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International Financial Advisors K.S.C.C.

IFA
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  • Market: DFM
  • Symbol: IFA
  • ISIN: KW0EQ0200265
  • Sector: Invest. & Fin. Services

Company Brief

Country of Origin: Kuwait

International Financial Advisors – KSC (Closed) (“the Parent Company”) was incorporated on 31 January 1974 under the Commercial Companies Law No. 15 of 1960 and amendments thereto. The parent company is licensed as an investment company which operates its activity according to the regulations issued by the Central Bank of Kuwait and its articles of association.

The parent company is principally engaged in providing financial advisory services, trading in local and international securities, borrowing, lending, issuing guarantees, managing investment funds, investment portfolios and dealing with future contracts

Key Facts

ESTABLISHED

Jan 31, 1974

AUDITOR

Grant Thornton - Al-Qatami ,Al-Aiban@Partners
Rodl Middle East- Burgan international accountants

FISCAL YEAR END

DECEMBER

REGISTRAR

International Financial Advisors K.S.C.C.

Board Members

CHAIRMAN

Mr. Saleh Saleh Al Selmi

DEPUTY

Mr. Talal Jassim Al Bahar

MEMBERS

Mr. Bader Jassim Al Hajiri
Mr. Abdul Wahhab Ahmed Al Naqib

Top Management

EVP-Investment

Mr. Bassel Atieh

VP Finance

Mr. Aly Mostafa El-Haty 

VP Back Office 

Mr. Yasser Al-Nahhas

COO - HR
Mr. Mohammed Abu AlRub

Equity Profile

DATE OF LISTING

Sep 10, 2005

SECTOR

Invest. & Fin. Services

AUTHORIZED CAPITAL:

72,000,000.00 Kuwaiti Dinar

ISSUED SHARES

720,000,000.00

PER VALUE SHARE

1.00 Kuwaiti Dinar

Subsidiaries

Gulf Real Estate Company Kuwait 46.32 %
IFA Aviation Company Kuwait 74.80 %
IFA Hotels & Resorts Kuwait 57.23 %
Radeem Real Estate Company Lebanon 99.70 %
Dana Real Estate Company Lebanon 90.00 %
Seven Seas Resorts Company Kuwait 48.30 %
Suhail Telecommunication Services Company Kuwait 99 %
IFA Investments Switzerland 100 %

Contact Details

Head Office

Kuwait

Address

Al-Salhiya Complex, Gate (1) 5th floor - P.O. Box: 4694 Safat - 13047 Kuwait

Phone No.

+965 184 4432
+965 224 55636

Fax No.

+965 224 92212

Email address:

alihati@ifakuwait.com

Website

http://www.ifakuwait.com

Showing Last 10 Disclosures - IFA View all
IFA 13-07-2017 02:14 AM

Invitation of General Assembly

1 File(s)
IFA 16-05-2017 08:26 AM

Results of BOD meeting

2 File(s)
IFA 15-05-2017 07:30 AM

Financial statements for the 1st QTR of 2017

1 File(s)
IFA 14-05-2017 08:13 AM

Interim condensed consolidated financial statements for the 1st QTR of 2017

1 File(s)
IFA 14-05-2017 08:12 AM

BOD meeting

1 File(s)
IFA 01-05-2017 08:13 AM

Results of BOD meeting

1 File(s)
IFA 30-04-2017 10:36 AM

Financial statements for the year of 2016

1 File(s)
IFA 25-04-2017 08:18 AM

BOD meeting

1 File(s)
IFA 24-04-2017 08:22 AM

Consolidated financial statements for the year 2016

1 File(s)
IFA 03-04-2017 02:25 AM

Opens the nominations for BOD membership

1 File(s)
Showing Last 10 Issuer News - IFA View all
No data could be found.
Showing Last 10 Financial Reports - IFA View all
IFA 15-05-2017 07:30 AM

Financial statements for the 1st QTR of 2017

1 File(s)
IFA 30-04-2017 10:36 AM

Financial statements for the year of 2016

1 File(s)
IFA 30-09-2016 12:08 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
IFA 30-06-2016 11:43 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
IFA 01-06-2016 02:30 AM

Financial statements for the 1st QTR of 2016

1 File(s)
IFA 12-05-2016 03:30 AM

Financial statements for the year of 2015

1 File(s)
IFA 22-11-2015 03:38 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
IFA 15-09-2015 03:30 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
IFA 21-05-2015 03:30 AM

Financial statements for the 1st QTR of 2015

1 File(s)
IFA 06-05-2015 04:00 AM

Financial Statements for the year 2014

1 File(s)
Showing Last 10 General Meetings - IFA View all
Meeting Date/TimeJul 17, 2016 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss1214181Cash Dividend
Bonus Share
Announcements/Resolutions

First Item:

Unanimous approval on the Board of Directors` report for the financial year ended on 31st December 2015.

Second Item:

Unanimous approval on the company’s auditors` report for the financial year ended on 31st December 2015.

