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National Industries Group Holding (S.A.K.)

NIND
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  • Market: DFM
  • Symbol: NIND
  • Sector: Industrials

Company Brief

National Industries Group Holding – SAK (“the parent company”) was incorporates in 1961 as a Kuwaiti shareholding company in accordance with the Commercial Companies Law in the State of Kuwait and in April 2003, its status was transformed to a “Holding Company”. The parent Company along with its subsidiaries are jointly referred to as “the group”. The parent company’s shares are traded on the Kuwait Stock Exchange and Dubai Financial Market.

The main objectives of the parent company include: owning stocks and shares in Kuwaiti or non-Kuwaiti shareholding companies and shares in Kuwaiti or non-Kuwaiti limited liability companies and participating in the establishment of, lending to and managing of these companies and acting as a guarantor for these companies; lending money to companies in which it owns 20% or more of the capital of the borrowing company, along with acting as guarantor on behalf of these companies; owning industrial equities such as patents, industrial trademarks, royalties, or any other related rights, and franchising them to other companies or using them within or outside the State of Kuwait; owning real estate and moveable property to conduct its operation within the limits as stipulated by law; employing excess funds available with the company by investing them in investments and real estate portfolios managed by specialized companies.

Key Facts

ESTABLISHED

Jun 20, 2006

AUDITOR

Grant Thornton

FISCAL YEAR END

DECEMBER

REGISTRAR

National Industries Group Holding (S.A.K.)

Board Members

CHAIRMAN

Mr. Saad Mohammed A. Al Saad

DEPUTY

Mr. Sulaiman Hamad Mohammad Al Dalali

MEMBERS

Mr. Ali Murad Y. M. Behbehani
Mr. Abdulaziz Ebrahim A. Al Rabiah
Mr. Salah Khalid F. A. Al Fulaij
Mr. Hussam Fawzi M. Al Kharafi
Ms. Maha Khalid S. Al Ghunaim
Dr. Abdul Aziz Al Rashid
Mr. Mohammed Abdul Mohsen Al Asfoor

Top Management

GM & GROUP FINANCE MANAGER

Mr. Ahmed Mohamed Hassan

CORPORATE AFFAIRS EXECUTIVE MANAGER

Mr. Faisal Abdulaziz Al Nassar

GROUP FINANCIAL CONTROLLER

Mr. Mubasher H. Sheikh

INDUSTRIAL INVESTMENT & DEVELOPMENT

Mr. Reyadh Al Edrissi

Equity Profile

DATE OF LISTING

Jun 21, 2006

SECTOR

Industrials

AUTHORIZED CAPITAL:

135,985,307.50 KD

ISSUED SHARES

1,359,853,075.00

PER VALUE SHARE

0.10 KD

Subsidiaries

 

Subsidiaries
National Industries Company for Building Materials Kuwait 74.00 %
Noor Financial Investment Company Kuwait 51.00 %
Ikarus Industrial Petroleum Company Kuwait 100.00 %
National Company for Ready Mix Concrete Kuwait 100.00 %
National Land Transport Company Kuwait 100.00 %
NI Group ( Bahrain ) EC Bahrain 100.00 %
Luluat Al Nasrullah Trading Company Kuwait 100.00 %
FTV Proclad UAE 100.00 %
Proclad International Group for General Trading Kuwait 100.00 %
National Combined Company for Industrial Projects Kuwait 100.00 %
National Combined Company for Health Services Kuwait 100.00 %
National Warehousing & Refrigeration Company Kuwait 100.00 %
National United Company for Art & Cinema productio Kuwait 100.00 %
National Combined Slaughter & Meat Company Kuwait 100.00 %
National Economic Consultancy Company Kuwait 100.00 %
NIC Holdings ( Guernsey ) Limited Guernsey 100.00 %
NIG ( Guernsey ) Limited Guernsey 100.00 %
NIG Holdings UK Plc United Kingdom 100.00 %
BI Group Plc United Kingdom 100.00 %

 

Affiliates
Kuwait Cement Company Kuwait 25.00 %
Al Mabanee Kuwait 18.00 %
Kuwait Privitization Project Company Kuwait 28.00 %
Kuwait National Company for Real Estate Investment Kuwait 16.00 %
Eastern United Company for Petroleum Services Kuwait 20.00 %
Marsa Alam Holding Company Kuwait 20.00 %
Kuwait Ceramic Company Kuwait 49.00 %

Contact Details

Head Office

Shuwaikh, Jahra Rd Interchange, opposite Keifan Bridge, Kwt

Address

Shuwaikh- Jahra Road Interchange, Opposite to Kaifan Bridge,P.O.Box:417 Safat:13005, Kuwait

Phone No.

