• EMAARClarification from the company
  • SHUAANotification from the company
10:00
01 january 2014
Home > Issuers > Listed Securities > Securities > Company Profile Page

Gulfa Mineral Water & Processing Industries Co. PLC

GULFA
0.000
0.000
0.000%
Summary Period

Trading Summary -

Open Price Closing Price Previous Price Change (%) High Low
Best Buy Best Sell
Buy (Price) Buy (Volume) Sell (Price) Sell (Volume) 52 High 52 Low
Last Trade Number of Trades Volume Value
Date:
Price:
Volume:

Trading Summary Chart -

Daily Summary -

  • Market: DFM
  • Symbol: GULFA
  • ISIN: AEG000501011
  • Sector: Consumer Staples and Discretionary

Company Brief

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

Gulfa Mineral Water and Processing Industries Co. – PLC – the Company was established in Ajman by an Emiri Decree No. 13 issued by H.H The Ruler of Ajman on March 28, 1977. The Company started operations on May 24, 1977. The Company has fulfilled all the requirements of the commercial deferral law number 8 of 1984 and its subsequent amendments as per the decision of the Annual General Meeting (“AGM”) in its extra ordinary meeting held on February 20, 1993.

The Company owns and manages “Gulfa Mineral Water Plant” in Masfout – Ajman. Its main activities extends to production and bottling of mineral water, juices, soft drinks, food stuff Performs and Screw Caps, in addition to marketing the products of such plants.

Key Facts

ESTABLISHED

Mar 28, 1977

AUDITOR

Price water house coopers – PWC

FISCAL YEAR END

DECEMBER

Board Members

CHAIRMAN

Mr. Saif Rashed Saeed Hamarain

DEPUTY

Mr. Adnan Khalid Borsly

MEMBERS

Mr. Al Motaz Adil Al Alfi
Mr. Mohamed Ziad Ahmed Abdulrahim
Mr. Marwan Al Ali
Mr. Adel Mahmoud Mohamed Fahmy
Mr. Hamad Khalil Al Hashimi 

Top Management

GENERAL MANAGER

Mr. Adel Fahmy

FINANCIAL MANAGER/ INVESTORS RELATIONS 

Mr. Ramy Ibrahim

FACTORY MANAGER

Mr. Essam Amer

MANAGER/ADMINISTRATION & SHARES

Ms. Samira Abida

INTERNAL CONTROL MANAGER

Mr. Hamid Abdullah

DEPUTY GENERAL MANAGER

Okely Aly Okel

Equity Profile

DATE OF LISTING:

Apr 17, 2007

SECTOR:

Consumer Staples

AUTHORIZED CAPITAL:

40,000,000.00 AED

ISSUED SHARES:

30,000,000.00

PER VALUE SHARE:

1.00 AED

Subsidiaries

 

Contact Details

Head Office:

Ajman - U.A.E.

Address:

P.O.BOX: 929, Ajman, United Arab Emirates

Phone No.

+9716 7407100

Fax No.

+9716 7401900

Email address:

gulfa75@emirates.net.ae

Website:

http://www.gulfa.ae/

Showing Last 10 Disclosures - GULFA View all
GULFA 20-09-2017 08:26 AM

Results of BOD meeting

1 File(s)
GULFA 20-09-2017 08:25 AM

Resolutions of General Assembly

1 File(s)
GULFA 19-09-2017 10:30 AM

Resolutions of General Assembly

1 File(s)
GULFA 12-09-2017 03:02 AM

BOD meeting

1 File(s)
GULFA 29-08-2017 08:12 AM

Invitation of General Assembly

1 File(s)
GULFA 17-08-2017 08:26 AM

Results of BOD meeting

1 File(s)
GULFA 13-08-2017 08:10 AM

BOD meeting

1 File(s)
GULFA 31-07-2017 08:25 AM

Interim condensed financial statements for the 2nd QTR of 2017

1 File(s)
GULFA 27-07-2017 04:30 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
GULFA 14-05-2017 08:23 AM

Interim condensed financial statements for the 1st QTR of 2017

1 File(s)
Showing Last 10 Issuer News - GULFA View all
No data could be found.
Showing Last 10 Financial Reports - GULFA View all
GULFA 27-07-2017 04:30 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
GULFA 11-05-2017 10:30 AM

