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International Financial Advisors K.S.C.C.

IFA

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Open Price	Closing Price	Previous Price	Change (%)	High	Low

Buy (Price)	Buy (Volume)	Sell (Price)	Sell (Volume)	52 High	52 Low
Best Buy		Best Sell

Last Trade			Number of Trades	Volume	Value
Date:	Price:	Volume:

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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

Board Members

Top Management

Equity Profile

Subsidiaries

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 02-07-2020 08:36 AM Minutes of General Assembly	1 File(s)
IFA 23-06-2020 07:55 AM Resolutions of General Assembly	1 File(s)
IFA 22-06-2020 03:03 PM Elected BOD members in General Assembly	1 File(s)
IFA 22-06-2020 03:02 PM Resolutions of General Assembly	1 File(s)
IFA 02-06-2020 02:46 PM General Assembly date	1 File(s)
IFA 11-05-2020 09:08 AM Notification from the company	1 File(s)
IFA 06-05-2020 02:35 PM Notification from the company	1 File(s)
IFA 26-04-2020 02:51 PM Detailed analysis of the accumulated losses	1 File(s)
IFA 23-04-2020 08:09 AM Financial statements for the year of 2019	1 File(s)
IFA 23-04-2020 08:03 AM Results of BOD meeting	1 File(s)

Showing Last 10 Issuer News - IFA View all

IFA 10-12-2012 07:43 AM Announces the commencing of Miax Option Exchange	1 File(s)

Showing Last 10 Financial Reports - IFA View all

IFA 23-04-2020 08:09 AM Financial statements for the year of 2019	1 File(s)
IFA 16-02-2020 08:57 AM Preliminary financial results for the year of 2019	1 File(s)
IFA 17-11-2019 08:43 AM Financial statements for the 3rd QTR of 2019	1 File(s)
IFA 30-06-2019 10:30 AM Financial statements for the 2nd QTR of 2019	1 File(s)
IFA 31-03-2019 10:30 AM Financial statements for the 1st QTR of 2019	1 File(s)
IFA 31-12-2018 09:34 AM Financial statements for the year of 2018	1 File(s)
IFA 26-11-2018 11:13 AM Financial statements for the 3rd QTR of 2018	1 File(s)
IFA 30-06-2018 10:30 AM Financial statements for the 2nd QTR of 2018	1 File(s)
IFA 16-05-2018 08:06 AM Financial statements for the 1st QTR of 2018	1 File(s)
IFA 31-12-2017 10:30 AM Financial statements for the year of 2017	1 File(s)

Showing Last 10 General Meetings - IFA View all

Jun 23, 2020 07:55:00 AM - IFA - Resolutions of General Assembly

Meeting Date/Time

Jun 22, 2020 11:00:00 AM

Type of Meeting

General Assembly

Net Profit/Loss

-18402271

Cash Dividend

Bonus Share

Announcements/Resolutions

We would like to inform you that the company held an ordinary general assembly meeting today 22/06/2020, The general assembly approved the boards of directors’ suggestion to not distribute any profit for the fiscal year ended in 31/12/2019.

We would also like to inform you that the general assembly agreed to delegate the board of directors for the sale and purchase of no more than 10% of the company’s shares in according to the articles of law No.7 for 2010 and the executive in law and the amendments

Note that the assembly agreed on all the listed terms on the AGM Agenda unanimously.

We will provide you with the general assembly meeting’s minutes upon credence by the Ministry of Commerce and Industry in the State of Kuwait

Last Date For Dividend Entitlement

Ex-Dividend Date

Trading Suspension Date

Trading Resuming Date

Dividends Payment Date

Payment Entity

Meeting Venue

Kuwait - Al-Salhiya Commercial Complex Gate 1 - 5TH Floor

Jul 21, 2019 02:11:00 PM - IFA - Resolutions of General Assembly

Meeting Date/Time

Jul 18, 2019 10:00:00 AM

Type of Meeting

General Assembly

Net Profit/Loss

(57,299,806)

Cash Dividend

Bonus Share

Announcements/Resolutions

We hereby inform you that the Company held its postponed Extraordinary General Meeting (EGM) today, 18/07/2019. The Extraordinary General Assembly approved the accumulated losses write off amounted KD 57,299,806 as at 31/03/2019 through the use of the issuance premium of KD 11,973,061 in addition to a partial reduction of the capital by KD 45,326,745. The new capital has become 26,673,255 KD with a number of 266,732,550 shares. In accordance with the provisions of the Commercial Companies Law, Article No. 219, the Extraordinary General Assembly's resolutions shall be effective only after taking the publicity procedures.

Last Date For Dividend Entitlement

Ex-Dividend Date

Trading Suspension Date

Trading Resuming Date

Dividends Payment Date

Payment Entity

Meeting Venue

Kuwait

May 19, 2019 12:59:00 PM - IFA - Resolutions of General Assembly

Meeting Date/Time

May 16, 2019 11:30:00 AM

Type of Meeting

General Assembly

Net Profit/Loss

(15,461,238)

Cash Dividend

Bonus Share

Announcements/Resolutions

The general assembly approved the boards of directors’ suggestion to not distribute any profit for the fiscal year ended in 31/12/2018.