+965 24844739

Fax No.

+965 24839582

Email address:

nigroup@nig.com.kw

Website

http://www.nigroup.net

Showing Last 10 Disclosures - NIND View all
NIND 11-06-2018 02:32 AM

Notification from the company

1 File(s)
NIND 05-06-2018 10:20 AM

Notification from the company

1 File(s)
NIND 20-05-2018 09:15 AM

Notification from the company

1 File(s)
NIND 15-05-2018 02:48 AM

Financial statements for the 1st QTR of 2018

1 File(s)
NIND 15-05-2018 02:45 AM

Financial statements for the 1st QTR of 2018

1 File(s)
NIND 15-05-2018 08:50 AM

Results of BOD meeting including preliminary financial results for the 1st QTR of 2018

1 File(s)
NIND 14-05-2018 02:34 AM

Minutes of General Assembly

2 File(s)
NIND 14-05-2018 02:20 AM

Resolutions of General Assembly

1 File(s)
NIND 13-05-2018 02:16 AM

Notification from the company

1 File(s)
NIND 13-05-2018 09:37 AM

Resolutions of General Assembly

1 File(s)
Showing Last 10 Issuer News - NIND View all
Showing Last 10 Financial Reports - NIND View all
NIND 15-05-2018 02:45 AM

Financial statements for the 1st QTR of 2018

1 File(s)
NIND 23-04-2018 08:36 AM

Financial statements for the year of 2017

1 File(s)
NIND 31-03-2018 03:03 AM

Financial statements for the 1st QTR of 2018

1 File(s)
NIND 07-11-2017 02:35 AM

Financial statements for the 3rd QTR of 2017

1 File(s)
NIND 30-06-2017 11:01 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
NIND 15-05-2017 10:30 AM

Financial statements for the 1st QTR of 2017

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

Financial statements for the year of 2016

1 File(s)
NIND 30-09-2016 02:16 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
NIND 30-06-2016 01:40 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
NIND 01-05-2016 10:30 AM

Financial statements for the 1st QTR of 2016

1 File(s)
Showing Last 10 General Meetings - NIND View all
Meeting Date/TimeMay 10, 2018 12:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss24160000Cash Dividend10
Bonus Share
Announcements/Resolutions


1-      Ratify the corporate Governance report and Audit committee report for the financial year ended December 31,2017.

2-      Ratify the Board of Directors report for the financial year ended December 31, 2017.

3-      Ratify the external Auditor report for the financial year ended December 31, 2017.

4-      The control will be subsequent, the Ministry of Commerce and Industry will provide the company with a list of violations, if any.

5-      Ratify the Financial Statements for the financial year ended December 31, 2017.

6-      Ratify the recommendation of BoD to deduct of 10% to the statutory reserve and No-deduction to the voluntary reserve.

7-      Approved of The BoD recommendation tothe AGM for the distribution of cash dividends at 10% of the share par value(i.e. 10 fils per share) and this is for the shareholders registered in the company records on the record date 24/5/2018. The distribution date is 31/5/2018, The BoD is authorized to amend the timeline if it is not possible to announce a confirmation of the aforementioned timeline at least 8 working days before the record day.

8-      Approved of The BoD remuneration of KD 480,000 for the financial year ended December 31, 2017.

9-      Approved of the company's transactions with related parties during the financial year ended December 31, 2017. There was an objection from Shareholders representing ownership percentage of 0.789%equivalent to 10,724,348 of the Group's shares.

10-  Approved to authorize the BoD to buy or sell no more than 10% of the company's treasury shares according to articlesof Law no. 7 of the year 2010 and its executive bylaws and amendments.

