Kuwait Food Company (Americana) KSCC News - Mubasher Info
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31 July 03:22 PM

Kuwait Food Company (Americana) KSCC

Last update: 4 April 2018 09:57 AM market time.
1,261.00
0.00
0.00%
Open 1,261.00
Previous Close 1,261.00
High 1,261.00
Low 1,261.00
Stock Statistics
Volume 250
Turnover 315.00
All data are 15 minutes late during market session

News

In June 2017, Americana’s ordinary general meeting nodded to the optional delisting from the Kuwaiti market.
22 April 2018 09:50 AM Americana to exit Boursa Kuwait on Monday
Mubasher: Boursa Kuwait on Sunday announced that Kuwait Food – Americana would withdraw from the bourse on Monday, 23 April 2018, after being listed for more than 34 years. On 22 October 2017, the commissioners council at the Capital Markets …
Corporate Actions
Adeptio currently owns a stake of 93.4% in Americana
10 April 2018 04:11 PM Egypt’s Financial Supervisory exempts Adeptio from takeover deal
Mubasher: Kuwait Food – Americana announced that Adeptio AD Investments has submitted a request to the Egyptian Financial Supervisory Authority to exempt it from proposing a compulsory takeover of Americana’s subsidiaries in Egypt. The Egyptian …
Mergers and Acquisitions
Four listed companies have exited the Kuwait-15 index
21 December 2017 00:08 PM Boursa Kuwait to apply Kuwait-15’s changes end Thursday
Mubasher: Boursa Kuwait announced that the results of reviewing the Kuwait-15 index as registered on 30 November will be implemented after the closing session of Thursday, 21 December. Early in December, Boursa Kuwait said that four listed …
Market News
Profits plunged to KWD 16.65 million in Q3-17, from KWD 20.48 million in Q3-16, according to a bourse filing
9 November 2017 10:58 AM Americana’s profits tumble 19% in Q3
Mubasher: Kuwait Food – Americana on Thursday said its profits levelled down 18.7% year-on-year in the third quarter of 2017. Profits stood at KWD 16.65 million ($55.13 million) in Q3-17, compared to KWD 20.48 million ($67.81 million) in Q3-16, …
Financial Results
This decision is in compliance with the OGM's approval
23 October 2017 05:38 PM Americana to delist from Boursa Kuwait April 2018
Mubasher: Kuwait Food – Americana announced that it will withdraw from Boursa Kuwait on 23 April 2018, according to a bourse statement issued on Monday. This decision is in compliance with the ordinary general meeting’s (OGM) approval on 5 June to …
Trading Activities
Americana has a capital worth KWD 40.2 million
22 October 2017 01:59 PM CMA approves Americana’s delisting from Boursa Kuwait
Mubasher: The commissioners council at the Capital Markets Authority (CMA) in Kuwait has approved Kuwait Food – Americana’s request to voluntarily withdraw from Boursa Kuwait. Americana’s stocks that are available for trading represent 6.57% of …
Trading Activities
Profits stood at KWD 11.52 million ($38.25 million) in Q2-17, compared to KWD 9.03 million ($29.98 million) in Q2-16, according to a bourse filing
15 August 2017 09:36 AM Americana profits rise 28% in Q2
Kuwait – Mubasher: Kuwait Food – Americana on Tuesday announed a 27.6% increase in its profits for the second quarter of 2017, compared to the year-ago period. Profits stood at KWD 11.52 million ($38.25 million) in Q2-17, compared to KWD 9.03 …
Financial Results
Americana to delist from Boursa Kuwait
6 June 2017 00:39 PM Americana to pay 615 fils/shr dividends
Kuwait – Mubasher: The ordinary general meeting (OGM) of Kuwait Food – Americana approved paying 615% of capital as dividends for fiscal year 2016. The company will pay 615 fils per share to the entitled shareholders, according to a bourse …
Cash Dividends
Americana’s board members have recommended paying 615 fils per share
25 May 2017 02:54 PM Americana considers amending dividends maturity date
Kuwait – Mubasher: Kuwait Food – Americana on Thursday announced that it will amend the board’s recommendation of distributing dividends on the entitled shareholders. The amendments follow the new trading rules recently set by Boursa Kuwait and …
Cash Dividends
Photo Credit: Arabianeye-Reuters
16 May 2017 11:46 AM Americana to consider delisting early June
Kuwait – Mubasher: Kuwait Food – Americana will hold its ordinary general meeting (OGM) on 5 June to discuss an optional withdrawal from Boursa Kuwait, as well as distributing cash dividends for fiscal year 2016. The company will pay 615% of …
General Assembly
(Photo Credit: Company website)
15 May 2017 02:09 PM Americana posts KWD 17m profits in Q1
Kuwait – Mubasher: Kuwait Food – Americana saw a 10.1% increase in its profits for the first quarter of 2017. Net profits amounted to KWD 16.73 million ($54.82 million) in Q1-17 from KWD 15.19 million ($49.77 million) in Q1-16. The company …
Financial Results
Photo Credit: Arabianeye-Reuters
20 April 2017 05:03 PM Boursa Kuwait sees $1.2bn M&A deals in Q1
By: Eman Ghaly Mubasher: The first quarter of 2017 saw 13 merger and acquisition (M&A) deals executed at Boursa Kuwait, with a total value of KWD 366.23 million ($1.2 billion). These M&A deals included Adeptio AD Investments SPC’s compulsory …
Companies Investments
Photo Credit: Arabianeye-Reuters
