Maridive and Oil Services (MOIL)

Last update: 17 July 01:27 PM market time.

0.37

-0.00

-0.27%

Open 0.38

Previous Close 0.38

High 0.38

Low 0.37

Stock Statistics

Volume 346,557

Turnover 129,396.55

All data are 15 minutes late during market session

News

Photo Archive

15 July 2024 03:07 PM Maridive & Oil Services logs 152% YoY higher consolidated profit in Q1-24

Cairo – Mubasher: Maridive & Oil Services reported a 152% year-on-year (YoY) surge in consolidated net profit to $20.37 million in the first quarter (Q1) of 2024 from $8.08 million. Revenues jumped by 35% YoY to $56.10 million in Q1-24 from $41.57 …

Financial Results

Photo Archive

26 May 2024 04:49 PM Maridive & Oil Services turns to profits in 2023

Cairo – Mubasher: Maridive & Oil Services shifted to a consolidated net profit of $47.69 million in 2023, against a net loss of $106.34 million a year earlier. Operating revenues soared to $186.47 million last year from $102.44 million in 2022, …

Financial Results

Photo Archive

13 December 2023 01:20 PM Maridive’s turns to $29m net profits in 9M-23 consolidated results

Cairo – Mubasher: Maridive & Oil Services shifted to net profits after tax worth $29.22 million during the first nine months (9M) of 2023 from net losses of $29.09 million in 9M-22, according to the consolidated income statements. The earnings per …

Financial Results

Photo Archive

17 October 2022 01:00 PM Maridive receives offer from Ancla Marine Ship to buy unit

Cairo- Mubasher: Maridive & Oil Services announced receiving an offer from Ancla Marine Ship Management to acquire Valentine Maritime, a wholly-owned subsidiary by Maridive. The company’s board of directors will discuss the takeover offer to …

Companies Investments

Photo Archive

3 July 2022 02:20 PM EFG Capital raises stake in Maridive

Cairo - Mubasher: EFG Capital Partners, a subsidiary of Egyptian Financial Group Hermes Holding (EFG Hermes), has raised its stake in Maridive & Oil Services to 5.32% from 8.26% in exchange for $940,000. EFG Capital has purchased 12.36 million …

Companies Investments

Photo Archive

10 May 2022 04:46 PM Maridive’s EGM nods to 6% authorised capital cut

Cairo- Mubasher: The extraordinary general meeting (EGM) of Maridive & Oil Services approved to reduce the authorised capital to $940.51 million, according to a bourse disclosure on Tuesday. The company will decrease the capital by 5.94% from $1 …

Management Decisions

The company's revenues slipped to $67.19 million

16 August 2021 10:47 AM Maridive & Oil Services posts 34% profit drop in H1-21

Cairo – Mubasher: Maridive & Oil Services suffered consolidated net losses of $32.28 million in the first half (H1) of 2021, down by 34% year-on-year (YoY) from $48.62 million, including minority shareholders' rights. The company's revenues …

Financial Results

Al Subeai offered to buy Maridive Offshore Projects for $48 million

6 July 2021 04:31 PM Maridive says no deal reached with Al Subeai on subsidiary sale

Cairo - Mubasher: Maridive & Oil Services said that the initial talks for the sale of its subsidiary Maridive Offshore Projects to Al Subeai Investment Group have ended without reaching a satisfactory agreement, according to a bourse disclosure on …

Mergers and Acquisitions

The authorised capital will be reduced to $940.51 million from $1 billion

6 July 2021 01:36 PM Maridive's shareholders approve authorised capital cut

Cairo - Mubasher: The extraordinary general meeting (EGM) of Maridive & Oil Services approved a decision to slash the authorised capital to stand at five times the issued capital. The authorised capital will be reduced to $940.51 million from $1 …

Corporate Actions

The revenues slumped to $37.7 million in the January-March period

30 June 2021 00:32 PM Maridive & Oil Services reports 30% lower loss in Q1-21

Cairo - Mubasher: Maridive & Oil Services reported consolidated net losses of $19.8 million during the first quarter (Q1) of 2021, down by 30% year-on-year (YoY) from $28.3 million, the unaudited financial results showed. The revenues slumped to …

Financial Results

The company’s revenues retreated to $180.5 million

4 May 2021 11:00 AM Maridive swings to loss in 2020

Cairo – Mubasher: Maridive and Oil Services turned to net losses of $143.25 million during 2020, against net profits of $2.6 million in 2019, including minority shareholders’ rights. The company’s revenues retreated to $180.5 million last year …

Financial Results

The company earlier received an acquisition offer from Al Subeai Investment Group

15 February 2021 11:44 AM Maridive's board accepts $48m acquisition offer for subsidiary

Cairo – Mubasher: The board of directors of Maridive and Oil Services approved an acquisition offer for 100% of its subsidiary Maridive Offshore Projects for $48 million. The board also accepted the resignation of Mohamed Osman from his position …

Corporate Actions

The offer will be submitted to the board of directors on 14 February.

