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Home > Issuers > Listed Securities > Securities > Company Profile Page

Gulf General Investments Company

GGICO
0.382
-0.005
-1.290%
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  • Market: DFM
  • Symbol: GGICO
  • ISIN: AEG000301016
  • Sector: Invest. & Fin. Services

Company Brief

Country of Origin: United Arab Emirates (U.A.E)

Gulf General Investments Co. (P.S.C.) – Dubai (the “Parent Company”) is formed pursuant to Emiri Decree No. 2/73 dated July, 1973 and is incorporated as a Public Shareholding Company. The Parent Company operates in the United Arab Emirates under a trade license issued by the Department of Economic Development of the Government of Dubai. The “Group” comprises of Gulf General Investments Co. (P.S.C.) and its subsidiaries. The principal activities of the Parent Company are industrial holding and trust companies, commercial holding and trust companies, real estate agent, real estate development services, and general trading.

Key Facts

ESTABLISHED

Jul 23, 1973

AUDITOR

KPMG

FISCAL YEAR END

DECEMBER

REGISTRAR

Gulf General Investments Co

Board Members

CHAIRMAN

Mr. Abdulla Juma Majid Al Sari

DEPUTY

Mr. Majid Abdulla Juma Al Sari

MEMBERS

Mr. Ahmad Yousuf Habib Hassan Al Yousuf
Mr. Hamad Saif Hamad Abdulla Al Mheiri

Top Management

Assistant Managing Director  

Mr. Simon Philip

Deputy Managing Director

Mr.Mohamed Ali Al Sari

Assistant Managing Director

Mr. Mohamed Harib Fadel Al Mazrooei

Group Consultant

Mr. Bashar Al Zoubi

Head Of legal Department

Ms. Leonora Riesenburg

Group Finance Manager

Mr. Abhishek Gupta

Equity Profile

DATE OF LISTING

Apr 22, 2004

SECTOR

Invest. & Fin. Services

AUTHORIZED CAPITAL:

1,791,333,333.00 AED

ISSUED SHARES

1,791,333,333.00

PER VALUE SHARE

1.00 AED

Subsidiaries

EMIRATES LUBRICANTS LTD UAE 100.00 %
CROWN OILS COMPANY UAE 100.00 %
GULF PREFABRICATED HOUSES UAE 100.00 %
FALCON REINSURANCE COMPANY UAE 53.00 %
GGICO Investments LLC UAE 100.00 %
Gulf Castle UAE 100.00 %
Time Crystal Living Courts UAE 100.00 %
Time Topaz Living Courts UAE 100.00 %
Gulf Dura Industries LLC UAE 100.00 %
GGI Retail UAE 100.00 %
Green Air Technology UAE 75.00 %
Time Oak Hotel & Suites UAE 51.00 %
Time Hotel Management UAE 51.00 %
Elco Richmond Asphalt Product Trading UAE 51.00 %
Lloyds Engineering Co. LLC UAE 51.00 %
Lloyds Engineering Co. LLC UAE 51.00 %
Middle East World Factories Equipment LLC UAE 51.00 %
Sogour Al Khaleej General Trading UAE 50.00 %
Edwinton UAE 50.00 %
Carbon Energy UAE 50.00 %
Acorn Industries Co. LLC UAE 50.00 %
Dubai Al Ahila Transport LLC(DATE) UAE 50.00 %
Gulf Engineering Services LLC UAE 50.00 %
Horizon Aluminium Industries LLC UAE 50.00 %
Retail Arabia International LLC UAE 50.00 %
L.A.I. General Trading UAE 50.00 %
Oil Lab & Marine Surveyors Co.LLC UAE 50.00 %

Contact Details

Head Office

Dubai

Address

P.O. Box: 22588 Dubai, UAE

Phone No.

+9714 2821888

Fax No.

+9714 2868828

Email address:

info@ggico.ae

Website

http://www.ggicouae.com/

Showing Last 10 Disclosures - GGICO View all
GGICO 15-08-2017 08:17 AM

Results of BOD meeting including interim condensed consolidated financial statements for the 2nd QTR of 2017

2 File(s)
GGICO 13-08-2017 02:05 AM

BOD meeting

1 File(s)
GGICO 30-07-2017 08:36 AM

Resolutions of General Assembly

1 File(s)
GGICO 27-07-2017 11:52 AM

Resolutions of General Assembly

1 File(s)
GGICO 11-07-2017 08:41 AM

Invitation of General Assembly

1 File(s)
GGICO 30-06-2017 10:30 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
GGICO 15-05-2017 08:47 AM

Results of BOD meeting including interim condensed consolidated financial statements for the 1st QTR of 2017

