Quotes: US 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
 Sep 22 2014 - HE Foreign Minister Meets UNRWA CommissionerQatar News Agency
(MENAFN - QNA) HE Foreign Minister Dr. Khalid bin Mohammed Al Attiyah met Monday at the headquarters of the State of Qatar's permanent delegation to the United Nations in New York with President of ...

 Sep 22 2014 - Minister of Foreign Affairs Meets Norwegian and Mexican Foreign MinistersQatar News Agency
(MENAFN - QNA) HE Minister of Foreign Affairs Dr. Khalid bin Mohammed Al-Attiyah met today at the headquarters of the Permanent Delegation of the State of Qatar to the United Nations HE the Foreign ...

 Sep 22 2014 - GCC Foreign Ministers Meet in New YorkQatar News Agency
(MENAFN - QNA) The Gulf Cooperation Council's (GCC) Foreign Ministers held last night a coordination meeting headed by Kuwait's First Deputy Prime Minister and Foreign Minister Sheikh Sabah ...

 Sep 22 2014 - Saudi to build solar power stations in 5 regionsMENAFN
(MENAFN) Saudi Arabia announced it is planning to build solar power stations in five regions by the end of next year, Saudi Gazette reported.The King Abdullah City for Atomic and Renewable Energy ...

 Sep 22 2014 - Bahrain airport's passenger traffic up 25 percent in AugustMENAFN
(MENAFN) Bahrain International Airport announced it registered a 25 percent increase in its passenger traffic during the month of August compared to the same month last year, Gulf Daily News ...

 Sep 22 2014 - GCC's infrastructure projects to reach USD86b by end of 2014MENAFN
(MENAFN) The value of Qatar's new infrastructure projects is expected to reach USD26.2 billion by the end of 2014, while the value of new projects across the GCC is expected to increase 77.8 percent ...

 Sep 22 2014 - UAE, US discuss ways to boost tradeMENAFN
(MENAFN) The bilateral trade and investment relations between the UAE and the US registered an increase in their non-oil trade, reaching USD26.9 billion in 2013, and the two countries are discussing ...

 Sep 22 2014 - Dubai's SKAI Holdings to invest USD600m in next 6 monthsMENAFN
(MENAFN) SKAI Holdings, the Dubai-based real estate investment firm, announced it is planning to invest USD600 million in the Dubai market over the next six months, Arabian Business reported.The ...

 Sep 22 2014 - Deyaar to start work on USD952m project in DubaiMENAFN
(MENAFN) Deyaar Development announced its new USD952 million megaproject Midtown, which is set to include a total of 27 buildings, Arabian Business reported.The project, which is expected to be ...

 Sep 22 2014 - Etihad, Air Berlin to woo the Chinese marketMENAFN
(MENAFN) Etihad Airways, the Abu Dhabi flag carrier, in collaboration with Germany's Air Berlin are planning to extend their business and target the Chinese market to promote Germany as a travel ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help