11 February 2021 01:33 PM Maridive receives $48m acquisition offer for subsidiary

Cairo – Mubasher: Maridive and Oil Services received a binding offer from Al Subeai Investment Group for the acquisition of its 99.98%-owned subsidiary Maridive Offshore Projects for $48 million. The payment terms and the completion of the deal …

Mergers and Acquisitions

Maridive incurred net losses of $92.67 million in nine months

23 December 2020 01:27 PM Maridive reveals reasons behind loss increase in 9M

Cairo – Mubasher: Maridive and Oil Services revealed the reasons behind the increase of its consolidated net losses by more than $70 million year-on-year (YoY) during the first nine months of 2020. The halt of its project in India due to the …

Financial Results

The company’s revenues rose to $145.95 million

22 December 2020 01:41 PM Maridive’s loss swells 317% in 9M

Cairo – Mubasher: The consolidated net losses of Maridive and Oil Services widened by 316.95% year-on-year (YoY) to $92.67 million in the first nine months of 2020, compared to $22.225 million in the year-ago period. The company’s revenues rose to …

Financial Results

The company generated $33.97 million in revenue

30 November 2020 03:23 PM Maridive's pre-tax loss balloons 230% in 9M

Cairo – Mubasher: Maridive and Oil Services reported pre-tax losses of $31.57 million in the first nine months of 2020, up by 230.58% year-on-year (YoY) from $9.55 million, the unaudited standalone financial results showed. The company generated …

Financial Results

The company generated $122 million in revenues

1 October 2020 00:13 PM Maridive’s loss widens 977% in H1

Cairo – Mubasher: Maridive and Oil Services reported a 977% hike in its consolidated net losses, registering $48.62 million in the first half (H1) of 2020, compared to $4.51 million in the year-ago period, including minority shareholders’ rights. …

Financial Results

The company's revenues declined to $24.03m in H1-20

15 September 2020 11:46 AM Maridive's unaudited consolidated losses jump 394% in H1-20

Cairo – Mubasher: The unaudited consolidated financial results of Maridive and Oil Services recorded a 394% surge in its net losses to $18.02 million in the first six months of 2020, compared to $3.64 million in the same period of 2019. The …

Financial Results

The company’s revenues grew to $65.1 million

13 August 2020 05:44 PM Maridive’s consolidated loss balloons 651% in Q1-20

Cairo – Mubasher: The consolidated financial statements of Maridive and Oil Services showed a 651% year-on-year (YoY) rise in its net losses to $28.3 million in the first quarter (Q1) of 2020 from $3.7 million, including minority shareholders’ …

Financial Results

The company’s revenues slid to $13.01 million

9 July 2020 01:37 PM Maridive’s losses swell 434% in Q1 standalone financial indicators

Cairo – Mubasher: The unaudited standalone financial results of Maridive and Oil Services showed a 434% year-on-year (YoY) increase in its net losses to $7.53 million during the first quarter (Q1) of 2020, compared to $1.41 million. The company’s …

Financial Results

Maridive reported net profits of $2.64 million in 2019

28 June 2020 04:26 PM Maridive receives acquisition offer for subsidiary

Cairo – Mubasher: Maridive and Oil Services said that Khaled Abdullah Al Subeaei Holding Company offered to acquire its 99.99%-owned subsidiary Maridive Offshore Projects. The offer will be referred to the board of directors for approval, Maridive …

Mergers and Acquisitions

The company generated $202.8 million in revenue

23 April 2020 00:30 PM Maridive’s profit tumbles 81% in 2019

Cairo – Mubasher: The consolidated financial statements of Maridive and Oil Services reported an 81% year-on-year (YoY) plunge in its net profits during 2019. The company’s net profits fell to $2.64 million last year from $14.002 million in 2018, …

Financial Results

Maridive increased its stake in Valentine by 25%

5 March 2020 11:43 AM Maridive takes full ownership of Valentine Maritime

Cairo – Mubasher: The board of directors of Maridive and Oil Services approved a proposal to increase the share capital of its unit Valentine Maritime by $37 million. Maridive’s board agreed to acquire the remaining minority interest in Valentine, …

Corporate Actions

The company expects to finalise the negotiations in March

26 February 2020 05:47 PM Maridive in talks to restructure outstanding loans

Cairo – Mubasher: Maridive and Oil Services is currently in negotiations with some creditor banks to restructure outstanding loans provided to the company in line with its current and future liquidity position. Exiting operations in Venezuela to …

Banking and Finance

Revenues shrank to $105.5 million

12 January 2020 00:47 PM Maridive moves to loss in 9M consolidated financials

Cairo – Mubasher: The consolidated financial statements of Maridive and Oil Services reported a turn to losses during the first nine months of 2019. The company incurred net losses of $22.22 million during the nine-month period ended 30 …

Financial Results