Third Item:

The shareholders were briefed on the penalties and irregularities report on the imposed on the company by the regulatory authorities for the financial year that ended on 31st December 2015, The Chairman of the meeting pointed to the letter of the ministry of Commerce &Industry No. (11608/2016) dated 26/06/2016 which contains the list of company’s violations observed by the ministry of Commerce & Industry which are:

 

1.      Company’s violation of the article (206) to provide data and convene a general   

assembly.

2.      Company’s violation of the article (183).

3.      Company’s violation of the article (191).

4.      Company’s violation of the article (22).

5.      Company’s violation of the international accounting standards, lack of investment property rating.

The Chairman replied that he will avoid such violations in the future.

Fourth Item

Unanimous approval on the financial statements and the profit & loss for the financial year ended on 31st December 2015.

Fifth Item

Unanimous approval on renewing of the approval of dealing with related parties during the financial year ended on 31st December 2015, And delegate the Board of Directors to conduct related transactions in the coming financial year.

Sixth Item

Unanimous approval on the proposal of the Board of Directors not to distribute the dividends of the financial year that ended on 31st December 2015.

Seventh Item

Unanimous approval on the proposal of the Board of Directors not to distribute remuneration to the Board of Directors for the financial year ended on 31st  December 2015.

Eighth Item

Unanimous approval to delegate the Board of Directors to purchase or sell not more than 10% of the amount of shares, in accordance with articles of Law No. (7) of 2010 and its implemented regulations and amendments thereto.

Ninth Item

Unanimous approval by all audiences to release the Board of director`s members and discharging of all is related to financial and legal actions for the financial year ended 31st  December 2015.

Tenth Item

Unanimous approval on the appointment of Mr. Anwar Al Qatami - Al Qatami &AL Aiban partners from Grant Thornton, And reappointment of Mr. Ali Abdulrahman AlHassawi From Roodle Middle East Office – Burqan International Accountants as auditors for financial year end on the 31st December 2016, and delegation of the Board of Directors in determining their fees.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueMinistries complex third floor
1 File(s)
Meeting Date/TimeJun 21, 2012 12:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss(20,452,040) KDCash DividendN/A
Bonus ShareN/A
Announcements/ResolutionsApproved the Board of Directors Report for the financial year ended 31/12/2011. Approved the report of Messrs. auditors for the financial year ended 31/12/2011. Approved the financial statements (balance and profit and loss account) for the financial year ended 31/12/2011 Approved the Board's proposal not to distribute dividends for the financial year ended 31/12/2011. Approved the recommendation of the Board of Directors not to distribute rewards members for the financial year ended 31/12/2011. Approved the deal with the related parties. Authorized the Board of Directors for a period not exceeding eighteen months to buy or sell the company for their shares in the range of 10% of the capital market value according to Law No. 132/1999. Approved the release party members of the board and been discharged discharge with respect to their behavior and legal responsibility for the financial year ended 31/12/2011. Set or reset the company's auditors for the financial year ended
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension Date21/06/2012
Trading Resuming Date24/06/2012Dividends Payment Date
Payment EntityMeeting VenueJW Marriott Hotel - Al Salhya Hall - first floor
1 File(s)
Meeting Date/TimeMay 24, 2011 11:45:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossKD (27,591,538)Cash Dividend
Bonus Share
Announcements/Resolutions- Approved to amend Article no. (5) of the Memorandum of Association & Article no. (4) of the Articles of Association of the company & added a new Article
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueJW Marriott Hotel, Al Salheya Ballroom
Meeting Date/TimeMay 24, 2011 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossKD (27,591,538)Cash Dividend
Bonus Share
Announcements/Resolutions- Approved BOD & auditors reports for the year ended 31/12/2010 - Approved the financial statements for the year ended 31/12/2010 - Approved not to distribute dividends for the year ended 31/12/2010 - Approved to delegate its BOD to enter into transactions - Discharged & released the BOD members from liabilities during the year ending 31/12/2010 - Approved to delegate its BOD to buy 10% of the company’s shares for 18 months - Elected new BOD members for the upcoming 3 years - Approved to re-appoint Grant Thoronton-Al Qatami & Al Aiban & Partners as well as Roodle Middle East – Ali Al Hasawi & Partners as auditors for the year 2011 & assigned the BOD to determine their remuneration
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueJW Marriott Hotel, Al Salheya Ballroom
Meeting Date/TimeMay 17, 2010 11:30:00 AMType of MeetingAnnual General Meeting
Net Profit/LossKD -21,955,961Cash Dividend
Bonus Share
Announcements/Resolutions- Approved Directors and auditor’s report for the year ended 31/12/2009 - Approved balance sheet and the profit & loss statements of the company for the year ended 31/12/2009-Approved to transact with related parties - Authorize BOD to buy back 10% company’s shares –- Absolved the members of the Board of Directors from responsibilities for the year ended 31/12/2009 - appointed auditors for the Financial Year 2010 and approved their fees – Approved not to distribute any profits
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date17/05/2010
Trading Resuming Date18/05/2010Dividends Payment Date
Payment EntityMeeting VenueG.W. Marriot Hotel - Kuwait
Meeting Date/TimeApr 29, 2008 11:00:00 AMType of MeetingExtraordinary Meeting
Net Profit/LossKD 95,310,621Cash Dividend
Bonus Share60%
Announcements/Resolutions- Increase Company's paid up capital by issuing bonus shares and cause necessary amendments to Article 5 of the Company and Article 6 of Company’s Association
Last Date For Dividend Entitlement29/ Apr /2008 Ex-Dividend Date30/Apr/2008
Register Closing (Settlement) Date01/May/2008 Trading Suspension Date29/ Apr /2008
Trading Resuming Date30/Apr/2008Dividends Payment Date
Payment EntityMeeting VenueMarriot courtyard Hotel
Meeting Date/TimeApr 29, 2008 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossKD 95,310,621Cash Dividend
Bonus Share60%
Announcements/Resolutions- Approved Directors and auditor’s report for the year ended 31/12/2007- Approved balance sheet and the profit & loss statements of the company for the year ended 31/12/2007 - Approved to distribute bonus shares of 60% -Approved to transact with related parties - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2007 - Approved to reword BOD appointed auditors for the Financial Year 2008 and approved their fees- Authorize BOD to buy back 10% company’s shares - Appointed BOD members for next three years.
Last Date For Dividend Entitlement29/ Apr /2008 Ex-Dividend Date30/Apr/2008
Register Closing (Settlement) Date01/May/2008 Trading Suspension Date29/Apr/2008
Trading Resuming Date30/April/2008Dividends Payment Date
Payment EntityMeeting VenueMarriot courtyard Hotel
Meeting Date/TimeMay 26, 2007 12:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossK.D (33,069,379)Cash Dividend
Bonus Share
Announcements/Resolutions- Approving the BOD report and auditors report - Appointing auditors for the year 2007 - Approving the auditors report, the balance sheet and the profit & loss statement of the company for the year 2006
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueJ W Marriot – Kuwait
Meeting Date/TimeJun 05, 2006 12:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossUSD 172,174,457Cash Dividend20%
Bonus Share50%
Announcements/Resolutions -Discuss and approve the Board Report for the financial year 2005. - Approve the financial Statements for the year ended 31/12/2005. - Approve the Board's recommendation regarding 2005 dividends and bonus shares. - Release Board of Directors from 2005 management's activities. - Appoint or re-appoint external auditors for the financial year 2006. - Authorize Board of Directors to take necessary actions to buy 10% of company’s shares.
Last Date For Dividend Entitlement 05/06/06 Ex-Dividend Date
Register Closing (Settlement) Date07/06/06 Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting Venue G W Marriot Kuwait
Meeting Date/TimeJun 05, 2006 11:00:00 AMType of MeetingExtraordinary Meeting
Net Profit/LossUSD 172,174,457Cash Dividend20%
Bonus Share50%
Announcements/Resolutions - Decrease Company paid up capital and cause necessary amendments to Article 5 of the Company Article of Association
Last Date For Dividend Entitlement 05/06/06 Ex-Dividend Date
Register Closing (Settlement) Date07/06/06 Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueG W Marriot Kuwait
Top ShareholdersLast Refreshed at:

