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01 january 2014
Home > Issuers > Listed Securities > Securities > Company Profile Page

Al Safwa Mubasher Financial Services PrJSC

SFWAMUBASHER
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  • Market: DFM
  • Symbol: SFWAMUBASHER
  • ISIN: AEA006001019
  • Sector: Private Joint Stock Companies (PrJSC)

Company Brief

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

Al Safwa Mubasher Financial Services is a Private Joint Stock Company  established & abiding Federal law no (8) for the year 1984 and its amendments, The Company obtained financial brokerage license from Securities and Commodities Authorities in August 5, 2006 under no: (604097). Al Safwa was listed on Dubai Financial Market as a private Joint Stock Company.

The Company main activity is Brokerage in trading securities, Companies Subsidiaries activities are Investment in commercial projects, Investment in industrial projects, Investment in economic projects.

Key Facts

ESTABLISHED

March 6, 2006

AUDITOR

KPMG

FISCAL YEAR END

DECEMBER

REGISTRAR

Al Safwa Mubasher Financial Services PrJSC

Board Members

CHAIRMAN

H.H.Sheikh Abdulaziz Bin Humaid Bin Rashid Al Noaimi

DEPUTY

H.E.Shaikh Mohammed Bin Ali  Bin Rashid Al Nuaimi

MEMBERS

Mr. Khalifa Yousif Abdulla Khouri
Mr. Ali Hussain Al Sada
Mr. Mohamed rasheed Al Ballaa
Mr. Khalid Mohammed Al Balla
Dr. Yaqoub Ali Saeed Khalaf Al Naqbi

 

Top Management

Managing Director
Dr. Yaqoub Ali Saeed Khalaf Al Naqbi

Chief Executive Manager
Mr. Ehab Mohamed Rashad Hamouda

Executive Manager

Mr. Sherif Mahmoud Mohamed Zohdi

Equity Profile

DATE OF LISTING:

Nov 26, 2015

SECTOR:

Private Joint Stock Companies (PrJSC)

AUTHORIZED CAPITAL:

563,841,748.00 AED

ISSUED SHARES:

563,841,748

SHARE PAR VALUE:

