Maridive and Oil Services News - Mubasher Info
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04 February 08:26 PM

Maridive and Oil Services (MOIL)

Last update: 02:29 PM market time.
0.44
0.02
5.52%
Open 0.42
Previous Close 0.42
High 0.45
Low 0.42
Stock Statistics
Volume 1,225,346
Turnover 538,222.62
All data are 15 minutes late during market session

News

Photo Archive
26 January 05:05 PM Maridive & Oil Services to sell vessel Harmouni DUA for $5m
Cairo - Mubasher: Maridive & Oil Services plans to sell the vessel Harmouni DUA for $5 million, following a series of financial and technical evaluations. The board members also approved the financial valuation report prepared by RSM Financial …
Companies Investments
Photo Archive
14 December 2025 02:31 PM Maridive & Oil Services wins 3-year petroleum contract in UAE
Cairo - Mubasher: Maridive & Oil Services has signed a three-year contract in the UAE to provide exploration, maintenance, and production support services in the petroleum sector. The deal, valued at $8.95 million annually, is scheduled to start …
Companies Investments
Photo Archive
8 December 2025 11:48 AM Maridive’s unit wins 15-year petroleum services contract in GCC country
Cairo - Mubasher: Maridive Offshore Projects, a subsidiary of Maridive & Oil Services, secured a 15-year contract in Qatar to provide maintenance and production support services in the petroleum sector. The contract holds an annual value of $10.15 …
Companies Investments
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 …
Mergers and Acquisitions
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 …
General Assembly
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 …
Board of Directors
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