Service error.

Foreign Investments View all
National GCC Arab Other Nationalities
Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
Kuwait 97.95% 100% 1.04% 100% 0.65% 100% 0.36% 100% 20-07-2017
Showing Last 10 Corporate Governance Reports - IFA View all
No data could be found.
Showing Corporate Actions - IFA View all
Year2008Corporate Action TypeCash Dividends
Last Date For Action Entitlement5/12/2008Ex-Dividend Date5/13/2008
Register Closing (Settlement) Date5/14/2008Trading Suspension Date5/12/2008
Trading Resuming Date5/13/2008Run (Effective) DateNot Available
Corporate Action DetailsDistribute 40% cash dividends as agreed in their AGM held on 12/05/2008.
Year2008Corporate Action TypeBonus Shares
Last Date For Action Entitlement5/12/2008Ex-Dividend Date5/13/2008
Register Closing (Settlement) Date5/14/2008Trading Suspension Date5/12/2008
Trading Resuming Date5/13/2008Run (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares in the ratio of (10%) activated as agreed at the Annual General Meeting held on 12/05/2008.
Year2008Corporate Action TypeBonus Shares
Last Date For Action Entitlement4/29/2008Ex-Dividend Date4/30/2008
Register Closing (Settlement) Date5/1/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares in the ratio of (60%) activated as agreed at the Annual General Meeting held on 29/04/2008.
Year2006Corporate Action TypeBonus Shares
Last Date For Action Entitlement6/5/2006Ex-Dividend Date5/6/2006
Register Closing (Settlement) Date6/7/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date6/7/2006
Corporate Action DetailsIssue bonus shares in the ratio of (50%) activated as agreed at the Annual General Meeting held on 05/06/2006. Number of shares becomes 2860420
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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