1.00 AED

Subsidiaries

Al Safwa Capital L.L.C

UAE

0.36 %

Drake & Scull International (ASIA) LimitedUAE49.00 %
Drake & Scull International LLCOman51.00 %
Drake & Scull SYRIA LLCSyria70.00 %
Drake & Scull InternationalEygpt100.00 %
Drake & Scull InternationalSingapore100.00 %
Drake & Scull International QATAR LLCQatar100.00 %
Drake & Scull International PJSC Jordan Rep OfficeJordan100.00 %
Drake & Scull Construction LLCUAE100.00 %
Drake & Scull Construction SPCBahrain100.00 %
International Centre for ContractingKSA50.00 %
DS Cayman Island No. 3 LimitedCayman Island100.00 %
Drake & Scull British Virgin Island Number One LimBVI100.00 %
Passavant EngineeringBVI100.00 %
DSO Development LimitedCayman Island50.00 %
Drake & Scull Engineering LLCUAE100.00 %
North Africa Structured Equity 1 LtdBVI100.00 %
Drake & Scull International LLC Abu DhabiUAE100.00 %
Drake & Scull International for Electrical ContractingKuwait75.00 %
Gulf Technical Construction Company LLCUAE100.00 %
Drake & Scull International General ContractingLibya65.00 %
Drake & Scull International Bahrain SPSBahrain100.00 %
Drake & Scull Construction KSAKSA99.50 %
Drake & Scull Equipment Trading & Rental LLCUAE99.00 %
Drake & Scull for Contracting Oil & Gas Fields Facilities LLCUAE70.00 %
Emirates Utility LLCUAE99.00 %
Luxury Developments LLCUAE50.00 %
Drake & Scull International (ASIA) LimitedUAE49.00 %
Drake & Scull International LLCOman51.00 %
Drake & Scull SYRIA LLCSyria70.00 %
Drake & Scull InternationalEygpt100.00 %
Drake & Scull InternationalSingapore100.00 %
Drake & Scull International QATAR LLCQatar100.00 %
Drake & Scull International PJSC Jordan Rep OfficeJordan100.00 %
Drake & Scull Construction LLCUAE100.00 %
Drake & Scull Construction SPCBahrain100.00 %
International Centre for ContractingKSA50.00 %
DS Cayman Island No. 3 LimitedCayman Island100.00 %
Drake & Scull British Virgin Island Number One LimBVI100.00 %
Passavant EngineeringBVI100.00 %
DSO Development LimitedCayman Island50.00 %
Drake & Scull Engineering LLCUAE100.00 %
North Africa Structured Equity 1 LtdBVI100.00 %
Drake & Scull International LLC Abu DhabiUAE100.00 %
Drake & Scull International for Electrical ContractingKuwait75.00 %
Gulf Technical Construction Company LLCUAE100.00 %
Drake & Scull International General ContractingLibya65.00 %
Drake & Scull International Bahrain SPSBahrain100.00 %
Drake & Scull Construction KSAKSA99.50 %
Drake & Scull Equipment Trading & Rental LLCUAE99.00 %
Drake & Scull for Contracting Oil & Gas Fields Facilities LLCUAE70.00 %
Emirates Utility LLCUAE99.00 %
Luxury Developments LLCUAE50.00 %
Drake & Scull International (ASIA) LimitedUAE49.00 %
Drake & Scull International LLCOman51.00 %
Drake & Scull SYRIA LLCSyria70.00 %
Drake & Scull InternationalEygpt100.00 %
Drake & Scull InternationalSingapore100.00 %
Drake & Scull International QATAR LLCQatar100.00 %
Drake & Scull International PJSC Jordan Rep OfficeJordan100.00 %
Drake & Scull Construction LLCUAE100.00 %
Drake & Scull Construction SPCBahrain100.00 %
International Centre for ContractingKSA50.00 %
DS Cayman Island No. 3 LimitedCayman Island100.00 %
Drake & Scull British Virgin Island Number One LimBVI100.00 %
Passavant EngineeringBVI100.00 %
DSO Development LimitedCayman Island50.00 %
Drake & Scull Engineering LLCUAE100.00 %
North Africa Structured Equity 1 LtdBVI100.00 %
Drake & Scull International LLC Abu DhabiUAE100.00 %
Drake & Scull International for Electrical ContractingKuwait75.00 %
Gulf Technical Construction Company LLCUAE100.00 %
Drake & Scull International General ContractingLibya65.00 %
Drake & Scull International Bahrain SPSBahrain100.00 %
Drake & Scull Construction KSAKSA99.50 %
Drake & Scull Equipment Trading & Rental LLCUAE99.00 %
Drake & Scull for Contracting Oil & Gas Fields Facilities LLCUAE70.00 %
Emirates Utility LLCUAE99.00 %
Luxury Developments LLCUAE50.00 %
Drake & Scull International (ASIA) LimitedUAE49.00 %
Drake & Scull International LLCOman51.00 %
Drake & Scull SYRIA LLCSyria70.00 %
Drake & Scull InternationalEygpt100.00 %
Drake & Scull InternationalSingapore100.00 %
Drake & Scull International QATAR LLCQatar100.00 %
Drake & Scull International PJSC Jordan Rep OfficeJordan100.00 %
Drake & Scull Construction LLCUAE100.00 %
Drake & Scull Construction SPCBahrain100.00 %
International Centre for ContractingKSA50.00 %
DS Cayman Island No. 3 LimitedCayman Island100.00 %
Drake & Scull British Virgin Island Number One LimBVI100.00 %
Passavant EngineeringBVI100.00 %
DSO Development LimitedCayman Island50.00 %
Drake & Scull Engineering LLCUAE100.00 %
North Africa Structured Equity 1 LtdBVI100.00 %
Drake & Scull International LLC Abu DhabiUAE100.00 %
Drake & Scull International for Electrical ContractingKuwait75.00 %
Gulf Technical Construction Company LLCUAE100.00 %
Drake & Scull International General ContractingLibya65.00 %
Drake & Scull International Bahrain SPSBahrain100.00 %
Drake & Scull Construction KSAKSA99.50 %
Drake & Scull Equipment Trading & Rental LLCUAE99.00 %
Drake & Scull for Contracting Oil & Gas Fields Facilities LLCUAE70.00 %
Emirates Utility LLCUAE99.00 %
Luxury Developments LLCUAE50.00 %
Drake & Scull International (ASIA) LimitedUAE49.00 %
Drake & Scull International LLCOman51.00 %
Drake & Scull SYRIA LLCSyria70.00 %
Drake & Scull InternationalEygpt100.00 %
Drake & Scull InternationalSingapore100.00 %
Drake & Scull International QATAR LLCQatar100.00 %
Drake & Scull International PJSC Jordan Rep OfficeJordan100.00 %
Drake & Scull Construction LLCUAE100.00 %
Drake & Scull Construction SPCBahrain100.00 %
International Centre for ContractingKSA50.00 %
DS Cayman Island No. 3 LimitedCayman Island100.00 %
Drake & Scull British Virgin Island Number One LimBVI100.00 %
Passavant EngineeringBVI100.00 %
DSO Development LimitedCayman Island50.00 %
Drake & Scull Engineering LLCUAE100.00 %
North Africa Structured Equity 1 LtdBVI100.00 %
Drake & Scull International LLC Abu DhabiUAE100.00 %
Drake & Scull International for Electrical ContractingKuwait75.00 %
Gulf Technical Construction Company LLCUAE100.00 %
Drake & Scull International General ContractingLibya65.00 %
Drake & Scull International Bahrain SPSBahrain100.00 %
Drake & Scull Construction KSAKSA99.50 %
Drake & Scull Equipment Trading & Rental LLCUAE99.00 %
Drake & Scull for Contracting Oil & Gas Fields Facilities LLCUAE70.00 %
Emirates Utility LLCUAE99.00 %
Luxury Developments LLCUAE50.00 %