2 File(s)
GGICO 15-05-2017 07:52 AM

Financial statements for the 1st QTR of 2017

1 File(s)
GGICO 08-05-2017 02:57 AM

BOD meeting

1 File(s)
GGICO 04-05-2017 02:05 AM

Minutes of General Assembly

1 File(s)
Showing Last 10 Issuer News - GGICO View all
GGICO 23-02-2015 09:56 AM

Announces the appointment of new CFO

1 File(s)
Showing Last 10 Financial Reports - GGICO View all
GGICO 30-06-2017 10:30 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
GGICO 15-05-2017 07:52 AM

Financial statements for the 1st QTR of 2017

1 File(s)
GGICO 29-03-2017 10:30 AM

Financial statements for the year of 2016

1 File(s)
GGICO 30-09-2016 10:30 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
GGICO 30-06-2016 12:25 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
GGICO 15-05-2016 05:07 AM

Financial statements for the 1st QTR of 2016

1 File(s)
GGICO 11-04-2016 04:30 AM

Financial statements for the year of 2015

1 File(s)
GGICO 15-11-2015 03:34 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
GGICO 12-08-2015 03:30 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
GGICO 17-05-2015 03:30 AM

Financial statements for the 1st QTR of 2015

1 File(s)
Showing Last 10 General Meetings - GGICO View all
Meeting Date/TimeJul 27, 2017 02:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss(98,757,000)Cash Dividend
Bonus Share
Announcements/Resolutions

With a quorum being present the following decisions were taken:

 

1.      The AGM approved the special resolution for the  company’s to  amend Article (24) of its Articles of Association to be read as follows:

 

A.     The Board of Directors shall have all authorities in the management of the Company and shall carry out all acts and acts on behalf of the Company as authorized by the Company, and exercise all the powers required to achieve its purposes, and shall not limit such powers and authorities except as provided by the Companies Law or the Articles of Association of the General Assembly. Without prejudice to the provisions of the law and its implementing decisions issued by the authority, the Board of Directors is authorized to contract loans for more than three years, sell the company’s stores, properties, mortgage the movable and immovable property of the company, discharge the debts of the company’s debtors from their obligations and to compromise or agree to resort the arbitration. 

 

B.     The Board of Directors shall establish regulations concerning administrative, financial, personnel and financial transactions. The Council shall also establish a regulation for the organization of its work and meetings and the distribution of competences and responsibilities.

 

2.      The AGM approved to add an item to the meeting agenda, requested by the shareholders, before the meeting was convened, moreover, the AGM approved the additional agenda item “to delegate the Chairman or whoever is designated by the Chairman to sign any contracts and/or loans and/or restructure/reschedule existing loans in excess of three years furthermore, authorize the Chairman or whoever is designated by the Chairman to take all the necessary measures to implement the content of this resolution.”

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueGGICO Offices
1 File(s)
Meeting Date/TimeApr 25, 2017 05:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss(98,757,000)Cash Dividend
Bonus Share
Announcements/Resolutions

With a quorum being present the following decisions were taken:

 

 

1-       Approve the report of the Board of Directors on the activities and financial position of the company for the year ended 31/12/2016.

 

2-     Approve the Statutory Auditor’s report for the year ended 31/12/2016.


3-      Approve the company’s balance sheet and profit & loss statements for the year ended 31/12/2016.

 

 

4-     The members of the Board of Directors were discharged from liability for the year ended 31/12/2016.

 

 

5-     The Statutory Auditor was discharged from liability for the year ended 31/12/2016.

 

 

6-     The AGM agreed to reappoint KPMG as GGICO’s Statutory Auditor for the year ended 31/12/2017.

 

7-     The AGM approved the special resolution to consider the continuity of the Company’s operations according to the requirements of article (302) of the UAE Federal law (2) of 2015 concerning commercial companies’

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueTime Grand Plaza Hotel – Al Qusais - Dubai
1 File(s)
Meeting Date/TimeMay 23, 2016 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss20723000Cash Dividend
Bonus Share
Announcements/Resolutions1-     The AGM elected  Ms. Al Soor Investments LLC represented by Mr. Abdelaziz Ali Saeed Alsheyoum Alshehhi, to become a member on GGICO’s Board of Directors
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueGGICO’s Offices located at Al Fattan Plaza – Al Garhoud - Dubai
1 File(s)
Meeting Date/TimeApr 25, 2016 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss20723000Cash Dividend
Bonus Share
Announcements/Resolutions

1-       Approve the report of the Board of Directors on the activities and financial position of the company for the year ended 31/12/2015.

 

2-     Approve the Statutory Auditor’s report for the year ended 31/12/2015.


3-      Approve the company’s balance sheet and profit & loss statements for the year ended 31/12/2015.

 

 

4-     The members of the Board of Directors and the Statutory Auditor were discharged from liability for the year ended 31/12/2015.

