Kuwait and Middle East Financial Investment (KMEFIC) News - Mubasher Info
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Kuwait and Middle East Financial Investment (KMEFIC`R)

Last update: 8 May 12:44 PM market time.
185.00
3.00
1.65%
Open 186.00
Previous Close 182.00
High 192.00
Low 184.00
Stock Statistics
Volume 12,092,534
Turnover 2,268,624.49
All data are 15 minutes late during market session

News

Photo Archive
24 May 2022 06:25 PM Kuwait’s KMEFIC acquires majority stake in Egypt’s Global Invest Securities
Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) has acquired 75% equity in Egypt’s Global Invest Securities Company. KMEFIC acquired the Egyptian firm in exchange for approximately EGP 7 million, according to a recent bourse …
Companies Investments
The announcement has no material impact on KMEFIC’s financial position
1 June 2020 10:25 AM KMEFIC’s CEO resigns
Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) announced that the company’s CEO, Adel Fahad Al Humaidhi, had recently submitted his resignation. The resignation is effective as of 1 June, according to a stock exchange statement on …
Board of Directors
Al Thekair purchased the remaining 25.67% of KMEFIC's shares
17 February 2020 05:10 PM Al Thekair seals full acquisition of KMEFIC
Mubasher: Kuwait’s Capital Markets Authority (CMA) announced the completion of the mandatory acquisition of Al Thekair General Trading & Contracting Co. on the shares of Kuwait and Middle East Financial Investment (KMEFIC), according to a bourse …
Companies Investments
KMEFIC is a leading financial services company in the Kuwaiti market
31 December 2019 06:48 PM KMEFIC registered as market maker on Acico, Tamdeen
Mubasher: Boursa Kuwait approved to register Kuwait and Middle East Financial Investment (KMEFIC) as a market maker on the securities of Acico Industries and Tamdeen Real Estate Company. The market maker shall start performing its activity as of …
Trading Activities
The market maker shall start its activity on 29 Dec.
26 December 2019 05:55 PM Boursa Kuwait registers KMEFIC as market maker
Mubasher: The Boursa Kuwait announces its approval to register Kuwait and Middle East Financial Investment (KMEFIC) as Market Maker. The market maker shall start performing its activity as of Sunday, 29 December, according to a bourse statement …
Trading Activities
Al Thekair’s bid for KMEFIC’s per-share price was 59 fils
16 December 2019 11:47 AM Al Thekair’s share takeover bid price lower than Baker Tilly’s – KMEFIC
Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) said on Monday that its board members have considered the mandatory acquisition proposal put forward by Al Thekair General Trading & Contracting to buy the remaining 25.67% of its …
Board of Directors
Q3 losses amounted to KWD 65,000
6 November 2019 07:33 PM KMEFIC turns to losses in Q3
Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) reported on Wednesday KWD 65,140 ($215,080) in losses during the third quarter (Q3) of the year, versus profits of KWD 49,550 ($163,610), as shown by the company’s financial results. …
Company News
There will be no major effects on KMEMFIC’s financial position
22 September 2019 05:26 PM KMEFIC’s full board resigns
Mubasher: Kuwait and Middle East Financial Investment Company (KMEFIC) announced that its board of directors has submitted its resignation. Chairman Hesham Zaghloul Mohamed Abdalmtalb and deputy chairman Bassel Abdul Wahab Al Zaid have submitted …
Company News
The sold shares shall represent 74.3% of KMEFIC’s total issued shares
19 September 2019 01:49 PM Bahraini, Kuwaiti AUB complete sale of KMEFIC’s stakes
Mubasher: Ahli United Bank – Bahrain (AUB Bahrain) and Ahli United Bank – Kuwait (AUB Kuwait) announced that their 75.6% ownership in Kuwait and Middle East Financial Investment (KMEFIC) represents the percentage of 196.096 million shares at a …
Banking and Finance
AUB Kuwait is affiliated to AUB Bahrain
19 September 2019 00:08 PM AUB Kuwait completes sale of stake in KMEFIC
Mubasher: Ahli United Bank – Kuwait (AUB Kuwait) announced that its 50.41% ownership in Kuwait and Middle East Financial Investment (KMEFIC) represents the ratio of selling 130.71 million shares at a value of 58.1 fils per share to the total …
Company News
Boursa Kuwait
28 August 2019 06:25 PM KMEFIC receives market maker licence from CMA
Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) has received a six-month market maker licence from the Capital Markets Authority (CMA). The licence will be valid for a renewable three-year term, according to a statement released on …
Trading Activities
The deal will be subject to all regulatory approvals
20 August 2019 04:34 PM Bahraini, Kuwaiti AUB sell 196.1m shares in KMEFIC
Mubasher: Ahli United Bank – Bahrain and Ahli United Bank – Kuwait have signed an agreement to sell their stakes in Kuwait and Middle East Financial Investment (KMEFIC), according to a bourse statement released on Tuesday. Both banks hold 196.1 …
Mergers and Acquisitions
KMEFIC achieved a year-on-year growth of 54% in Q2-19 profits
18 August 2019 06:05 PM KMEFIC repays KWD 2.5m of loan for parent company