Contact Details

Head Office - Dubai's Office

Dubai - UAE

Address

Dubai Financial Market - Office M17 

Phone No.

+971 4 328 9111

Fax No.

+971 4 331 1120

PO Box

185085

Sharjah's Office

Sharjah - UAE

Address

AlKhan – AlMajaz, AlNoor Tower Floor H 

Phone No.

+971 6 519 0888

Fax No.

+971 6 554 2406

PO Box

38499


Email address
admin@alsafwamubasher.ae

Website
www.alsafwamubasher.ae

Showing Last 10 Disclosures - SFWAMUBASHER View all
SFWAMUBASHER 05-10-2017 12:54 AM

Notification from the company

1 File(s)
SFWAMUBASHER 05-10-2017 12:53 AM

Results of BOD meeting

1 File(s)
SFWAMUBASHER 01-10-2017 02:34 AM

BOD meeting

1 File(s)
SFWAMUBASHER 14-08-2017 08:35 AM

Interim condensed consolidated financial statements for the 2nd QTR of 2017

2 File(s)
SFWAMUBASHER 06-07-2017 09:55 AM

Appointment of new CEO

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

Financial statements for the 1st half of 2017

1 File(s)
SFWAMUBASHER 28-05-2017 09:25 AM

Results of BOD meeting held by circulation

1 File(s)
SFWAMUBASHER 22-05-2017 08:03 AM

BOD meeting to be held by circulation

1 File(s)
SFWAMUBASHER 14-03-2017 08:22 AM

Results of BOD meeting

1 File(s)
SFWAMUBASHER 14-03-2017 08:20 AM

Resolutions of General Assembly

1 File(s)
Showing Last 10 Issuer News - SFWAMUBASHER View all
No data could be found.
Showing Last 10 Financial Reports - SFWAMUBASHER View all
SFWAMUBASHER 30-06-2017 10:30 AM

