Gulf Cables and Electrical Industries Group Co KSCP (CABLE`R)

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News

18 June 2020 00:00 PM Gulf Cable signs KWD 8.6m gov’t deals

Mubasher: Gulf Cable and Electrical Industries announced signing two contracts with the Kuwaiti Ministry of Electricity and Water, valued at KWD 8.56 million. The first contract, which involves providing medium-voltage copper cables, is valued at …

Companies Investments

6 May 2020 00:38 PM Al Khair Global sells 5% of Gulf Cable’s capital

Mubasher: Al Khair Global for Buying and Selling Shares on Wednesday accepted the offer submitted by Mirage Holding Limited Company for the purchase of around 10 million shares of Gulf Cable and Electrical Industries, equivalent to 5% of the …

Companies Investments

28 April 2020 02:00 PM Gulf Cable inks KWD 6.4m deal with Kuwait’s electricity ministry

Mubasher: Gulf Cable and Electrical Industries signed a tender contract worth KWD 6.375 million with the Kuwaiti Ministry of Electricity and Water. Under the deal, the company will provide various low-voltage cables, according to a statement to …

Companies Investments

16 April 2020 02:52 PM Gulf Cable’s earnings halve in 2019; dividends proposed

Mubasher: The net profit of Gulf Cable and Electrical Industries amounted to KWD 4.23 million in fiscal year (FY) 2019, 49.7% less than the KWD 8.42 million profit of 2018.  The drop in the annual earnings is due to lower sales and related gross …

Cash Dividends

4 March 2020 10:11 AM Kuwait awards Gulf Cable KWD 6m tender

Mubasher: Gulf Cable and Electrical Industries has received a letter of award from the Kuwaiti Central Agency for Public Tenders (CAPT) for a tender offered by the Ministry of Electricity and Water valued at KWD 6.375 million. Under the tender, …

Companies Investments

21 November 2019 00:05 PM Al Kharafi buys KWD 33m stake in Gulf Cable

Mubasher: Chairman of Gulf Cable and Electrical Industries Badr Nasser Al Kharafi has bought 60.12 million of the company’s shares. The total amount of the deal stood at KWD 32.94 million ($108.52 million), according to a bourse statement released …

Companies Investments

20 November 2019 09:49 AM Al Khair National to sell shares in Gulf Cable for 550 fils per share

Mubasher: Al Khair National for Stocks and Real Estate Company has accepted an offer from Al Khair Global for Buying and Selling Shares to buy a part of its stake in Gulf Cable and Electrical Industries. Al Khair National will sell 58.028 million …

Companies Investments

19 November 2019 11:44 AM Al Khair National for Stocks to sell stake in Gulf Cable

Mubasher: Al Khair National for Stocks and Real Estate Company is planning to exit from Gulf Cable and Electrical Industries, according to a bourse statement released on Tuesday. Al Khair National holds a 36.725% stake, or 77.098 million shares, …

Companies Investments

11 June 2019 05:05 PM Gulf Cable receives KWD 1.7m purchase order deal

Mubasher: Gulf Cable and Electrical Industries has received a purchase order valued at KWD 1.74 million ($5.7 million) from a local contracting company. This purchase order contract covers supplying low and medium pressure cables. Gulf Cable …

Companies Investments

16 May 2019 00:43 PM Gulf Cable records KWD 4m profit in Q1

Mubasher: Gulf Cable and Electrical Industries reported a surge of 189.4% in profits during the first three months of 2019 compared to the same quarter a year ago. Profits enlarged to KWD 3.82 million ($9.56 million) in Q1-19 from KWD 1.32 million …

Financial Results

28 March 2019 09:21 AM Gulf Cable nods to KWD 5.67m dividends for FY18

Mubasher: Gulf Cable and Electrical Industries’s general assembly has approved the board’s recommendation to distribute cash dividends of KWD 5.67 million at 27 fils per share for the full fiscal year 2018. Dividends represent 27% of the firm’s …

Cash Dividends

7 March 2019 11:31 AM Gulf Cable records KWD 8.5m profits in FY18; dividends proposed

Mubasher: Gulf Cable and Electrical Industries posted a decline of 10.6% in profits during the fourth quarter of 2018 compared to the same period a year ago. Earnings decreased to KWD 1.01 million ($3.33 million) in Q4-18 from KWD 1.13 million …