Financial statements for the 1st QTR of 2017

1 File(s)
GULFA 31-12-2016 01:31 AM

Financial statements for the year of 2016

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

Financial statements for the 3rd QTR of 2016

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

Financial statements for the 2nd QTR of 2016

1 File(s)
GULFA 01-05-2016 12:01 AM

Financial statements for the 1st QTR of 2016

1 File(s)
GULFA 31-03-2016 04:59 AM

Financial statements for the year of 2015

1 File(s)
GULFA 02-11-2015 03:12 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
GULFA 26-07-2015 03:30 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
GULFA 30-04-2015 03:30 AM

Financial statements for the 1st QTR of 2015

1 File(s)
Showing Last 10 General Meetings - GULFA View all
Meeting Date/TimeSep 19, 2017 12:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss-294291Cash Dividend
Bonus Share
Announcements/Resolutions

      Appointing Messrs/ Price water house coopers – PWC as external auditor for the company for the remaining period of the year 2017 instead of the current one – Rodl Middle East – for fees AED 110,400 (one hundred and ten thousand and four hundred Dirhams) , effective as of date.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueGulfa Headquarters -Shk. Khalifa bin Zayed st- Ajman
1 File(s)
Meeting Date/TimeApr 25, 2017 12:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss1352237Cash Dividend4
Bonus Share
Announcements/Resolutions

1-Approved the Board of Directors’ report in relation to the financial year ended December 31, 2016

2-Approved the Auditor’s report in relation to the financial year ended December 31, 2016

3-Approved the company’s balance sheet and profit and loss statement for the year ended December 31, 2016

4-Approved the Board of Directors’ recommendation in relation to cash dividend distribution of 4 fils per share aggregating to an amount of AED 1.2 million as per the below dates:

Last Date for Dividend Entitlement

3rd May 2017

Ex-Dividend Date

4th May 2017

Register Closing(Settlement Date)

7th May 2017

5-Approved to absolve the Board of Directors of the company from liability for the year ended December 31, 2016

6-Approved to absolve the External Auditors of the company from liability for the year ended December 31,2016

7-Reappointment of M/s. Rodl Middle East as External Auditors of the company for the financial year 2017 with annual fees AED 66,000 (AED Sixty Six thousand only)

8-Approved the remuneration of the Board of Directors of the company for the year ended December 31, 2016 amounting to 17 thousand AED per member (totaling 119 thousand AED)

9-Appointment of Mr. Hamad Khalil Al Hashmi as a new member in the Board of Directors as successor for Mr.Yousef Bin Fadel

Last Date For Dividend EntitlementWednesday, May 03, 2017Ex-Dividend DateThursday, May 04, 2017
Register Closing (Settlement) DateSunday, May 07, 2017Trading Suspension Date
Trading Resuming DateDividends Payment DateThursday, May 18, 2017
Payment EntityDubai Financial MarketMeeting VenueGulfa Headquarters-Ajman
1 File(s)
Meeting Date/TimeApr 18, 2016 12:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss1047212Cash Dividend
Bonus Share20%
Announcements/Resolutions

1-To ratify the annual report of the Board of Directors of the Company concerning the Company’s activities for the financial year ending 31 December 2015

2-To ratify the auditors’ report regarding the financial year ending 31 December 2015

3-To ratify the Company’s balance sheet and the profit and loss account of the financial year ending 31 December 2015

4-To discharge the members of the Board of Directors from liability relating to their respective duties during the course of the financial year ending 31 December 2015

5-To discharge the auditors from liability relating to their respective duties during the course of the financial year ended 31 December 2015

6-To appoint M/s.  Rodl Middle East as auditors of the Company for the financial year 2016 and determine their fees of AED 66,000.

Special Resolutions:

7-To approve the amendments of articles of association for the company to conform with the requirements of law no. 2 for 2015 for commercial companies and after the approval of concerned authorities

8-To ratify the proposal of board of directors to use whatever is required of the voluntary reserve to distribute bonus shares of 20% thus making the issued and fully paid capital reaches 30,000,000 AED (Thirty Million AED)

9-To approve to set the authorized capital for the company at 40,000,000 AED (Forty Million AED)

10-To approve setting the number of members of board of directors by 7 (seven) member to be appointed by the general assembly by cumulative secret voting

11-To determine the authorities of the board of directors as follows:

A-The board of directors has the full authority to manage the company and perform activities on its behalf- according to the business the company is authorized to perform- except for the limitations set by law of companies or the articles of association of the company

B-The board has the authority to establish the bylaws of administration, finance , personnel and employees compensation as well as bylaws organizing the board activities,meetings and allocation of authorities and responsibilities

