Danah Al Safat Foodstuff

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News

13 November 2019 05:28 PM Danah Al Safat incurs KWD 5m losses in 9M

Mubasher: Danah Al Safat Foodstuff reported an increase of 286.5% in losses to KWD 3.24 million ($10.69 million) during the third quarter of 2019 when compared to about KWD 838,290 ($2.77 million) in the same quarter a year earlier. During the …

Company News

10 October 2019 05:30 PM Danah Al Safat Foodstuff inks deal to sell Edafco

Mubasher: Danah Al Safat Foodstuff announced that it has signed a contract to sell the Egyptian Dairy and Foodstuff Co. (Edafco). The sale amount will be received after finalising the transfer of the ownership of shares with the official entities …

Mergers and Acquisitions

8 October 2019 11:11 AM Danah Al Safat’s stock to resume trading on Wednesday – Boursa Kuwait

Mubasher: Boursa Kuwait announced that trading on Danah Al Safat Foodstuff’s stock will be resumed on Wednesday, 9 October 2019. The bourse’s decision to put the stock back for trading followed the completion of the firm’s capital cut procedures, …

Markets Regulations

1 October 2019 01:10 PM Boursa Kuwait suspends trading on Danah Al Safat

Mubasher: Boursa Kuwait announced a trading halt of Danah Al Safat Foodstuff’s stock as of Wednesday, 2 October 2019, until Tuesday, 8 October. The suspension is based on the decision taken by Danah Al Safat’s ordinary general meeting’s (OGM) to …

Trading Activities

8 September 2019 05:05 PM Danah Al Safat nods to 10% capital cut, dividends

Mubasher: The shareholders of Danah Al Safat Foodstuff have approved on Sunday to reduce the capital by 10.19% to KWD 12.168 million from KWD 10.928 million. The capital cut will be executed by trimming the accumulated losses of nearly KWD 239,504 …

Corporate Actions

4 August 2019 11:37 AM Danah turns to losses in Q2

Mubasher: Danah Al Safat Foodstuff announced turning into losses during the second quarter of 2019. The Kuwaiti firm suffered losses of KWD 1.547 million ($5.09 million) in the three-month period ended 30 June, against a profit of KWD 44,227 …

Financial Results

18 June 2019 11:44 AM Danah Al Safat proposes capital cut, offsetting losses

Mubasher: The board members of Danah Al Safat Foodstuff have recommended a capital reduction of KWD 1.24 million. Danah Al Safat’s board has also submitted its proposal to the Capital Markets Authority (CMA) to offset the accumulated losses as …

Corporate Actions

26 May 2019 02:51 PM Danah Al Safat’s board agrees in principle to sell 2 firms for KWD 950,000

Mubasher: The board of Danah Al Safat Foodstuff agreed in principle to sell its stakes in two companies with a total value of KWD 950,000 ($3.13 million), the company said in a statement to Boursa Kuwait on Sunday. On Thursday, the company …

Companies Investments

23 May 2019 11:44 AM Danah receives $3.2m offers for stakes in Light Food, Edafco

Mubasher: Danah Al Safat Foodstuff announced receiving two offers to acquire its stakes in Light Food Company and Egyptian Dairy and Foodstuffs (Edafco). The Kuwaiti company has received a purchase offer from Alteco Company to buy its entire stake …

Board of Directors

16 May 2019 00:30 PM Danah Al Safat narrows Q1 losses by 21%

Mubasher: Danah Al Safat Foodstuff posted a 21.2% year-on-year drop in losses for the first quarter of 2019. Net losses amounted to KWD 197,600 in Q1-19, compared to KWD 250,780 in Q1-18, according to a filing to Boursa Kuwait on Thursday. The …

Financial Results

12 July 2018 00:41 PM CMA nods to Danah Al Safat 18% capital cut

Mubasher: The Capital Markets Authority (CMA) approved for Danah Al Safat Foodstuff to shrink its capital by 18.2%. Danah Al Safat will reduce the capital to KWD 12.168 million from KWD 14.875 million to offset its accumulated losses, according to …

Corporate Actions

19 June 2018 10:44 AM Danah Al Safat’s board proposes capital cut

Mubasher: The board members of Danah Al Safat Foodstuff have passed their recommendation of reducing the capital to offset the accumulated losses to the Capital Markets Authority (CMA). Danah Al Safat’s board proposed shrinking the capital to trim …