Cash Dividends

13 August 2018 05:22 PM Gulf Cable H1 profits grow 8% on higher sales

Mubasher: Gulf Cable and Electrical Industries reported a jump of 382.6% in profits during the second quarter of 2018 compared to the same period in the prior year. Earnings grew to KWD 5.26 million ($17.4 million) in Q2-18 from KWD 1.09 million …

Financial Results

10 July 2018 04:34 PM Gulf Cable receives KWD 3m purchase request

Mubasher: Gulf Cable and Electrical Industries has received a purchase request by a local contracting company. The purchase request contract is valued at KWD 2.88 million ($9.54 million) for supplying low- and medium-pressure cables, according to …

Companies Investments

4 July 2018 04:26 PM Gulf Cable receives KWD 2m supply order

Mubasher: Gulf Cable and Electrical Industries has received a request from a local contracting company to supply low- and high-pressure cables at a total value of KWD 2.21 million ($7.31 million). An operating profit of nearly 2.3% is expected to …

Companies Investments

7 May 2018 02:38 PM Gulf Cable to pay 25% dividends for FY17

Mubasher: Gulf Cable and Electrical Industries said that its extraordinary general meeting (EGM) approved the board’s recommendation to distribute 25% of the capital as cash dividends for fiscal year 2017. The company will pay 25 fils per share as …

General Assembly

28 March 2018 10:14 AM Gulf Cable records 20% rise in FY17 profits; dividends proposed

Mubasher: Gulf Cable and Electrical Industries posted a decline of 25.7% in profits to KWD 1.13 million ($3.78 million) during the fourth quarter of 2017 compared to KWD 1.52 million ($5.09 million) in the same period a year ago. During fiscal …

Cash Dividends

7 March 2018 01:39 PM Gulf Cable wins KWD 2.79m supply deal

Mubasher: Gulf Cable and Electrical Industries has received a purchasing order from HSS Joint Venture to supply cables for a total value of KWD 2.79 million. The company expects an operating profit accounting for 2% of the contract’s value; …

Companies Investments

22 February 2018 03:07 PM Gulf Cable’s subsidiary wins $6.3m tender in Jordan

Mubasher: Gulf Cable and Electrical Industries Co – Jordan, a 94.5%-owned subsidiary of the Kuwaiti company Gulf Cable and Electrical Industries, was awarded a tender offered by Jordan Electric Power Co. The tender contract is valued at KWD 2.77 …

Companies Investments

29 November 2017 07:25 PM Kuwait's Gulf Cable receives a $9m purchase order from Petrofac

Mubasher: Gulf Cable and Electrical Industries Company on Wednesday said that it received a purchase order from Oilfield services company Petrofac Ltd. with a value of $ 8.83 million to supply low- and medium-voltage cables. The Kuwait-based …

Macroeconomics

23 November 2017 05:04 PM Gulf Cable receives $19.39m deal from Hyundai Heavy Industries

Mubasher: Gulf Cable and Electrical Industries has received a purchase order worth $19.39 million (KWD 5.9 million) from Hyundai Heavy Industries, the world's largest shipbuilding company that is headquartered in South Korea. The operating profit …

Companies Investments

12 October 2017 04:39 PM Gulf Cable, MEW ink KWD 1.6m lead cables supply deal

Kuwait – Mubasher: Gulf Cable and Electrical Industries has signed a contract with the Ministry of Electricity and Water (MEW) at KWD 1.6 million. This contract was signed between both parties for supplying lead cables, the firm said in a filing …

Companies Investments

15 May 2017 08:09 AM Kuwait’s Gulf Cable profits rise 57% in Q1

Kuwait – Mubasher: Gulf Cable and Electrical Industries on Monday reported a 57.2% increase in profits for the first quarter of 2017, compared to the year-ago period. Profits amounted to KWD 5.03 million ($16.48 million) in Q1-17 up from KWD 3.2 …

Financial Results

10 May 2017 04:10 PM Gulf Cable nods to FY16 dividends

Kuwait – Mubasher: The ordinary general meeting (OGM) of Gulf Cable and Electrical Industries approved distributing 20% of capital as cash dividends for fiscal year 2016. The company will pay 20 fils per share to the entitled shareholders, …

Financial Results

23 April 2017 08:17 AM Gulf Cable to discuss annual dividends 10 May

Kuwait – Mubasher: Gulf Cable and Electrical Industries said its shareholders will discuss on Wednesday, 10 May, 20% dividends for fiscal year 2016, according to a bourse statement. Total approved dividends amount to KWD 4.2 million for FY16. The …

General Assembly