11-  Approved for The BoD to issue bondsand sukook denominated in Kuwaiti Dinar or in any other currency it deemsappropriate for a maximum not exceeding the legal sum and authorizing The BoD todetermine the type of these bonds, tenure, par value, coupon rate, maturitydate and all other terms and conditions after obtaining approval from regulatory authorities. There was an objection from Shareholders representingownership percentage of 0.789% equivalent to 10,724,348 of the Group's shares.

12-  Discharged of The BoD from anyliability for their financial, legal and administrative actions during the financial year ended December 31, 2017.

13-  Approved the re-appointment of the company's auditor (from CMA's approved auditors list) for the financial year ending December 31, 2018, and delegated The BoD to determine their fees,Auditor is Mr. Anwar Y. Al-Qatami of Grant Thornton – Al Qatami, Al-Aiban &Partners.

 

 


Last Date For Dividend EntitlementTuesday, May 22, 2018Ex-Dividend DateWednesday, May 23, 2018
Register Closing (Settlement) DateThursday, May 24, 2018Trading Suspension Date
Trading Resuming DateDividends Payment DateThursday, May 31, 2018
Payment EntityMeeting VenueNIND MAIN OFFICE
1 File(s)
Meeting Date/TimeMay 23, 2017 11:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss-24,192,000Cash Dividend-
Bonus Share-
Announcements/Resolutions

1.      Approved the Governances' report and Internal Audits'report for the year ended December 31, 2016.

 

2.      Approved the Board of Directors' reportin relation to the financial year ended December 31, 2016.

 

3.      Approved the independent Auditors' reportin relation to the financial year ended December 31, 2016.

 

4. Recitation of the report of the Company's violations of the financial statements recorded by the Ministry of Commerce and Industry for the financial year ended 31/12/2016. The three observations are :-

 

the Company's violation of the text of Article (6) ofthe Executive Regulation in the delay in submitting financial statements,

Company's violation of the text of Article (22) that all company papers must bear their name, data and the Commercial Register number, and

The Ministry reserves the right to override the Company's liabilities for its current assets.

 

The Chairman of the Board of Directors has promised torectify and avoid such violations in the future.

 

5.      Approved the Consolidated Financial Statements of the Company for the year ended December 31, 2016

 

6.      Approved non-distribution for the year ended December 31, 2016

 

7. Approved non-remuneration for Board of Directors' for the year ended December 31, 2016.

 

8. Approved Dealing with Related Parties'report for the year ended December 31, 2016.

 

9. Approved Authorize the Board of Directors to buy or sell up to 10% of own shares in accordance with the provisions of Law No. 7 of 2010 and its bylaws and related amendments.

 

10. Approved the Board of Directors' authorizationto issue bonds and sukook in Kuwaiti Dinar or any other currency the Board maydeem appropriate, up to the limit allowed by the law or the equivalent thereofin other currencies, and authorizing the Board of Directors' to determine thetype, tenor, nominal value, interest rate, maturity date and all other termsand conditions thereof after obtaining the approval of the competentsupervision authorities

11. Approved discharging the Board of Directors' from any finance, administrative and legal liability for the year ended December 31, 2016.

 

12. Re-appointment of Mr. Anwar Yousef AlQatami as the Independent Auditor for the year end December 31, 2017, and authorize the Board of Directors determine fees

 

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment Entity-Meeting VenueNIND Head Office - State of Kuwait
1 File(s)
Meeting Date/TimeMay 01, 2016 11:30:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss28910000Cash Dividend10%
Bonus Share
Announcements/Resolutions


1-       Approval and ratification of the report of the Group’s Board of Directors (BOD) for the financial year ended December 31, 2015.

 

2-       Approval and ratification of the report of the two auditors on the balance sheet as of December 31, 2015.

 

3-       No violations were noted by the supervisory authorities, and no penalties with regard thereto were imposed on NIG for the financial year ended December 31, 2015.