Mubasher: Kuwait and Middle East Financial Investment Company (KMEFIC) announced that it has fully repaid the outstanding loan amount worth KWD 2.46 million included in the financial statements dated 30 June 2019 to the parent company. KMEFIC will …
Company News
AUB Bahrain owns 67.33% stake in AUB Kuwait
14 August 2019 02:11 PM AUB receives offer on combined stake in KMEFIC
Mubasher: Ahli United Bank - Bahrain (AUB Bahrain), listed on Boursa Kuwait and Bahrain Bourse (BHB), and its subsidiary Ahli United Bank - Kuwait (AUB Kuwait) have received an offer from Hamad Saleh Al Thekhair for a potential sale of their …
Corporate Actions
No further changes have impacted the article No. (4) of the statute
23 July 2019 00:18 PM KMEFIC to add Market Maker to firm activities
Mubasher: The shareholders of Kuwait and Middle East Financial Investment (KMEFIC) approved, during their extraordinary general meeting (EGM) on Monday, to add the Market Maker activity to the objectives the company was founded for achieving. …
Company News
The service will be launched within two months after KMEFIC runs the requisite technical tests.
20 May 2019 10:54 AM Kuwait’s CMA awards market maker licence to KMEFIC
Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) has received the Capital Markets Authority’s (CMA) preliminary approval for a six-month market maker licence, starting from 19 May, until 18 November. After that, KMEFIC will obtain a …
Management Decisions
Warba Bank’s profits surged 71% to KWD 12.74 million in 2018
8 May 2019 00:02 PM Kuwait C.bank rejects Warba’s request to acquire KMEFIC
Mubasher: Warba Bank on Wednesday announced that the Central Bank of Kuwait (CBK) has rejected its request to acquire Kuwait and Middle East Financial Investment (KMEFIC). The CBK’s rejection will not affect the bank’s fiscal position, Warba said …
Central Banks
Earnings rose to nearly KWD 322,380 ($1.06 million) in Q1-19
29 April 2019 05:56 PM KMEFIC profits grow 54% in Q1-19
Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) achieved an increase of 54.3% in profits during the first quarter of 2019 compared to the same period a year ago. Earnings rose to nearly KWD 322,380 ($1.06 million) in Q1-19 from …
Financial Results
The transactions’ value was not revealed.
16 February 2019 08:29 PM Warba Bank acquires majority stake in KMEFIC
Mubasher: Warba Bank has signed an agreement with Ahli United Bank (AUB) to buy 75.72% stake in Kuwait and Middle East Financial Investment Company (KMEFIC). The deal will be closed following the receiving of all regulatory approvals, Kuwait News …
Mergers and Acquisitions
Warba Bank closed Sunday’s session 0.46% lower at 217 fils
10 February 2019 03:44 PM Warba Bank buys AUB Bahrain’s equity in KMEFIC for KWD 10m
Mubasher: Warba Bank has signed an agreement with Ahli United Bank – Bahrain (AUB Bahrain) and its subsidiary in Kuwait to purchase their shares in Kuwait and Middle East Financial Investment (KMEFIC). Warba Bank will buy 196.35 million shares …
Banking and Finance
Warba’s assets grew 25% year-on-year to more than KWD 2.2 billion in 2018.
31 January 2019 01:25 PM Warba Bank to launch Islamic products through KMEFIC
Mubasher: Warba Bank plans to launch sharia-compliant investment products through acquiring a stake in Kuwait and Middle East Financial Investment (KMEFIC), the Kuwaiti lender’s CEO said. The takeover of KMEFIC aims to increase profits from …
Banking and Finance
Warba Bank is still in negotiations with Bahrain's Ahli United Bank and Ahli United Bank - Kuwait to purchase their shares in KMEFIC.
21 January 2019 05:14 PM Talks in progress over acquiring 74% stake in KMEFIC - Warba Bank
Mubasher: Warba Bank is still in negotiations with Bahrain's Ahli United Bank (AUB) and Ahli United Bank - Kuwait (AUB Kuwait) to purchase their shares in Kuwait and Middle East Financial Investment (KMEFIC). No final agreement has been reached …
Mergers and Acquisitions
Ahli United Bank (AUB) and Ahli United Bank - Kuwait (AUB Kuwait) are in negotiations with Warba Bank to sell their shares in Kuwait and Middle East Financial Investment (KMEFIC).
20 January 2019 00:39 PM Warba Bank in talks over acquiring 74% stake in KMEFIC
Mubasher: Ahli United Bank (AUB) and Ahli United Bank - Kuwait (AUB Kuwait) are in negotiations with Warba Bank to sell their shares in Kuwait and Middle East Financial Investment (KMEFIC). When a final agreement has been reached, it has to be …
Corporate Actions
The financial impact of this MoU cannot be determined in the current time
25 June 2018 05:07 PM KMEFIC’s subsidiary inks MoU with KFIC
Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) announced that its 90%-owned subsidiary Middle East Financial Brokerage Co has signed a non-binding memorandum of understanding (MoU) with KFIC Financial Brokerage, a 98.5%-owned …
Mergers and Acquisitions
KMEFIC achieved a profit of KWD 209,000 ($694,230) in Q1-18
14 May 2018 01:45 PM KMEFIC financials turn profitable in Q1
Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) registered a positive turn in its financials during the first quarter of 2018. KMEFIC achieved a profit of KWD 209,000 ($694,230) in Q1-18 against losses of nearly KWD 569,710 ($1.89 …
Financial Results