 

 

5-     The AGM agreed to reappoint KPMG as GGICO’s Statutory Auditor for the year ended 31/12/2016.

 

6-     The AGM agreed to appoint the elected the Board of Directors

 

SN

Candidate Name

Nationality

1

Mr. Abdalla Juma Al Sari

UAE

2

Mr. Mohamed Abdulla Juma Al Sari

UAE

3

Mr. Ahmad Yousuf Habib Al Yousuf

UAE

4

M/s. IGPL General Trading LLC Representative                                Mr. Hamad Al Muhairi  

UAE

5

M/s. Al Soor Investments LLC Representative                               Mr. Abdelaziz Ali Saeed Alsheyoum Alshehhi

UAE


As per SCA’s instructions, the election for the fifth board member is considered invalid since Mr. Majid Al Sari withdrew from the board membership and since M/s Al Soor Investments LLC represented by Mr. Abdelaziz Al Shehhi didn’t follow the election process when the election to GGICO’s board membership was opened, accordingly, SCA has requested to re-open the election for the fifth board member and elect the fifth member through a general assembly as per the law.

 

7-     The AGM agreed to allow the Chairman of the Board of Directors and the Directors to participate in businesses which might be in competition with the company’s business as per Article 152 (3) of the UAE Federal Law No. 2 of 2015.

 

8-     The AGM approved the special resolution for the  company’s amended Articles of Association in compliance with Federal Law No. 2 of 2015 (the “Companies Law”).

 

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueTime Grand Plaza Hotel – Al Qusais - Dubai
1 File(s)
Meeting Date/TimeApr 28, 2015 05:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss94289000Cash Dividend
Bonus Share
Announcements/Resolutions
  1. Approve the report of the Board of Directors on the activities and financial position of the company for the year ended 31/12/2014.
  2. Approve the Statutory Auditor’s report for the year ended 31/12/2014.
  3. Approve the company’s balance sheet and profit & loss statements for the year ended 31/12/2014
  4. The members of the Board of Directors and the Statutory Auditor were discharged from liability for the year ended 31/12/2014.
  5. The AGM agreed to reappoint KPMG as GGICO’s Statutory Auditor for the year ended 31/12/2015

 

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueTime Grand Plaza Hotel – Al Qusais - Dubai
1 File(s)
Meeting Date/TimeMay 13, 2013 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss(291,788,000.00)Cash Dividend0%
Bonus Share0%
Announcements/ResolutionsElection of Board of Directors
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueThe company's headquarters
1 File(s)
Meeting Date/TimeApr 29, 2013 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss(291,788,000.00)Cash Dividend
Bonus Share
Announcements/ResolutionsThe ratification of the report of the Governing Council on the activities of the company and its financial position for the financial year ended 31/12/2012
The ratification of the auditors' report for the financial year ended 31/12/2012
The ratification of the company's budget for the financial year ended 31/12/2012 and the profit and loss account
Discharge of the members of the Board of Directors and auditors on the work of the financial year ended 31/12/2012
Appointment of auditors for the year 2013 and determine their fees
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueTime Grand Plaza Hotel - Dubai
1 File(s)
Meeting Date/TimeApr 24, 2012 05:00:00 PMType of MeetingExtraordinary Meeting
Net Profit/Loss(1,078,071,000) AED Cash DividendN/A
Bonus ShareN/A
Announcements/ResolutionsApproved to amend the text of Article 26 of the Statute of the company. Approve the transfer of the legal reserve to reduce the accumulated losses.
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension DateN/A
Trading Resuming DateN/ADividends Payment Date
Payment EntityMeeting VenueTime Grand Plaza Hotel - Al Qusais - Dubai
1 File(s)
Meeting Date/TimeApr 24, 2012 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss(1,078,071,000) AED Cash DividendN/A
Bonus ShareN/A
Announcements/ResolutionsApproved the report of the Board of Directors, discuss and ratify it. Approved the report of the auditors for the financial year ended 31/12/2011. Approved of the balance sheet and profit and loss account for the financial year ended 31/12/2011. Discharged head and members of the board of directors and auditors on the work of the financial year ended 31/12/2011. Approved the re-appointment of auditors for the year 2012 and determine their fees. The election of Mr. Hamad Saif Al Muhairi member new board of directors instead of resigning member.
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension DateN/A
Trading Resuming DateN/ADividends Payment Date
Payment EntityMeeting VenueTime Grand Plaza Hotel - Al Qusais - Dubai
1 File(s)
Meeting Date/TimeApr 26, 2011 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss(973,741,000) AEDCash DividendN/A
Bonus ShareN/A
Announcements/ResolutionsApproved Directors and auditor’s report for the year ended 31/12/2010 -Approved on the consolidated financial statements for the year ended 31/12/2010 -Approved balance sheet and the profit & loss statements of the company for the year ended 31/12/2010 -Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2010 -Approved to appoint and re-appoint auditors for the Financial Year 31/12/2011
Last Date For Dividend EntitlementEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension Date27/04/2011
Trading Resuming Date27/04/2011Dividends Payment DateN/A
Payment EntityN/AMeeting VenueLAYA PLAZA Hotel - Dubai
Top ShareholdersLast Refreshed at: 20 September 2017