Management Decisions

11 June 2018 02:04 PM Danah Al Safat exits KWD 2.4m stake in firm

Mubasher: Danah Al Safat Foodstuff has completed all procedures required for selling its entire stake in Amaken United Real Estate. The Boursa Kuwait-listed company has received KWD 2.4 million in return for the sale deal, according to a bourse …

Companies Investments

28 May 2018 01:04 PM Danah Al Safat approves Overland’s offer to buy stake in Amaken

Mubasher: Danah Al Safat Foodstuff announced its board members’ approval of an offer proposed by Overland Real Estate Co. to purchase Danah’s entire stake in Amaken United Real Estate. The offer includes buying 8.534 million of Danah’s equity in …

Board of Directors

5 April 2018 11:26 AM Danah Al Safat’s stock plunges after trading resumes on Thursday

Mubasher: The stock of Danah Al Safat Foodstuff started Thursday’s session lower, plummeting 71.22% after the stock resumed trading following the completion of the procedures pertaining to reducing its capital. Danah Al Safat lost about 100 fils …

Stock Evaluations

4 April 2018 04:41 PM Danah Al Safat’s stock to resume trading on Thursday

Mubasher: Boursa Kuwait announced that the trading on Danah Al Safat Foodstuff’s shares to resume on Thursday, 5 April. This decision followed the completion of decreasing Danah Al Safat’s capital, according to a bourse statement on Wednesday. In …

Trading Activities

29 March 2018 09:41 AM Danah al Safat Q4 losses soar 101%

Mubasher: Danah Al Safat Foodstuff on Thursday reported a 101.3% year-on-year hike in losses for the fourth quarter of 2017 to KWD 4.77 million ($15.96 million), compared to KWD 2.37 million ($7.93 million) in Q4-16. Net loss stood at around KWD …

Financial Results

18 March 2018 03:34 PM Danah Al Safat receives $3.3m in Lebanon’s F&B Venture deal

Mubasher: Danah Al Safat Foodstuff announced that it has received the last instalment from selling its stake in F&B Venture Holding – Lebanon. This instalment is worth $3.323 million or about KWD 994,730, according to a bourse statement on Sunday. …

Companies Investments

18 February 2018 09:29 AM Danah Al Safat to shrink capital by 48.5%

Mubasher: The ordinary general meeting (OGM) of Danah Al Safat Foodstuff approved on Thursday, 15 February, to decrease its capital by 48.48%. Danah Al Safat will shrink its capital by KWD 14 million to KWD 14.875 million from KWD 28.875 million …

Corporate Actions

18 December 2017 00:46 PM CMA approves Danah Al Safat’s capital reduction

Mubasher: Danah Al Safat Foodstuff Company said that it had received Kuwait's Capital Markets Authority (CMA) approval for reducing the company’s capital by 48.5%. The company's capital will be cut by KWD 14.88 million to KWD 14.88 million from …

Sector Reports

19 October 2017 11:20 AM Danah Al Safat receives $44m from exiting F&B Venture

Mubasher: Danah Al Safat Foodstuff on Wednesday has transferred its stake in F&B Venture Holding – Lebanon to Al Miqat Incorporation, according to a bourse statement issued on Thursday. The Kuwaiti company, Danah Al Safat has received $44.3 …

Companies Investments

1 June 2017 10:23 AM Danah Al Safat to sell stake in Lebanon’s F&B Venture

Kuwait – Mubasher: Danah Al Safat Foodstuff has sold its stake in F&B Venture Holding, according to a filing to Boursa Kuwait on Thursday. The financial impact of the transaction is the same as announced at the end of March, namely a loss of KWD …

Mergers and Acquisitions

10 May 2017 03:33 PM Danah EGM approves exiting Lebanese firm

Kuwait – Mubasher: The extraordinary general meeting (EGM) of Danah AlSafat Foodstuff on Wednesday approved selling its entire stake in the Lebanese firm F&B Venture Holding, according to a bourse filing. The Kuwaiti company had previously …

Corporate Actions

10 May 2017 08:53 AM Danah Al Safat board nods to exiting F&B Venture

Kuwait – Mubasher: The board members of Danah Al Safat Foodstuff on Tuesday held a meeting to overview the final draft of selling the company’s entire stake in the Lebanese firm F&B Venture Holding, according to a bourse statement issued on …

Mergers and Acquisitions

18 April 2017 10:47 AM Danah Al Safat to discuss exiting Lebanese firm

Mubasher: Danah Al Safat Foodstuff will hold its extraordinary general meeting (EGM) on 10 May to consider selling its entire 100% stake in the Lebanese firm F&B Venture Holding, according to a bourse statement issued on Tuesday. The Kuwaiti …

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