 

4-       The Annual General Meeting (AGM) approved of and ratified the balance sheet as of December 31, 2015 and the profit and loss account for the financial year ended December 31, 2015.  The representative of the Ministry of Commerce and Industry remarked that the company violated the provision of Article 206 of the Companies Law regarding the submission of the financial statements and issuing the invitation to held the AGM, the Chairman stressed on NIG’s keenness to abide the law, the financial information has been submitted and NIG requested for an AGM date after obtaining the consent of Kuwait stock exchange (KSE), and Capital Market Authority (CMA), and all the related process.  The second remark was regarding the ownership of 100% of a company. The third remark was concerning NIG's violation in registering shares of the subsidiary under the names of shareholders on behalf of the holding company, the Chairman indicated  regarding notes (2) and (3) that NIG distributed shares of NIG’s wholly-owned companies to its subsidiaries - that have been clarified in the financial statements for the period ended December 31, 2015 (note 1-7) - NIG will then activate its ownership in those companies by turning them into individual  companies according to the new corporate law No. 1 of year 2016. The fourth remark of the Ministry is on the excess of the current liabilities over the current assets, the Chairman indicated that this excess is a result of the application of the IAS regarding the reclassification of the current portion of the long term debts, and this is a matter of reclassification and should not regarded as a violation.

 

5-        Approval of the deduction of 10% to the statutory reserve.

 

6-       Approval of the No-deduction of 10% to the general reserve.

 

7-       Approval of the distribution a cash dividend of 10% of the nominal value, i.e. 10 Fils per share for shareholders registered in the group records as at the date of the AGM after deduction the treasury shares.

 

8-       Approval of the BOD’s remuneration amounting KD 430,000 for the year ended December 31, 2015.

 

9-       The approval to transact and deal with related parties with a percentage of 99.554%, and the remaining percentage of 0.446% disapprove to transact.

 

10-   The approval for the BOD to buy or sell up to 10% of own shares in accordance with the provisions of Law No. 7 of 2010 and its bylaws and related amendments.

 

11-   The approval and authorization of the BOD to issue bonds and sukook in Kuwaiti Dinar or any other currency the Board may deem appropriate, up to the limit allowed by the law or the equivalent thereof in other currencies, and authorizing the BOD to determine the type, tenor, nominal value, interest rate, maturity date and all other terms and conditions thereof after obtaining the approval of the competent supervision authorities with a percentage of 99.554%, and the remaining percentage of 0.446% disapprove to the issuance.

 

12-   The approval of discharging the BOD from any liability for their acts during the year ended December 31, 2015.

 

13-   The approval of the appointment of  Mr. Anwar Al Qatami, and the re-appointment of  Mr. Abdulatif Abdullah Al Majid as the independent auditors for the year ended December 31, 2016, and authorizing the BOD to determine their fees.

 

14-   An election of new BOD for upcoming three years was held by conducting secret ballot, and the admission of ten candidates, the election was conducted under the supervision of the representative of the Ministry of Commerce and Industry, and the chairman announced the following to be the board members for the next three years.

 

Voting result (No. of shares)

Name

668,864,401

Mr. Saad Mohammed Al Saad

668,864,401

Mr. Abdul Aziz Rashed Al Rashed

668,864,401

Mr. Ali Murad Behbehani

667,815,615

Mr. Husam Fawzi Al Kharafi

667,815,615

Mr. Sulaiman Hamad Al Dalali

667,815,615

Combined trust Real-Estate Co.

667,815,615

Mr. Abdul Aziz Ibrahim Al Rabiah

667,815,615

Mrs. Maha Khaled Al Ghunaim

655,536,651

Global Profession General Trading Co.

And the substitute board member

141,167,662

Global Commercial Privatization Co.


Last Date For Dividend EntitlementSunday, May 01, 2016Ex-Dividend DateMonday, May 02, 2016
Register Closing (Settlement) DateTuesday, May 03, 2016Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueNational Industries Group Holdings Office
2 File(s)
Meeting Date/TimeMay 20, 2015 01:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss28,282,000Cash Dividend12%
Bonus Share
Announcements/Resolutions

1. Approval and ratification of the report of the Group’s Board of Directors for the financial ended on 31.12.2014.

2. Approval and ratification of the report of the two auditors on the balance sheet as at 31.12.2014.

3. No violations were discovered by the supervision authorities and no penalties with regard thereto were imposed on the company for the financial year ended 31.12.2014.

