International Financial Advisors Holding (IFA) News - Mubasher Info
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19 March 03:00 PM

International Financial Advisors Holding (IFA`R)

Last update: 4 March 01:29 PM market time.
382.00
-96.00
-20.08%
Open 385.00
Previous Close 478.00
High 387.00
Low 378.00
Stock Statistics
Volume 1,322,992
Turnover 505,371.91
All data are 15 minutes late during market session

News

IFA's investment will be a 10.5% share of equity
22 September 2021 01:02 PM Kuwait's IFA to invest AED 38m in Yotel's branch in Dubai Palm Jumeirah
Mubasher: The board of International Financial Advisors (IFA) has approved to invest AED 37.695 million (KWD 3.089 million) in a branch of the UK-based Yotel hotel brand in Dubai’s Palm Jumeirah. Approved by the Risk Management Committee, …
Companies Investments
The company's income decreased to KWD 901,859 in Q1-21
18 May 2021 11:05 AM IFA turns to profitability in Q1-21
Mubasher: International Financial Advisors (IFA) has achieved net profits attributable to the shareholders of KWD 389,740 during the first quarter (Q1) of 2021, against net losses of KWD 4.226 million in the same quarter of 2020, according to the …
Financial Results
The company's income reached KWD 19.66 million in 2020
14 April 2021 10:32 AM IFA turns to profitability in 2020
Mubasher: International Financial Advisors (IFA) has achieved KWD 8.229 million net profits attributable to the shareholders of the parent company in 2020, against net losses of KWD 18.4 million in 2019. The company's income reached KWD 19.66 …
Financial Results
The maximum value of the approved investment amounts to $3m
4 April 2021 10:23 AM IFA's unit to invest in Islamic insurance company in Pakistan
Mubasher: The board of First Takaful Insurance Company, a 53.447%-owned subsidiary of International Financial Advisors (IFA), has approved to enter into a new investment in an Islamic insurance company, under establishment in Pakistan. The maximum …
Companies Investments
The company's request to sell treasury shares is valid for six months
19 January 2021 11:44 AM IFA receives approval to sell 17m treasury shares
Mubasher: International Financial Advisors (IFA) has received the Capital Markets Authority's (CMA) approval to sell 17.45 million treasury shares, according to the company's disclosure to the Dubai Financial Market (DFM) on Tuesday. The company's …
Companies Investments
IFA has settled and rescheduled 86% of its total debt
13 January 2021 02:58 PM IFA witnesses precautionary seizure by local bank
Mubasher: International Financial Advisors (IFA) has announced a precautionary seizure by one of the local banks on the company due to an owed amount of KWD 8.8 million ($29 million). The debt amount is subject to a dispute between the company and …
Banking and Finance
The agreement will generate KWD 10.224m net profits
31 December 2020 10:48 AM IFA reschedules KWD 20m debt over five years
Mubasher: International Financial Advisors (IFA) has reached an agreement with a foreign bank, under which a related company has replaced the bank in the company's debt worth KWD 20.06 million ($65.5 million). The company has agreed with the new …
Companies Investments
The full payment of the settlement amount will result in KWD 20.04m profits
15 December 2020 10:50 AM IFA sells asset to repay last instalment in loan
Mubasher: International Financial Advisors (IFA), listed on Boursa Kuwait and Dubai Financial Market (DFM), has sold one of its assets at a value representing 5% of its capital. As part of the settlement reached with a local bank, the company has …
Companies Investments
Its results will be registered in Q4-20
18 November 2020 09:35 AM IFA lowers share in First Takaful Insurance to settle debts
Mubasher: International Financial Advisors (IFA), listed on the Dubai Financial Market (DFM) and Boursa Kuwait, has decreased its share in its subsidiary, the First Takaful Insurance Company, to 53.447% from 90.984%. This decision aims to settle …
Management Decisions
The impact of the settlement will be registered in the financial statements in Q4-20
15 October 2020 03:50 PM IFA repays first installment in KWD 25m loan
Mubasher: International Financial Advisors (IFA) has repaid KWD 3 million ($9.8 million) as the first installment in a loan amounting to KWD 24.98 million ($81.9 million). The completion of the first payment as agreed in the fourth quarter (Q4) …
Companies Investments
The EPS settled at 3.13 fils in the first nine months
14 October 2020 09:51 AM IFA turns to profitability in 9M
Mubasher: International Financial Advisors (IFA) reported net profits attributable to the owners of the parent company of KWD 780,196 ($2.56 million) in the first nine months of 2020, against KWD 4.21 million ($13.78 million) net losses in the …
Financial Results
The transfer of Octal to a foreign bank was made as a payment-in-kind against debt
5 October 2020 10:46 AM IFA transfers Octal to foreign bank against debt
Mubasher: International Financial Advisors (IFA) has transferred a foreign non-listed asset, Octal, valued at KWD 2.89 million ($9.5 million) to a foreign bank against a portion of its due debt. The transfer of Octal to a foreign bank was made as …