Individual Investors

ShareholdersPercentage
المجموعه الاستثماريه الخصوصيه المحدوده 50.13%
SALEM ABDULLA SALEM ALHOSANI 5.46%

  • 2 EN
    2

    Article of Association - 0001

Foreign Investments View all
National GCC Arab Other Nationalities
Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
United Arab Emirates 80.14% 100% 1.38% 49% 12.74% 49% 5.74% 49% 20-09-2017
Showing Last 10 Corporate Governance Reports - GGICO View all
  • 31-12-2015

    Corporate Governance Report - GGICO 2015

  • 01-01-2011

    Corporate Governance Report GGICO 2011

Showing Corporate Actions - GGICO View all
Year2009Corporate Action TypeBonus Shares
Last Date For Action Entitlement4/7/2009Ex-Dividend Date4/8/2009
Register Closing (Settlement) Date4/9/2009Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/10/2009
Corporate Action DetailsIssue 35% bonus shares as agreed at the AGM held on 30/3/2009 leading the number of shares reaches 1,458,000,000
Year2008Corporate Action TypeBonus Shares
Last Date For Action Entitlement4/7/2008Ex-Dividend Date4/8/2008
Register Closing (Settlement) Date4/9/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares in the ratio of (100%) activated as agreed at the Annual General Meeting held on 30/03/2008.
Year2007Corporate Action TypeBonus Shares
Last Date For Action Entitlement4/2/2007Ex-Dividend Date4/3/2007
Register Closing (Settlement) Date4/4/2007Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/4/2007
Corporate Action DetailsIssue bonus shares in the ratio of (35%) activated as agreed at the Annual General Meeting held on 25/03/2007. Number of shares becomes 540,000,000
Year2007Corporate Action TypeCash Dividends
Last Date For Action Entitlement4/2/2007Ex-Dividend Date4/3/2007
Register Closing (Settlement) Date4/4/2007Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/4/2007
Corporate Action DetailsDistribute 10% cash dividends as agreed at the AGM & EGM held on 25/03/2007.
Year2006Corporate Action TypeStock Split
Last Date For Action Entitlement4/3/2006Ex-Dividend Date4/4/2006
Register Closing (Settlement) Date4/5/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/5/2006
Corporate Action DetailsSplit the shares from AED 2 to AED 1 activated as agreed at the Extraordinary Meeting held on 26/03/2006. Number of shares becomes 300,000,000
Year2006Corporate Action TypeBonus Shares
Last Date For Action Entitlement4/3/2006Ex-Dividend Date4/4/2006
Register Closing (Settlement) Date4/5/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/5/2006
Corporate Action DetailsIssue bonus shares in the ratio of (50%) activated as agreed at the Extraordinary Meeting held on 26/03/2006. Number of shares becomes 150,000,000
Year2005Corporate Action TypeBonus Shares
Last Date For Action Entitlement3/23/2005Ex-Dividend Date3/24/2005
Register Closing (Settlement) Date3/26/2005Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date3/26/2005
Corporate Action DetailsIssue (30%) bonus shares as agreed at the Extraordinary Meeting held on 20/03/2005. Number of shares becomes 780,000,000
Disclaimer
  • Ownership percentage is subject to change based on several reasons including the following:
    1. Trading activity.
    2. Off-Market Transactions such as family and inheritance transfers.
    3. Changes in the nationality status of investors.
    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
    5. Capital increase by issuing new shares to a strategic investor.
    6. Converting Bonds into shares.
    7. Equity added to the equity of the associated group.
    8. Direct Deals.

 

Percentages are updated daily after 4 pm
Disclaimer
The above published Ownership Percentages:
  • Are updated daily at the end of every trading day based on date of trade and not settlement date.

  • The ownership percentages are rounded off to 2 decimal places

  • Ownership percentages are subject to change due to the following:

    1. Trading activities.

    2. Off-Market Transactions such as family and inheritance transfers.

    3. Changes in the nationality status of investors.

    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

    5. Capital increases, by issuing new shares to Strategic investor

    6. Converting bonds or Sukuk into shares.

    7. Changes of associated group’s ownership.

    8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

    9. Failed trade settlement.


DISCLAIMER

The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such.  Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees,  does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. 


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