4. The General Assembly approved of and ratified the balance sheet as at 31.12.2014 and the profit and loss account for the financial year ended 31.12.2014. The representative of the Ministry of Commerce and Industry remarked that the company violated the provision of Article 237 of the Companies Law issued by the Law Decree No. 25 of 2012 in connection with submitting the financial statements and issuing the invitation to hold the ordinary general assembly, and that the company committed a violation by owning 100% of a company. The Chairman of the Board of Directors clarified that the late presentation of the financial statements resulted from the late approval of the financial statements and the agenda of the general assembly by government authorities, namely, the Capital Markets Authority and the Kuwait Stock Exchange. With regard to the ownership of 100% of a company, the Chairman of the Board of Directors clarified that NIG already distribute shares of the fully owned subsidiaries to its subsidiaries as stated in 31-12-2014 financial statement (note 7) those shares will be treated as sole proprietorship company as per the new companies law No. 25 of 2012.

5. Approval of the profits allocation account as proposed by the Board of Directors by the distribution of cash dividend 12% of the capital to the shareholders registered in the books of the company as the holding date of this ordinary general assembly meeting

6. Approval of the directors remuneration in the amount of KD 430,000 for the financial year ended 31.12.2014.

7. Approval of dealings with related parties for the financial year ending 31.12.2014, and authorizing the directors also to deal with related parties for the financial year ending 31.12.2015.

8. Approval of authorizing the board of directors to buy or sell up to 10% of the company’s shares in accordance with the provisions of Article 175 of the Law No. 25 of 2012 and the instructions of the Capital Markets Authority concerning regulating the purchase by shareholding companies of their own shares (treasury shares) and the method of using and disposal thereof, No. CMA/QTA/TS/6/2013.

9. Approval of authorizing the Board of Directors to issue securities and sukook in Kuwaiti Dinar or any other currency the Board may deem appropriate, up to the limit allowed by the law or the equivalent thereof in other currencies, and authorizing the Board of Directors to determine the type, tenor, nominal value, interest rate, maturity date and all other terms and conditions thereof after obtaining the approval of the competent supervision authorities.

10. Approval of releasing the members of the Board of Directors from liability for their acts during the financial year ended 31.12.2014.

11. Approval of the re-appointment of the Mr. Abdullatif Mohammed Al-Aiban of the Office of Al-Qatami and Al-Aiban and Partners and Mr. Abdullatif Abdullah Al-Majed of the office of Abdullatif Al-Majed & Partners, as auditors of the Group for the year 2015, and authorizing the Board of Directors  to determine their fees.

Last Date For Dividend EntitlementWednesday, May 20, 2015Ex-Dividend DateThursday, May 21, 2015
Register Closing (Settlement) DateSunday, May 24, 2015Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityKuwait Clearing Co. K.S.C MAQASAMeeting Venue NIG Building
1 File(s)
Meeting Date/TimeMay 28, 2014 11:00:00 AMType of MeetingAGM & EGM
Net Profit/Loss10,176,000Cash Dividend
Bonus Share5%
Announcements/Resolutions

AGM Resolutions:

1-      To approve the report of the Group Board of Directors for the fiscal year works ended in 31 / 12 / 2013 and signing on it.

2-      To approve report of accounts auditors of the general budget as it is in 31 / 12 / 2013.

3-      There are no violations observed by the controlling authorities and no penalties on the company for the fiscal year ended in 31 / 12 / 2013.

4-      The general budget is approved as it is in 31 / 12 / 2013 as well as calculation of benefits and losses for works of the fiscal year ended in 31 / 12 / 2013 and approving it. Representative of Ministry of Commerce and Industry presented her notes in respect with violation of the company to article 237 of companies act, issued by decree-law no. 25 of year 2012 relating presenting the financial details and calling for the general assembly; moreover, violation from the company’s side for possessing a company of % 100. Chairman of the board of directors reported that delay in submitting the financial details resulted from delay of the governmental authorities, Stoke Market Authority and Kuwait Stoke Market, in approving the financial details as well as works of general assembly. Regarding the company possession of % 100, chairman of the board explained that the company is owned to number of shareholders as per Companies Rules Act, but the percentage of % 100 is a result of the financial data collected by the accounts auditor as he collected the possessions of companies affiliated by the mother company.

