Al Mal Investment

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News

16 July 2020 11:13 AM Al Mal Investment's unit acquires 51% of Egyptian firm for $6.8m

Mubasher: Al Mal Investment announced that its 40.25%-owned subsidiary Diyar Al Kuwait Real Estate Co acquired a 50.82% stake in Egypt’s MSG Developments. The acquisition deal is valued at KWD 2.1 million (about $6.8 million), the company said in …

Mergers and Acquisitions

12 November 2019 05:49 PM Al Mal Investment incurs loss from unit’s exiting deals

Mubasher: Al Mal Investment has incurred KWD 280,000 loss from exiting deals conducted by its subsidiary Diyar Al Kuwait Real Estate during the third quarter of the fiscal year 2019. The incurred loss will appear in the joint financial statement …

Real estate

29 September 2019 01:20 PM Al Mal Investment mulls converting to holding company

Mubasher: Al Mal Investment Company’s board of directors has approved and proposed to change the company’s position and activities to a holding firm from an investment one. The said change was proposed during the board’s meeting on 26 September …

Management Decisions

25 August 2019 02:55 PM Al Mal Investment names new CEO

Mubasher: The board of Al Mal Investment Company has approved the appointment of Syed Azhar Hussein Syed Dran Shah as the company’s new CEO. The decision will come into force starting from Sunday, 25 August, according to the company’s filing to …

Corporate Actions

8 August 2019 01:45 PM Al Mal Investment incurs KWD 705k losses in Q2-19

Mubasher: Al Mal Investment reported an increase of 6.2% in losses during the second quarter of 2019. The losses amounted to nearly KWD 705,330 ($2.33 million) in Q2-19, compared to about KWD 664,000 ($2.19 million) in Q2-18, according to a …

Financial Results

26 June 2019 11:25 AM Al Mal Investment to pay Saudi authority SAR 22.5m

Mubasher: Al Mal Investment announced that the Saudi court in Jeddah has issued a first-instance verdict against Al Mal Investment, listed on Boursa Kuwait, in favour of the Economic Cities Authority. Upon this court ruling, Al Mal should pay SAR …

Company News

3 March 2019 10:02 AM Al Mal Investment’s chairman resigns

Mubasher: Al Mal Investment announced that its board chairman Thamir Ali Khaled Al Tahous has resigned from his position.  This resignation has been effective since Thursday, 28 February, according to a bourse statement on Sunday.  Al Mal noted …

Company News

6 February 2019 04:41 PM Al Mal Investment elects new board

Mubasher: Al Mal Investment said that its ordinary general meeting (OGM) has accepted the resignation of the current board of directors, according to a bourse statement on Wednesday. The shareholders have elected new board members, namely Ream …

Corporate Actions

27 November 2018 03:59 PM Al Mal Investment’s board resigns

Mubasher: Al Mal Investments on Tuesday announced that its board has resigned, and it will work on managing the company’s affairs until electing a new management. The company will take the required procedures to elect a new board, according to the …

Corporate Actions

29 October 2018 11:55 AM Al Mal posts highest volume in 6M Monday

By: Mohamad Farouk Mubasher: The stock of Al Mal Investment registered its most active trading in the past six months. By 11:30 am Kuwait time, Al Mal posted 3.71 million traded shares that represented 11.5% of Boursa Kuwait’s total volume of …

Trading Activities

12 August 2018 04:07 PM Al Mal Investment incurs higher losses in Q2

Mubasher: Al Mal Investment posted an increase of 38% in losses during the second quarter of 2018 compared to the same period last year. Losses enlarged to approximately KWD 663,600 in Q2-18 from nearly KWD 480,500 in Q2-17, according to a bourse …

Financial Results

15 May 2018 09:41 AM Al Mal Investment incurs higher losses in Q1

Mubasher: Al Mal Investment suffered a leap of 300.7% in losses during the first quarter of 2018 compared to the same period in the previous year. Losses enlarged to about KWD 583,170 ($1.94 million) in Q1-18 from nearly KWD 145,540 ($ 483,540) in …

Financial Results

21 March 2018 09:23 AM Al Mal Investment’s losses shrank in Q4, FY17

Mubasher: Al Mal Investment reported a decline of 93.8% in losses during the fourth quarter of 2017 compared to the same period in the previous year. Losses decreased to KWD 258,000 ($861,130) in Q4-17 from KWD 4.17 million ($13.92 million) in …