Note that the assembly agreed on all the listed terms on the AGM Agenda unanimously.

Last Date For Dividend Entitlement

Ex-Dividend Date

Trading Suspension Date

Trading Resuming Date

Dividends Payment Date

Payment Entity

Meeting Venue

Kuwait

Jan 07, 2019 02:38:00 PM - IFA - Resolutions of General Assembly

Meeting Date/Time

Jan 06, 2019 11:00:00 AM

Type of Meeting

General Assembly

Net Profit/Loss

14,503,660

Cash Dividend

Bonus Share

Announcements/Resolutions

Please note that the company's postponing extraordinary general assembly was held today, 06/01/2019, where the assembly unanimously agreed to amend the company's objectives to become a holding company and amend Articles (2 and 5) of the Memorandum of Association and Articles (1 and 4) of the Articles of Association of the company in respect to the Company's purposes.

You will be provided with the minutes of the Extraordinary General Assembly Meeting upon its approval by the Ministry of Commerce and Industry in the State of Kuwait

Last Date For Dividend Entitlement

Ex-Dividend Date

Trading Suspension Date

Trading Resuming Date

Dividends Payment Date

Payment Entity

Meeting Venue

Kuwait

May 14, 2018 02:09:00 PM - IFA - Resolutions of General Assembly

Meeting Date/Time

May 13, 2018 12:00:00 PM

Type of Meeting

General Assembly

Net Profit/Loss

(8,263,609)

Cash Dividend

Bonus Share

Announcements/Resolutions

We would like to inform you that the company held an ordinary general assembly meeting today 13/05/2018, The general assembly approved the boards of directors’ suggestion to not distribute any profit for the fiscal year ended in 31/12/2017.

Note that the assembly agreed on all the listed terms on the AGM Agenda unanimously.

We will provide you with the general assembly meeting’s minutes upon credence by the Ministry of Commerce and Industry in the State of Kuwait.

Last Date For Dividend Entitlement

Ex-Dividend Date

Trading Suspension Date

Trading Resuming Date

Dividends Payment Date

Payment Entity

Meeting Venue

JW Marriot Hotel - Salhiya Hall

Jul 30, 2017 04:16:00 PM - IFA - Resolutions of General Assembly

Meeting Date/Time

Jul 31, 2017 12:00:00 PM

Type of Meeting

General Assembly

Net Profit/Loss

(2,690,381)

Cash Dividend

Bonus Share

Announcements/Resolutions

We would like to inform you that the company held an ordinary general assembly meeting today 31/07/2017, The general assembly approved the boards of directors’ suggestion to not distribute any profit for the fiscal year ended in 31/12/2016.

In addition, the Assembly approved the reappointment of Mr. Anwar Yousef Al-Qatami from Grant Thornton -Al-Qatami, Al-Aiban & Partners as an auditor of the company for the fiscal year ended in 31/12/2017, and elected new Board members for the next three years.

Note that the assembly agreed on all the listed terms on the AGM Agenda unanimously.

We will provide you with the general assembly meeting’s minutes upon credence by the Ministry of Commerce and Industry in the State of Kuwait.

Last Date For Dividend Entitlement

Ex-Dividend Date

Trading Suspension Date

Trading Resuming Date

Dividends Payment Date

Payment Entity

Meeting Venue

Public Authority of Industry / South Surra Main Hall 3

Jul 24, 2016 10:42:00 AM - IFA - Resolutions of its Assembly Meeting

Meeting Date/Time	Jul 17, 2016 11:00:00 AM	Type of Meeting	Annual General Meeting
Net Profit/Loss	1214181	Cash 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 Entitlement		Ex-Dividend Date
Register Closing (Settlement) Date		Trading Suspension Date
Trading Resuming Date		Dividends Payment Date
Payment Entity		Meeting Venue	Ministries complex third floor

Jun 27, 2012 08:34:00 AM - ifa - Announces the resolutions of its Annual General Meeting held on 21/06/2012

Meeting Date/Time	Jun 21, 2012 12:00:00 AM	Type of Meeting	Annual General Meeting
Net Profit/Loss	(20,452,040) KD	Cash Dividend	N/A
Bonus Share	N/A
Announcements/Resolutions	Approved 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 Entitlement	N/A	Ex-Dividend Date	N/A
Register Closing (Settlement) Date	N/A	Trading Suspension Date	21/06/2012
Trading Resuming Date	24/06/2012	Dividends Payment Date
Payment Entity		Meeting Venue	JW Marriott Hotel - Al Salhya Hall - first floor

Jul 13, 2011 11:10:00 AM - ifa - Announces the resolutions of its Extraordinary Meeting held on 24/05/2011

