Decisions
Net losses narrowed by 33% in Q4-19
13 February 2020 11:28 AM Gulf Cement’s losses drop 18% in 2019
Mubasher: The losses of Gulf Cement Co., listed on Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX), amounted to KWD 2.21 million by 2019 year-end when compared to KWD 2.70 million in 2018, down by 18%.    Loss per share fell to 0.0025 …
Financial Results
Revenue was down to AED 341.012m in 9M
14 November 2019 09:24 AM Gulf Cement incurs AED 3.9m loss in 9M
Abu Dhabi – Mubasher: Gulf Cement Co., on Thursday, announced a turn to loss of AED 3.856 million over the nine months period ended 30 September 2019, against a profit of AED 1.604 million in the prior-year period. Revenue reached AED 341.012 …
Company News
Gulf Cement’s revenues slid to AED 475.7 million in FY18
1 August 2019 03:37 PM Gulf Cement turns to losses in Q2-19
Abu Dhabi – Mubasher: The financial results of Gulf Cement Co., a dual-listed company on the Abu Dhabi Securities Exchange (ADX) and Boursa Kuwait, incurred net losses worth around AED 598,270 during the second quarter of 2019 against AED 8.4 …
Financial Results
Gulf Cement’s capital amounts to AED 821.10 million
21 April 2019 11:11 AM Gulf Cement to pay 5% dividends for FY18
Abu Dhabi – Mubasher: Gulf Cement on Sunday announced that the company’s general assembly has approved distributing 5% cash dividends, or AED 41.029 million, to shareholders for the full-year 2018. The company will pay a dividend of 5 fils per …
Cash Dividends
Revenues declined to AED 475.7 million in the full-year 2018
20 February 2019 11:59 AM Gulf Cement incurs AED 33m loss in 2018
Abu Dhabi – Mubasher: Gulf Cement Company reported turning to loss during the full-year 2018. Net losses amounted to AED 32.99 million in 2018, against a profit of AED 40.61 million in 2017, according to the company’s recent statement to the Abu …
Financial Results
Net profits amounted to AED 1.6 million for the nine-month period ended September
12 November 2018 10:49 AM Gulf Cement posts AED 1.6m profit in 9M
Abu Dhabi - Mubasher: Gulf Cement Company, which is dual-listed on Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX), on Monday reported a 95% drop in profits for the first nine months of 2018. Net profits amounted to AED 1.6 million for …
Financial Results
Al Khair National started negotiations with Liberty House Group in December 2017
11 October 2018 11:03 AM Al Khair National suspends talks to sell 38% stake in Gulf Cement
Abu Dhabi – Mubasher: Gulf Cement Company announced that Al Khair National for Stocks and Real Estate has suspended talks over selling its 37.81% stake in Gulf Cement to Liberty House Group. Al Khair has ended negotiations with the potential …
Corporate Actions
Gulf Cement resumes stock transfer between ADX, Boursa Kuwait
8 July 2018 04:22 PM Gulf Cement resumes stock transfer between ADX, Boursa Kuwait
Mubasher: Gulf Cement on Sunday announced that it was resuming the transfer of its shares between Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX). The stock transfer comes in line with the regulations and legal amendments that have been …
Market News
The losses incurred in Q1 resulted from lower profit margin of 4.5%
14 May 2018 10:04 AM Gulf Cement Q1 financials turn to losses
Mubasher: Gulf Cement Co has incurred losses in the first quarter of 2018 against a profit in the same period a year ago, according to a bourse statement on Monday. The company, which is listed on both Boursa Kuwait and the Abu Dhabi Securities …
Financial Results
Gulf Cement’s capital stands at AED 821.1 million
12 April 2018 03:58 PM Gulf Cement to pay 8% dividends for FY17
Mubasher: The ordinary general meeting (OGM) of Gulf Cement Co approved the board’s recommendation to distribute 8% of the capital as a cash dividend for fiscal year 2017. The company, which is listed on both Boursa Kuwait and the Abu Dhabi …
Cash Dividends
Gulf Cement signed an NDA with Al Khair
25 February 2018 08:52 AM Gulf Cement inks non-disclosure agreement with Al Khair, alliance
Abu Dhabi – Mubasher: Gulf Cement Company on Sunday announced signing a non-disclosure agreement (NDA) with SIMEC Group LTD, a member of GFG Alliance, alongside National Investment Company KSCP, and Al Khair National for Stocks and Real Estate …
Companies Investments
Gulf Cement’s capital stands at AED 821.1 million
24 December 2017 10:09 AM Al Khair, Liberty House in talks on Gulf Cement’s stake
Mubasher: Al Khair National for Stocks and Real Estate Co. is in negotiations with the UK-headquartered company Liberty House Group, a possible purchaser that would buy Al Khair’s entire stake in Gulf Cement Co. Al Khair intends to sell its …
Insider Trading & Treasury Stocks
Gulf Cement Company currently has 60% of its shares traded on Boursa Kuwait
18 December 2017 04:17 PM Gulf Cement requests exemption from Boursa Kuwait trading limit
Abu Dhabi – Mubasher: Gulf Cement Company on Monday said it has sent a request to the Kuwait Clearing Company for an exemption from the maximum and minimum trading limits on Boursa Kuwait. The company cited that it was officially listed on Boursa …
Law
Gulf Cement company posted a 1.2% drop in profits for Q2-17
3 August 2017 10:30 AM Gulf Cement Q2 profits decline 1.2%
Abu Dhabi – Mubasher: Gulf Cement Company posted a 1.2% drop in profits for the second quarter of 2017, compared to the same period of the year before, according to a statement on Thursday. The firm achieved profits of AED 13.59 million ($3.69 …
Financial Results
Photo Credit: Arabianeye-Reuters
8 May 2017 08:48 AM Gulf Cement Q1 profits surge 103.5%
Kuwait - Mubasher: Gulf Cement Co reported a growth of 103.5% in profits during the first quarter of 2017, compared to the same quarter of 2016. Earnings increased to AED 8.12 million ($2.21 million) in Q1-17 from AED 3.99 million ($1.09 million) …
Financial Results
(Photo Credit: Arabianeye-Reuters)
13 April 2017 08:59 AM Gulf Cement OKs $22m dividends for 2016
Kuwait – Mubasher: Gulf Cement Company’s shareholders approved the proposal to distribute cash dividends for 2016, representing 10% of capital, according to a bourse filing on Thursday. The meeting held on Wednesday also approved the Abu Dhabi and …
Cash Dividends