Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Noor Posts Net Profit Of KD 9.05 Mln In '13  Join our daily free Newsletter

MENAFN - Arab Times - 29/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Noor Financial Investment Company declared its results for the year 2013 achieving a net profit of KD 9.05 million (Earnings per Share of 24.71fils)representing a growth of 100% compared to the net profit of KD 4.52 million (Earnings per Share of 12.34fils) last year. Abdullatif Al Asfour, Noor's Chairman and Managing Director, said that these results were achieved through the implementation of the Company's strategic plan. The company has repaidpart of its liabilities to the banks and reduced the debt over the past year in line with the approved restructuring plan. Al Asfour also declared that the company's board has proposed 10% bonus shares distribution on outstanding shares for the year 2013 subject to obtaining approval of the relevant authorities and the General Assembly of the company



The Kuwait Stock Exchange Company announces that the Board of Directors of National Real Estate Company met on Wednesday 26/3/2014, and approved the annual financial statements of the company for the year ended 31/12.2013 as follows

Particulars 31/12/2013 31/12/201

Profit (loss) (KD) 15,346,157 7,831,61

EPS (fils) 18.86 9.6

Total current assets 38,077,463 42,298,49

Total assets 522,031,570 512,652,93

Total current liabilities 163,627,013 114,987,74

Total liabilities 322,776,437 322,207,62

Total shareholders' equity 199,255,133 190,445,30

The total revenue from transactions with related parties is worth KD 916,671

The total expenses from transactions with related parties is worth KD 62,98

The Board of Directors has recommended the distribution of bonus shares of 5 percent of paid-up capital (5 shares for every 100 shares) for the year ended 31.12.201

Note that these recommendations are subject to approval by the General Assembly and the competent authorities





The Kuwait Stock Exchange Company announces that the Board of Directors ACICO Industries met on Wednesday 26/3/2014, and approved the annual financial statements of the company for the year ended 31.12.2013 as follows

Particulars 31/12/2013 31/12/201

Profit (loss) (KD) 6,413,542 2,641,38

EPS (fils) 25.88 10.6

Total current assets 21,915,291 22,440,11

Total assets 250, 378,266 242,445,23

Total current liabilities 20,557,402 20,218,93

Total liabilities 161,689,006 158,882,25

Total shareholders' equity 84,199,873 79,487,23

The total revenue from transactions with related parties is worth KD 0.00

The total expenses from transactions with related parties is worth KD 186,577

The Board of Directors has recommended distributions cash dividend of 10 percent of the nominal value of shares i.e. 10 fils per share and distribution of bonus shares of 5 percent of paid-up capital 5 shares for every 100 shares for the year ended 31.12.201

Note that these recommendations are subject to approval by the General Assembly and the competent authorities



The Kuwait Stock Exchange Company announces that the Board of Directors of Al-Argan International Real Estate Co. met on Wednesday 26/3/2014, and approved the annual financial statements of the company for the year ended 31.12.2013 as follows

Particulars 31/12/2013 31/12/201

Profit (loss) (KD) 3,864,390 4,378,37

EPS (fils) 15.08 17.0

Total current assets 40,496,904 32,281,16

Total assets 142,754,899 127,306,93

Total current liabilities 23,754,623 19,287,68

Total liabilities 71,648,887 58,200,21

Total shareholders' equity 71,106,012 69,106,72

The total revenue from transactions with related parties is worth KD 570,74

The total expenses from transactions with related parties is worth KD 437,607

The Board of Directors has recommended distributions of cash dividend of 7 percent of the nominal value of the shares i.e. 7 fils per share for the year ended 31.12.201

Note that these recommendations are subject to approval by the General Assembly and the competent authorities

 


Arab Times




  MENA News Headlines
 Mar 30 2015 - White House defends Pres. Obama's Mideast policiesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) White House press secretary Josh Earnest on Sunday defended the Obama administration approach to the crises in the Middle East, and said critics, including ...

 Mar 30 2015 - Saudi-led Op aims to protect Yemenis from occupation by radical group - JubeirKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Saudi Arabia entered the military action in Yemen at the invitation of the legitimate Yemeni government, and the Saudis are there "to protect the people of Yemen ...

 Mar 30 2015 - Arab leaders amend charter of security, peace councilKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Arab leaders adopted Sunday a resolution, at the conclusion of their 26th summit, amending the Arab Peace and Security Council in a bid to develop the Arab joint ...

 Mar 30 2015 - Arab leaders reiterate support to Libyan gov'tKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Arab leaders reiterated Sunday full political and financial support for the legitimate government in Libya.They also vowed necessary aid to the Libyan army in its ...

 Mar 30 2015 - Traffic to be diverted between Barwa Village and WakrahGulf Times
(MENAFN - Gulf Times) Ashghal has announced a major traffic diversion near Barwa Village, on the main road between Doha and Al Wakrah.The diversion is related to the construction of the Red Line ...

 Mar 30 2015 - 26th Arab Summit reaches historic decisionsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The 26th Arab Summit featured a great consensus among the Arab countries and reached historic resolutions which will help turn over a new leaf in joint action.The ...

 Mar 30 2015 - Single-lane traffic for 3 months on Najma Street stretchGulf Times
(MENAFN - Gulf Times) Starting from Tuesday, only single line traffic could be possible along a 100-metre stretch of Najma Street because of the infrastructural development works to be carried out ...

 Mar 30 2015 - Iran-West talks on nuclear file resumes but thorny issues remain on tableKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Ministers and officials representing Iran and six major powers resumed negotiations here on Monday in a new bid to reach a viable settlement to the thorny Iranian ...

 Mar 30 2015 - His Highness the Amir patronizes Koranic award sessionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's sixth session of the Holy Koran International Recitation and Memorization Award, patronized by His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber ...

 Mar 30 2015 - Bahrain's Investcorp to purchase US Nobel LearningMENAFN
(MENAFN) Bahraini Investcorp is set to purchase Nobel Learning, a US-based private education company fostering 176 schools, Reuters reported.While the value of the agreement remains undisclosed, the ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help