(MENAFN- Arab Times) Kuwait Stock Exchange (KSE) announced that the Capital Markets Authority (CMA) approved on Sep 24, 2013, the request of International Finance Company (IFC) to buy back or sell 10% of its shares maximum over six months from the date of approval. The repurchase value shall not exceed available equity financing sources.
Aqar Real Estate Investment Company (Aqar) announced that it has divested Jawhra Greens project, an infrastructure development project located in Losail, Doha, Qatar.
The divested investment is worth KD 1.01 million (USD 3.75 million), 40% of which was received while the remaining 60% will be received in May 2014.
Al Themar International Holding Company (Al Themar) will hold ordinary and extraordinary general meetings on Oct 8, 2013 at 11:00 a.m. at the Ministry of Commerce and Industry (MOCI) to discuss the following:
* Shareholders will elect two addtional board members.
* Amending articles No. 14, 16, 21 and 22 of the Articles of Incorporation with regard to the board of directors.
The ordinary and extraordinary general meetings of Taiba Holding Company amended Article No. 13 of the Articles of Incorporation so that it becomes as follows:
* The company shall be governed by a board of directors that consists of five members elected by the general assembly three a secret voting.
* Shareholders also elected two additional board members.
Al Deera Holding Company (Al Deera) announced that it has paid back KD 10.698 million loan to a local lender, making KD 4.87 million profit which will be recorded in Q3-13 financial statements.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.