Meeting Date/Time	May 24, 2011 11:45:00 PM	Type of Meeting	Extraordinary Meeting
Net Profit/Loss	KD (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 Entitlement		Ex-Dividend Date
Register Closing (Settlement) Date		Trading Suspension Date
Trading Resuming Date		Dividends Payment Date
Payment Entity		Meeting Venue	JW Marriott Hotel, Al Salheya Ballroom

Jul 13, 2011 11:07:00 AM - ifa - Announces the resolutions of its Annual General Meeting held on 24/05/2011

Meeting Date/Time	May 24, 2011 11:00:00 AM	Type of Meeting	Annual General Meeting
Net Profit/Loss	KD (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 Entitlement		Ex-Dividend Date
Register Closing (Settlement) Date		Trading Suspension Date
Trading Resuming Date		Dividends Payment Date
Payment Entity		Meeting Venue	JW Marriott Hotel, Al Salheya Ballroom

Top ShareholdersLast Refreshed at:

1 EN

1

Article of Association - 0001

Foreign Investments View all

As of Date: 02-07-2020	National			GCC			Foreign
Country of Origin	Permitted	Actual	Available	Permitted	Actual	Available	Permitted	Actual	Available	Allowed Foreigners?
KW	100%	98.32%	1.68%	99.26%	0.74%	%	100%	0.94%	99.06%	Yes

Showing Last 10 Corporate Governance Reports - IFA View all

No data could be found.

Showing Corporate Actions - IFA View all

August 15, 2019 - capital reduction

Year	2019	Corporate Action Type	capital reduction
Last Date For Action Entitlement	15/08/2019	Ex-Dividend Date	18/08/2019
Register Closing (Settlement) Date	19/08/2019	Trading Suspension Date	Not Available
Trading Resuming Date	Not Available	Run (Effective) Date	Not Available
Corporate Action Details	Share Price is adjusted to 0.700 after the activation of company’s capital reduction

May 12, 2008 - Cash Dividends

Year	2008	Corporate Action Type	Cash Dividends
Last Date For Action Entitlement	12/05/2008	Ex-Dividend Date	13/05/2008
Register Closing (Settlement) Date	14/05/2008	Trading Suspension Date	12/05/2008
Trading Resuming Date	13/05/2008	Run (Effective) Date	Not Available
Corporate Action Details	Distribute 40% cash dividends as agreed in their AGM held on 12/05/2008.

May 12, 2008 - Bonus Shares

Year	2008	Corporate Action Type	Bonus Shares
Last Date For Action Entitlement	12/05/2008	Ex-Dividend Date	13/05/2008
Register Closing (Settlement) Date	14/05/2008	Trading Suspension Date	12/05/2008
Trading Resuming Date	13/05/2008	Run (Effective) Date	Not Available
Corporate Action Details	Issue bonus shares in the ratio of (10%) activated as agreed at the Annual General Meeting held on 12/05/2008.

April 29, 2008 - Bonus Shares

Year	2008	Corporate Action Type	Bonus Shares
Last Date For Action Entitlement	29/04/2008	Ex-Dividend Date	30/04/2008
Register Closing (Settlement) Date	01/05/2008	Trading Suspension Date	Not Available
Trading Resuming Date	Not Available	Run (Effective) Date	Not Available
Corporate Action Details	Issue bonus shares in the ratio of (60%) activated as agreed at the Annual General Meeting held on 29/04/2008.

June 5, 2006 - Bonus Shares

Year	2006	Corporate Action Type	Bonus Shares
Last Date For Action Entitlement	05/06/2006	Ex-Dividend Date	06/05/2006
Register Closing (Settlement) Date	07/06/2006	Trading Suspension Date	Not Available
Trading Resuming Date	Not Available	Run (Effective) Date	07/06/2006
Corporate Action Details	Issue 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 for the columns of Actual and Available are updated every two minutes during trading hours and every one hour after trading hours to reflect changes not associated with trading (if any).

Definitions:

Nationals:	Investors who hold the same nationality as the “Country of Origin” of the symbol.
GCC:	Investors who hold a GCC nationality, excluding investors from the “Country of Origin” of the symbol.
Foreigners:	All other nationalities. Note: For companies where GCC Permitted ownership limit is Not Applicable (NA), the ownership of GCC citizens will show in the ownership columns of Foreigners.
Permitted:	The maximum percentage of ownership allowed by the Company for the investors group.
Actual:	The owned quantity, unsettled trades. It also includes open buy orders between 8:00 AM and 3:00 PM.
Available:	Percentage available to own or allowed to trade (Permitted – Actual).

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.

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International Financial Advisors K.S.C.C.

Trading Summary -

Trading Summary Chart -

Historical Data

Daily Summary -

Company Brief

Key Facts

Board Members

Top Management

Equity Profile

Subsidiaries

Contact Details

Disclaimer

Definitions:

DisclaimerThe above published Ownership Percentages:

DISCLAIMER

DISCLAIMER

Disclaimer
The above published Ownership Percentages: