October 4th, 2019 | 0 commentsThe consolidated financial statements of Maridive and Oil Services showed a turn to losses during the first half of 2019. The company incurred net losses of $4.5 million during the January-June period of 2019, versus net profits of $17.08 million in the year-ago period, including minority shareholders’ rights, according to a statement to...
October 3rd, 2019 | 0 commentsDana Gas, a leading gas company based in Sharjah, announced it has bought 1 million shares on 1 October 2019. This comes as part of the company’s buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019, according to a filing to the Abu Dhabi Securities Exchange (ADX). The average price...
October 2nd, 2019 | 0 commentsSaudi Basic Industries Corp. (SABIC) has announced that it obtained regulatory approvals to merge its wholly-owned affiliate Saudi Petrochemical Company with all the assets, rights, liabilities, and obligations in its wholly-owned affiliate Arabian Petrochemical Company. The transaction came in line with SABIC’s strategy to boost efficien...
October 2nd, 2019 | 0 commentsThe ordinary general meeting (OGM) of Misr Chemical Industries approved to distribute cash dividends and bonus shares to shareholders for fiscal year 2018/2019. The OGM agreed to distribute dividends of EGP 32.5 million or EGP 0.50 per share, in addition to 0.125 bonus share to be financed from the legal reserve, the company disclosed to...
October 1st, 2019 | 0 commentsADNOC Distribution, the UAE’s largest fuel and convenience retailer, announced that its board of directors has approved an interim cash dividend distribution of AED 1.194 billion or AED 0.0955 per share to its shareholders for the first six months of 2019. This represent the first dividend payment of the expected full-year 2019 dividend d...
October 1st, 2019 | 0 commentsDana Gas, a leading gas company based in Sharjah, has repurchased 500,000 shares on 29 September 2019 as part of the buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019. The average price of purchase transactions stood at AED 0.948 per share, the company said in a filing to the Abu...
October 1st, 2019 | 0 commentsMaridive and Oil Services seeks to enter new markets in the coming period after suspending its operations in Venezuela. The company’s board of directors decided to halt operations in Venezuela starting from 29 April 2019, according to a statement to the Egyptian Exchange (EGX) on Monday. This decision is consistent with the US sanctions a...
September 30th, 2019 | 0 commentsThe ordinary general meeting (OGM) of Alexandria Mineral Oils Co (AMOC) has approved to distribute cash dividends worth EGP 452 million to shareholders for fiscal year 2018/2019. The dividend will be paid in two installments worth a combined EGP 0.35 per share, AMOC said in a statement to the Egyptian Exchange (EGX) on Sunday. The dividen...
September 24th, 2019 | 0 commentsDana Gas, a leading gas company based in Sharjah, has repurchased 3.632 million shares on 22 September 2019 as part of the buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019. The average price of purchase transactions stood at AED 0.948 per share, the company said in a filing to t...
September 19th, 2019 | 0 commentsThe Saudi Kayan Petrochemical Co, listed on the Saudi Stock Exchange (Tadawul), on Wednesday announced that its feedstock supplies from Saudi Aramco have improved after curtailment went down to 37% from 50%. The reduction is likely to reach normal levels by the end of September as states by the Ministry of Energy, according to a bourse fi...