Management Decisions
The company has not mentioned the reasons for the resignation
27 September 2020 10:33 AM Kuwait Holding, Masader Al Ofoq resign from IFA's board
Mubasher: International Financial Advisors (IFA) has announced the resignation of Kuwait Holding Company and Masader Al Ofoq General Trading and Contracting Company from the company's board membership. The company has not mentioned the reasons for …
Management Decisions
The company will pay KWD 6m as a settlement for the entire value of the loan
17 September 2020 09:40 AM IFA agrees on settling KWD 25m loan
Mubasher: International Financial Advisors (IFA) has reached an agreement with a bank to settle a loan valued at KWD 24.98 million ($81.9 million), excluding the interest rate due on 30 May 2019. The company, listed on Boursa Kuwait and the Dubai …
Management Decisions
The accumulated losses recorded 56.93% of the capital ratio
26 April 2020 03:43 PM IFA incurs KWD 15m accumulated losses
Mubasher: International Financial Advisors (IFA), dually listed on Boursa Kuwait and the Dubai Financial Market (DFM), logged accumulated losses of KWD 15.185 million. The accumulated losses recorded 56.93% of the capital ratio, according to the …
Financial Results
Losses reached KWD 18.4 million last year
22 April 2020 03:03 PM IFA’s losses double to KWD 18m in 2019
Mubasher: The net losses of International Financial Advisors (IFA) increased in the fiscal year (FY) 2019 to stand at KWD 18.4 million when compared to KWD 12.2 million in 2018. The negative 2019 results are owed to a drop in IFA’s share of …
Financial Results
Loss per share amounted to 14.42 fils last year.
16 February 2020 10:16 AM IFA’s losses shrink 70% in 2019 initial financials
Mubasher: Net losses of International Financial Advisors (IFA) narrowed by 70.7% to KWD 3.6 million (approx. $11.80 million) by 2019 year-end when compared to KWD 12.3 million (approx. $40.30 million) in 2018, the annual unaudited initial …
Financial Results
IFA is a dual-listed company on the DFM & Boursa Kuwait
2 January 2020 00:58 PM Kuwait’s CMA approves IFA’s 17.5m shares offering
Mubasher: International Financial Advisors (IFA) received the approval of the Capital Markets Authority (CMA) in Kuwait to sell 17.45 million of the company’s treasury shares. The CMA’s approval is valid for a period of six months starting from …
Company News
Losses were down by 62.8% in 9M
17 November 2019 10:49 AM IFA sees KWD 2m profits in Q3; losses narrow in 9M
Mubasher: International Financial Advisors (IFA) on Sunday announced profits worth KWD 2.036 million ($6.72 million) during the third quarter ended 30 September 2019, against losses of KWD 9.269 million ($30.59 million) in the same period a year …
Financial Results
IFA will receive KWD 3.023 million from a consortium partner
11 November 2019 01:11 PM IFA to collect $10m receivables
Mubasher: International Financial Advisors (IFA) announced that it will collect part of its receivables from one of the partners forming the consortium that was awarded Umm Al-Hayman project contract. IFA will receive KWD 3.023 million ($10 …
Corporate Actions
IFA is dually listed on Boursa Kuwait and the DFM
25 August 2019 11:15 AM Trading on IFA stock to resume on Boursa Kuwait Monday
Mubasher: Boursa Kuwait announced that the stock of the International Financial Advisors (IFA) will resume its trading activity starting Monday 26 August 2019. The trading resumption of IFA’s stock followed the finalisation of capital cut …
Markets Regulations
IFA is dually listed on Boursa Kuwait and the DFM
18 August 2019 11:25 AM Boursa Kuwait to halt trading on IFA starting Monday
Mubasher: Boursa Kuwait announced that it will suspend trading on the stock of the International Financial Advisors (IFA) commencing Monday, 19 August, until Sunday, 25 August 2019. The trading suspension of IFA’s stock is due to the decision made …
Markets Regulations
IFA's capital after reduction will stand at KWD 26.67 million
15 August 2019 04:56 PM IFA’s accumulated losses represent 82% of capital
Mubasher: The International Financial Advisors (IFA) disclosed that its accumulated losses as registered on 30 June 2019 represent 82% of the capital. The company, listed on both Boursa Kuwait and the Dubai Financial Market (DFM) noted that the …
Corporate Actions
IFA is listed on Boursa Kuwait and the Dubai Financial Market
14 August 2019 05:29 PM IFA’s losses deepen to KWD 2.04m in Q2-19
Mubasher: The losses of the International Financial Advisors (IFA) enlarged 29 times on a year-on-year basis during the second quarter of 2019. IFA’s losses widened to KWD 2.04 million ($6.73 million) in Q2-19 from around KWD 68,550 ($226,060) in …
Financial Results
A prior assembly meeting of IFA
31 July 2019 11:37 AM Disclosed profit gained from provision reversal – IFA
Mubasher: The International Financial Advisors (IFA) announced that the profit, disclosed on 29 July, has resulted from reversal of provision standing at approximately KWD 1.76 million ($5.8 million) out of total provisions. The financial impact …
Companies Investments