30 March 2017 04:24 PM Americana proposes delisting; board resigns
Mubasher: The board members of Kuwait Food – Americana recommended a voluntary withdrawal from Boursa Kuwait, as well as accepting the resignation submitted by the entire board, according to a bourse statement issued on Thursday. The company …
Trading Activities
Photo Credit: Arabianeye-Reuters
30 March 2017 03:41 PM Americana Q4 profits plunge 73.9%; dividends proposed
Mubasher: Kuwait Food – Americana posted a drop of 73.9% in profits during the fourth quarter of 2016 as compared to the same period of 2016. Earnings shrank to KWD 2.27 million ($7.44 million) in Q4-16 from KWD 8.68 million ($28.45 million) in …
Cash Dividends
Photo Credit: Arabianeye-Reuters
13 March 2017 01:09 PM Kuwait Foundry exits stake in Americana
Mubasher: Kuwait Foundry has sold its entire stake in Kuwait Food – Americana to UAE’s Adeptio AD Investments. The company noted that selling its stake to Adeptio generated a profit of KWD 5.71 million, according to a bourse statement issued on …
Companies Investments
Photo Credit: Arabianeye-Reuters
12 March 2017 02:00 PM Kuwait Cement sells Americana stake to Adeptio
Mubasher: Kuwait Cement has finalised selling its entire stake in Kuwait Food Company (Americana) to UAE's Adeptio AD Investments, according to a bourse statement issued on Sunday. The financial impact from this sale deal is a profit of KWD 1.36 …
Companies Investments
The deal is worth a total of KWD 283.74 million (Photo Credit: Arabianeye-Reuters)
7 March 2017 01:14 PM UAE Adeptio seals Americana takeover
Mubasher: Boursa Kuwait announced the completion of Adeptio’s compulsory acquisition of the Kuwaiti firm Kuwait Food – Americana, according to a statement issued on Tuesday. The UAE Adeptio AD Investments SPC Ltd. has purchased 26.634% of …
Companies Investments
(Photo credit: Arabianeye - Reuters)
20 February 2017 10:40 AM Kuwait Foundry posts KWD 5.71m profits from Americana sale
Kuwait – Mubasher: Kuwait Foundry achieved KWD 5.71 million ($18.64 million) profits from the selling offer of Americana's shares. The achieved sums from the selling offer from Adeptio LLC will appear on the company's profits of the first quarter …
Companies Investments
Americana’s shares offered for purchasing totalled 133 million (Photo Credit: Arabianeye-Reuters)
14 February 2017 10:05 AM Adeptio’s takeover of Americana sees 122m shares – Sources
By: Ahmad Awad Kuwait – Mubasher: The shares offered in the compulsory acquisition by Adeptio of the remaining shares of Americana totalled 122 million which represents 92% of the company’s overall shares offered in the takeover, sources told …
Mergers and Acquisitions
The first phase of Americana’s acquisition included 268 million sold shares (Photo Credit: Arabianeye-Reuters)
10 January 2017 09:35 AM Buying Americana’s remaining shares to start 12 Jan
Kuwait – Mubasher: National Investments said that the period for purchasing the remaining shares of Americana, as part of the compulsory acquisition, will start on 12 January and end on 13 February, CEO Fahad Al Mukhaizeem told CNBC Arabia. The …
Mergers and Acquisitions
Americana stock ended Monday’s session at KWD 2.6 (Photo Credit: Arabianeye-Reuters)
2 January 2017 04:24 PM Purchasing Americana’s shares to start 12 January
Kuwait – Mubasher: National Investments said that UAE’s Adeptio was granted the Capital Markets Authority’s (CMA) approval for the compulsory acquisition offer to purchase the stake which Adeptio does not own in Americana. The period opened for …
Mergers and Acquisitions
The proposal is still being studied by the CMA (Photo Credit: Kuwait News Agency)
25 December 2016 11:58 AM No comment on Aemricana delisting news – National Investments
Kuwait – Mubasher: National Investments said that the company cannot comment in the meantime on what was published on Sunday in a local newspaper over Americana’s withdrawal from Boursa Kuwait. This news will be announced once official procedures …
Mergers and Acquisitions
(Photo credit: Arabianeye - Reuters)
29 November 2016 04:40 PM KSA Public Investment Fund acquires 50% stake in UAE Adeptio
Riyadh – Mubasher: The Saudi Arabian Public Investment Fund announced on Monday that it will buy a 50% stake in Adeptio AD Holdings SPC Ltd. from the Emirati businessman Mohamed Alabbar. The acquisition comes after Adeptio acquired 67% of Kuwait …
Mergers and Acquisitions
The company excluded investments offered for sale during 2016 - Photo Credit: Mubasher Archive
13 November 2016 08:33 AM Americana Q3 profits higher 86%
Kuwait – Mubasher: Kuwait Food – Americana earned KWD 20.47 million ($67.36 million) in the third quarter of 2016, higher 85.8% year-on-year from KWD 11.02 ($36.26 million), a Sunday's bourse filing revealed. Net profits for the first nine months …
Financial Results
(Photo Credit: Arabianeye-Reuters)
6 November 2016 02:14 PM National Investments to manage Americana acquisition
Kuwait – Mubasher: National Investments Company announced on Sunday that it was appointed as the manager for the acquisition of UAE’s Adeptio Investments SPC Ltd. for Americana’s stakes. The investment company noted that managing the acquisition …
Corporate Actions