C-The board of directors has the authority to appoint an executive president or general manager or several managers or representatives and to determine their authorities, terms of service and compensation , and it is not allowed for the general manager or executive president to be a general manager or executive president for another public joint stock company

12-To ratify the policy of profit distribution on shareholders as follows:

The annual net profit (after deduction of all general expenses and other costs) shall be distributed as follows:

A-A percentage of 10% of the net profit will deducted against legal reserve , the deduction will be stopped when the legal reserve reaches 50% of paid capital and if falls short again behind this percentage the deduction should be resumed

B-The general assembly has the authority to determine the percentage of profit to be distributed on shareholders after deduction of legal reserve ,and if the net profit for a certain year is not enough to distribute profit then there is no obligation to pay it from subsequent years' profit

C-A percentage not exceeding 10% of net profit after deduction of reserves and depreciation can be assigned as a compensation to the board of directors , the board propose the compensation and the general assembly ratifies it , provided that all penalties and fines imposed on the company through the year by SCA or concerned authority due to violation of company law or articles of association of the company should be deducted from this compensation yet the general assembly has the right to waive this deduction if it appears that this wasn't due to negligence of the board

D-A member of the board of directors can also be paid a salary or additional compensation as approved by the board if that member is working in a certain committee or providing additional efforts to the company beyond his normal duties as a board member, however it is not allowed to pay attendance allowance to the chairman or any member of the board

Last Date For Dividend EntitlementTuesday, April 26, 2016Ex-Dividend DateWednesday, April 27, 2016
Register Closing (Settlement) DateThursday, April 28, 2016Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityDubai Financial MarketMeeting VenueGulfa Headquarters in Ajman
1 File(s)
Meeting Date/TimeMar 31, 2015 12:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss6,414,305Cash Dividend65%
Bonus Share
Announcements/Resolutions

1.       Approval of Board of Directors Report for 2014

2.       Approval of auditor Report for 2014        

3.       Approval of balance sheet and income statement for 2014    

4.       Distribution of Cash dividends for 16250000 AED (65% of capital)  

5.       Relieve the board of directors and auditors from responsibility for the year 2014    

6.       Electing the new board of directors for the coming three years as follows :

·         Mr. Saif Rashed Hamar Ein

·         Mr. Adnan Khaled Borsly

·         Mr. Al Motaz Adil Al Alfi

·         Mr. Mohamed Ziad Ahmed Abdulrahim

·         Mr. Marwan Al Ali

·         Mr. Yousef Ali Fadil Bin Fadil

·         Mr. Adel Mahmoud Mohamed Fahmy          

7.       Appointment of Rodl Middle East as auditors for 2015 for annual fees 60,000 AED  

Last Date For Dividend EntitlementWednesday, April 08, 2015Ex-Dividend DateThursday, April 09, 2015
Register Closing (Settlement) DateSunday, April 12, 2015Trading Suspension Date
Trading Resuming DateDividends Payment DateThursday, April 23, 2015
Payment EntityGulfa Mineral Water Head OfficeMeeting VenueGulfa Head Quarters-Ajman
1 File(s)
Meeting Date/TimeMar 25, 2014 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss4,700,594Cash Dividend
Bonus Share
Announcements/Resolutions

1) Approval of Board of Directors' Report for company operation results for the year ended 31/12/2014                                               

2) Approval of the Audit Report issued by Rodl Middle East Audit Firm for year ended 31/12/2014                                            

3) Approval of the Audited Balance Sheet and Income Statement for the year ended 31/12/2014

4) No Distribution of Dividends for year ended 31/12/2014                                          

5) Discharge of Board of Directors and External Auditor's responsibilities for year ended 2013

6) Assignment of Rodl Middle East Audit Firm as the company's external auditor for the financial year 2014 with annual fees of 60,000 dirhams.                          
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension DateTuesday, March 25, 2014
Trading Resuming DateWednesday, March 26, 2014Dividends Payment Date
Payment EntityMeeting VenueGulfa Mineral Water and Processing Industries Company
1 File(s)
Meeting Date/TimeApr 08, 2013 12:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss4,200,503.00Cash Dividend0%
Bonus Share0%
Announcements/Resolutions