Financial Results

1 March 2018 00:09 PM Al Mal Investment names temporary CEO

Mubasher: Al Mal Investment has appointed board member Abdul Wahab A. Al Mutawa to execute the CEO's activity. Al Mutawa will act as Al Mal’s CEO for a temporary period until the company nominates another person for this position, according to a …

Corporate Actions

4 January 2018 00:46 PM Al Mal to offer 18.758% equity for sale 7 January

Mubasher: Boursa Kuwait will hold an auction on Sunday, 7 January 2018, to offer 58.2 million of Al Mal Investment’s for sale. This stake represents 18.758% of Al Mal’s capital, according to a bourse filing on Thursday. Boursa Kuwait clarified …

Insider Trading & Treasury Stocks

17 December 2017 10:12 AM Al Khair nods to 58.2m-share sale in Al Mal

Mubasher: Al Khair National for Stocks and Real Estate company on Sunday announced approving the offer proposed by Khaled Soliman Nasser Al Zayed to purchase 58.2 million shares of its stake in Al Mal Investment. This stake represents 18.758% of …

Companies Investments

12 December 2017 10:54 AM Boursa Kuwait to hold auction for selling 8% stake in Al Mal

Mubasher: Boursa Kuwait announced that an auction will be held on Tuesday, 12 December, to offer 24.82 million of Al Mal Investment’s shares for sale. This stake represents 8% of Al Mal’s capital, according to a bourse statement disclosed on …

Companies Investments

6 December 2017 04:58 PM Al Khair approves selling 34.13m shrs in Al Mal

Mubasher: Al Khair National for Stocks and Real Estate Co. has agreed on an offer proposed by Mubarak Al-Muslim to purchase 34.13 million of Al Mal Investment’s shares. This stake represents 11% of Al Mal’s issued and paid-up capital, according to …

Companies Investments

27 November 2017 01:29 PM Al Mal to offer 8% stake for sale in auction mid-December

Mubasher: Boursa Kuwait announced that an auction will be held on Tuesday, 12 December, to offer 24.82 million of Al Mal Investment’s for sale. This stake represents 8% of Al Mal’s capital, with a premium price of KWD 0.0432 per share at a total …

Trading Activities

23 November 2017 01:58 PM Al Mal comments on selling stake in KSA Hail Cement

Mubasher: Al Mal Investment has commented on the news recently spread over social media channels regarding selling a stake of Hail Cement Co.’s shares. The stake sold in the Saudi firm, Hail cement, is related to a client and was sold through an …

Company News

16 November 2017 04:37 PM Al Khair to sell 117.14m shrs in Al Mal

Mubasher: Al Mal Investment announced that Al Khair National for Stocks and Real Estate Co decided to sell 117.14 million shares in Al Mal. This stake will be sold at a guide price of 43.2 fils per share, according to a bourse statement issued on …

Insider Trading & Treasury Stocks

23 October 2017 05:11 PM Al Mal incurs higher losses in Q3

Mubasher: Al Mal Investment reported an increase of 112.7% in losses during the third quarter of 2017 compared to the same period a year ago. Losses grew to about KWD 738,000 ($2.45 million) in Q3-17 from KWD 347,000 ($1.15 million) in Q3-16, …

Financial Results

3 October 2017 03:30 PM Court defers Al Mal case against Saudi Economic Cities

Mubasher: Al Mal Investment announced the postponement of the lawsuit filed against the Saudi Economic Cities Authority until 17 October. This legal case includes a claim for compensation by Al Mal against Economic Cities, according to a bourse …

Event

17 September 2017 09:01 AM Trading to resume on Al Mal stock Sunday

Kuwait – Mubasher: Boursa Kuwait will resume trading on Al Mal Investment’s stock effective Sunday, 17 September after the company completed reducing its capital. In mid-July Boursa Kuwait-listed firm approved cutting its capital to KWD 31.02 …

Company News

15 May 2017 11:14 AM Al Mal’s stock plunges to all-time record low

Kuwait – Mubasher: Al Mal Investment’s stock, listed on Boursa Kuwait, led losers on Monday, plunging to its lowest level since listing. By 11:05 am Kuwait time, the investment firm’s stock slid 8.33% to 16.5 fils, registering a turnover of KWD …

Trading Activities