Financial statements for the 1st half of 2017

1 File(s)
SFWAMUBASHER 01-03-2017 01:04 AM

Financial statements for the year of 2016

1 File(s)
SFWAMUBASHER 30-09-2016 12:14 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
SFWAMUBASHER 30-06-2016 11:37 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
SFWAMUBASHER 10-04-2016 04:30 AM

Financial statements for the year of 2015

1 File(s)
SFWAMUBASHER 01-11-2015 08:32 AM

Financial statements for the year of 2013

1 File(s)
SFWAMUBASHER 01-11-2015 08:29 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
SFWAMUBASHER 01-11-2015 08:26 AM

Financial statements for the year of 2014

1 File(s)
Showing Last 10 General Meetings - SFWAMUBASHER View all
Meeting Date/TimeMar 13, 2017 05:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss0Cash Dividend
Bonus Share
Announcements/Resolutions

1. Approval of the amendment of Article (19)

 

2. Approving of the amendment of Article (23)

 

3. Approving on The report of the Board of Directors for the year ended 2016

 

4. Approving on The auditor's report for the fiscal year ended 2016.

 

5. Auditors were absolving for the fiscal year 2016.

 

6. Appointing (KPMG) as Company External Auditors for the year 2017 and with a fee of AED 150 Thousands.

 

7. Approving of  Shari'a report Committee of the Company for the year ended 2016.

 

8. Approving of the appointment of the following members in the Shari'a Committee for the year 2017:

Dr. Amin Fatih

- Sheikh Mahmoud Samaida.

 

9. Absolving Board of Directors' for the year ended 31 December 2016.

 

10. Electing the Company New Board of Directors from the following seven members:

 

Name

S

SHAIKH ABDULAZIZ HUMAID RASHD ALNOAIMI

1

SHEIKH MOHAMMED BIN ALI BIN RASHID ALNUAIMI

2

Eng .MOHAMED RASHEED ALBALLAA

3

ALI HUSSAIN ALSADA

4

KHALIFA YOUSIF ABDULLA HUSAIN ALKHOORI

5

Dr. YAQOUB ALI SAEED KHALAF ALNAQBI

6

KHALID MOHAMMED ALBALLAA

7


Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAddress Mall Dubai
1 File(s)
Meeting Date/TimeApr 21, 2016 12:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss(2,482,021)Cash Dividend
Bonus Share
Announcements/Resolutions
1-Approved Board of Directors Report on the activities of the co. for the year ended 2015
2-Approved of Auditors  Report for the year ended 2015
3-Released the members the Auditors for the year ended 2015. 
4-Reappointed M/S KPMG as the auditors for the year 2016 and for (90) thousands agreed fees .
5- Approved Sharia Report for the year ended 2015
6- Approved the appointment of the following members for Sharia’s Committee for the year 2016 as follows :-
1- Dr. Amin Fateh
2- Shk Mahmoud Somaida
7-Released the Members of the Board from Liability for the year 2015.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai
1 File(s)
Meeting Date/TimeJan 21, 2016 10:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss(2,482,021)Cash Dividend
Bonus Share
Announcements/Resolutions

-Merging with Mubasher Financial services company(l.l.c) was approved by annexation, as the evaluation report dated 9/12/2015  as per the evaluation done by "KPMG"who was appointed by the parties to issue its report as at 31/12/2014, that the value of  Mubasher Financial Services company after merging  in new company the value will be  "AED" 434 million  with percentage of 77%, and the value of Al Safwa Islamic Financial Services after merging process in new company will be  129,841,748 with percentage of (23)%, and total value of the two companies will be  AED 563841748, and merger agreement was approved.