The 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 balance sheet and profit and loss account for 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 DateMonday, April 08, 2013
Trading Resuming DateTuesday, April 09, 2013Dividends Payment Date
Payment EntityMeeting VenueThe company's headquarters
1 File(s)
Meeting Date/TimeApr 09, 2012 12:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss3,158,955.00 AED Cash DividendN/A
Bonus ShareN/A
Announcements/ResolutionsApproved the report of the Board of Directors for the company's activity for the year ended 31/12/2011- Ratification of the auditor's report for the financial year ended 31/12/2011- Approved the balance sheet and profit and loss account for the financial year ended 31/12/2011- To absolve the President and members of the board of directors and auditors of the responsibility for the financial year ended 31/12/2011 - Election of new Board of Directors for the next three years - Appointment of auditors for the year 2012 and determine their fees
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension Date09/04/2012
Trading Resuming Date09/04/2012Dividends Payment Date
Payment EntityMeeting VenueThe company's headquarters - Ajman
1 File(s)
Meeting Date/TimeApr 12, 2011 12:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 2,924,181Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the report of the BOD & the auditor’s report for the year ended 31/12/2010 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2010- Absolved the members of the Board of Directors and auditors from responsibilities for the year ended 31/12/2010 – Approved to appoint auditors for the Financial Year 2011 and approved their fees – Approved to appoint new BOD member into company’s board
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date12/04/2011
Trading Resuming Date13/04/2011Dividends Payment Date
Payment EntityMeeting VenueCompany’s Building
Meeting Date/TimeApr 04, 2010 12:00:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossAED 2,757,000Cash Dividend
Bonus Share
Announcements/Resolutions- Approved amendments on Memorandum of Association
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date04/04/2010
Trading Resuming Date05/04/2010Dividends Payment Date
Payment EntityMeeting VenueCompany’s Building
Meeting Date/TimeApr 04, 2010 11:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 2,757,000Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the report of the BOD & the auditor’s report for the year ended 31/12/2009 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2009- Absolved the members of the Board of Directors and auditors from responsibilities for the year ended 31/12/2009 – Approved to appoint auditors for the Financial Year 2010 and approved their fees – Approved to appoint new BOD member into company’s board
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date04/04/2010
Trading Resuming Date05/04/2010Dividends Payment Date
Payment EntityMeeting VenueCompany’s Building
Top ShareholdersLast Refreshed at: 23 October 2017

Individual Investors

ShareholdersPercentage
الشركه الكويتيه للاغذيه امريكانا م.ع 89.46%

  • 1 EN
    1

    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:
UAE 3.43% 100% 94.39% 100% 2.07% 49% 0.11% 49% 23-10-2017
Showing Last 10 Corporate Governance Reports - GULFA View all
  • 20-04-2017

    GULFA - CGR 2016

  • 31-12-2015

    Corporate Governance Report - GULFA 2015

  • 01-01-2013

    Corporate Governance Report GULFA 2013

  • 01-01-2011

    Corporate Governance Report GULFA 2011

Showing Corporate Actions - GULFA View all
Year2017Corporate Action TypeCash dividend
Last Date For Action Entitlement5/3/2017Ex-Dividend Date5/4/2017
Register Closing (Settlement) Date5/7/2017Trading Suspension Date1/1/1900
Trading Resuming Date1/1/1900Run (Effective) Date1/1/1900
Corporate Action DetailsDistribute 4% cash dividends as agreed at the GA held on 25/04/2017
Year2016Corporate Action Typebonus shares
Last Date For Action Entitlement4/26/2016Ex-Dividend Date4/27/2016
Register Closing (Settlement) Date4/28/2016Trading Suspension Date4/18/2016
Trading Resuming Date4/18/2016Run (Effective) Date5/3/2016
Corporate Action DetailsDistribute 20% bonus shares as agreed at the GA held on 18/04/2016
Year2015Corporate Action TypeCash dividends
Last Date For Action Entitlement8/4/2015Ex-Dividend Date9/4/2015
Register Closing (Settlement) Date12/4/2015Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 65% cash dividends as agreed at the AGM held on 31/03/2015
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. 


DISCLAIMER

Dubai Financial Market herein after referred to as DFM attempts to ensure data and content on the Website is accurate, there is no charge for provision of data and DFM can only devote limited resources to the Website and any data. Content is only made available "AS IS" and on an "AS AVAILABLE" basis and may not always be accurate or up to date. Content may or may not have been prepared by DFM but is made available without responsibility on the part of DFM. DFM does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the Website or any of the content. No responsibility is accepted by or on behalf of DFM for any errors, omissions, or inaccurate content.