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26 December 11:54 PM

Sector News

The service contract shall be effective for two years
31 March 2020 10:25 AM Automated Systems to offer infrastructure services to Kuwait Airways
Mubasher: Kuwait Airways has accepted Automated Systems’ offer to provide infrastructure services for KWD 3.7 million. The service contract shall be effective for two years commencing as of Wednesday, 1 April 2020, until 31 March 2022, Automated …
Companies Investments
Automated Systems’s profits shrank by 92.9% in Q1-19
25 July 2019 10:21 AM Automated Systems Q2-19 financials turn to losses
Mubasher: The financial statements of Automated Systems have indicated to a negative turn in the results of the second quarter of 2019, compared to profits registered in the corresponding period last year. The losses of the period amounted to …
Financial Results
Automated Systems will distribute the dividends on 23 May
28 April 2019 03:01 PM Automated Systems nods to 4 fils/shr dividend for FY18
Mubasher: The shareholders of Automated Systems have approved the board’ recommendation to distribute 4 fils per share as cash dividends for the full fiscal year 2018. Dividends represent 4% of the firm’s capital, according to a bourse statement …
Cash Dividends
Gulf Franchising’s shares have a value of KWD 150,000 ($496,000)
14 October 2018 11:54 AM Automated Systems purchases Gulf Franchising’s stake in firm
Mubasher: Automated Systems has signed a contract to purchase Gulf Franchising Holding’s equity in Franchise International General Trading. Gulf Franchising’s shares have a value of KWD 150,000 ($496,000). Following this acquisition, Automated …
Trading Activities
Kuwait Airways’ investment portfolio is distributed as 75.8% in Alafco
23 May 2018 10:53 AM Kuwait Airways invests KWD 44.5m in listed firms
Mubasher: Kuwait Airways currently invests in three companies listed on Boursa Kuwait with operational business alike Kuwait Airways, as reported by Al Anba Newspaper, according to an official document. The Kuwaiti airline company pumped KWD 44.5 …
Trading Activities
Gross operating profits increased by around KWD 74,870
3 May 2018 03:49 PM Osos Holding Q1 profits surge 63%
Mubasher: Osos Holding Group Co achieved an increase of 63% in profits during the first quarter of 2018 compared to the same period a year ago. Earnings grew to nearly KWD 566,840 ($1.88 million) in Q1-18 from approximately KWD 346,800 ($1.15 …
Financial Results