-Approving the increase of Company's capital by AED (434) Million from AED (129,841,748) to become AED 563841748 by new issuing  new shares for beneficiary of Mubasher Financial Services Company (L.L.C) total (434) million shares, with value per share (1) AED.

-Board of Directors was authorized by the, take all necessary action regarding the merging , to sign a contract and apply for DFM inserts new stock, and any other action required to complete the integration process.

-Approval of  amended articles of association as follows :-

Article (2) in the article of association to be as follows:-

Company name is Al Safwa Mubasher Financial Services (PJSC)

Article (3) in the article of association to be as follows:-

Main office

Company head office and legal site of headquarter is in the Emirate of Dubai  

And it Board of Directors are allowed to establish branches or offices or agents in UAE or out UAE.

Article(5) in the article of association to be as follows:-

The purposes for which the company established :

 Brokerage activity in securities and Skuk, and any other activities approved by the Securities and Commodities authorities , for example, financial consulting and financial analysis and investment management and investment funds and portfolios fulfilling the requirements in order to obtain approval  and licenses to practice those activities.

Article(8) in the article of association to be as follows:-

Company's capital was increased by AED (434) Million , from AED (129,841,748) to AED (563841748), by issuing new shares total (434) million shares, value per share AED( 1).

Article (23) in the article of association to be as follows:-

Board of Directors are authorized to  compose among its members an Executive Committee and it consist of four members and committee held is correct in the presence of  committee President and at least two members, and may also grant certain authorization and functions to other as it sees fit with delegating.

Article (26) in the article of association to be as follows:-

Board  of Directors meeting  will be held on the invitation of the Chairman or his Deputy and two members of the Board of Directors, and participation in meetings through modern technology approved by SCA are allowed, also it is accepted that  board of Directors will issue  resolutions by circulation.

Article (41) in the article of association to be as follows:-

Board of Directors must invite General Assembly meeting when it is requested by  shareholder or more own shares representing(20)% of the capital at least, and must sent the invitation within five days from the date of submitting the request ,General Assembly should be held within a period of not less than fifteen days and not more than thirty days from the date of the invitation to the meeting.

Article (42) in the article of association to be as follows:-

Request mentioned in article (41) must be deposit at the Head Office of the company,indicating the purpose of the meeting and the issues to be discussed, and shareholder will submit a certificate from Dubai Financial market in which the company's shares are listed mention the prohibition of owned shares by him at his request until the General Assembly meeting will be held.

Article (45) in the article of association to be as follows:-

1-The company's General Assembly resolutions should be issued by a majority of the shares represented at the meeting.

2-General Assembly resolutions are issued according to the provisions of this law and the company discipline and it is obligatory to all shareholders, both were present at the meeting or absent and whether they agree on them or their opponents.

Article (46) in the article of association to be as follows:-

A Sharia’ Committee is formed in the company of two members, overseeing the company's transactions and dispositions and matching trades to Sharia, it is hired by the shareholders at the annual General Assembly, and Sharia members  allowances will be determined by the

Article (19) in the article of association to be as follows:-

The company is managed by a Board of directors consists of eleven members and at least nine members elected by the General Assembly for three years.

Board of Directors .

Article(58) in the article of association to be as follows:-

The company should be resolved by resolution of  General Assembly to terminate Company period.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueHilton Sharjah
1 File(s)
Top ShareholdersLast Refreshed at: 23 October 2017

Individual Investors

ShareholdersPercentage
شركة مباشر للخدمات الماليه ش .م.ب مقفله 76.20%

No data could be found.
Foreign Investments View all
National GCC Arab Other Nationalities
Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
UAE 11.76% 100% 87.35% 100% 0.89% 49% 0% 49% 23-10-2017
Showing Last 10 Corporate Governance Reports - SFWAMUBASHER View all
No data could be found.
No data could be found.
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

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