5-      To approve capital of the group in the commercial registry in Ministry of Commerce and Industry, basing on approval of the ordinary and extraordinary general assembly held on 12 / 05 / 2011 as mentioned in minutes of the general assembly referred to (attached hereof); whereas increase of the group capital basing on decision of the ordinary and extraordinary general assembly of the group held on 21 / 05 / 2009, procedures of execution have not started to be performed; therefore, Board of Directors has recommended cancelling them and to affirm  them in the commercial registry in Ministry of Commerce and Industry. Be it known that the purpose of such is to issue organized commercial approvals.

6-      To approve calculation of distributing benefits as per suggestion of board of directors by distributing bonus benefits of % 5 of the capital and to be allocated to shareholders registered in company registries in date of the working day prior to day of amending share price.

7-      To approve rewards of members of board of directors amounting KD 90 thousand for the year ended in 31 / 12 / 2013.

8-      To accept dealing with related parties for the year ended in 31 / 12 / 2013.

9-      To accept delegation of board of directors to purchase or sell company shares not exceeding % 10 of its shares as per article no. 175 of act no. 25 of year 2012 as well as instructions Stoke Market Authority in respect with organizing to purchase stoke companies for their shares (Treasure Shares) as well as method of using and conducting them no. (H. A. M. / K. T. A/ T. SH./6/2013).

10-   To approve delegation of board of directors to issue securities and instruments in Kuwaiti Dinars or in other currency he sees proper not exceeding maximum legally permitted with or equivalent foreign currency; besides to delegate board of directors to determine type, period, nominated value, benefits price and date of payment of such securities and all their provisions and regulations after taking approvals of competent controlling authorities.

11-   To approve releasing M/S members of board of directors and releasing them of all relating actions made during the financial year ended in 31 / 12 / 2013.

12-   To approve regulations of selecting formation of nomination committee as well as its scope of work as per instructions of Stoke Market Authority no. 25 of year 2013 (principle 1/3).

13-   To approve reappointing of Mr. ABDULLATIF MOHAMMAD ALOBIAN of Al-Qattami & Al-Obian & Partners Office and Mr. ABDULLATIF ABDULLAH ALMAJED of Abdullatif Al-Majed & Partners Office, the group accounts auditors as well for year 2014 entitling board of directors to determine their fees.

EGM Resolutions:

1-   The approval of the resolution renewal of both the Ordinary General Assembly and, the Extra-ordinary General Assembly meeting dated 15\12\2011 to cancel the 25% capital increase equivalent to 294,340,490 shares at a par value of Fils 100, and a premium of Fils 350 per share, which was previously approved by both the ordinary and, the extra ordinary General Assembly meeting dated 21\5\2009.

2-   Increasing the company’s capital from KD 129,509,816.700 into KD 135,985,307.500 through distribution 5% of the company’s capital as a bonus shares dedicated to the shareholders registered in the company records in the working day preceding the share price amendment day.

3-   Approval to amend Article (5) of clause No. 2 of the company’s Articles of Association

4-   Approval of amendments to several articles of the Group’s articles of association according to the requirements of the Capital Markets Authority  and the Companies Law No.25 of 2012

Last Date For Dividend EntitlementWednesday, June 25, 2014Ex-Dividend DateThursday, June 26, 2014
Register Closing (Settlement) DateWednesday, June 25, 2014Trading Suspension Date
Trading Resuming DateDividends Payment DateThursday, July 03, 2014
Payment EntityKuwait Clearing Co. K.S.C MAQASAMeeting VenueNIG Building
1 File(s)
Meeting Date/TimeMay 05, 2013 12:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss17,757,000.00Cash Dividend0%
Bonus Share0%
Announcements/ResolutionsThe ratification of the Group 's management report of the Board on the work of the financial year ended 31/12/2012
The ratification of the auditors' report of the balance sheet as at 31/12/2012
The ratification of the balance sheet as at 31/12/2012 and the profit and loss account on the work of the financial year ended 31/12/2012
Agree not to distribute dividends for the financial year ended 31/12/2012
Approval of the authorization of the Governing Council to deal with the related parties until the date of the annual Ordinary General Assembly the following
Authorize the Board of Directors to purchase or sell shares of the company shall not exceed 10 % of the number of shares according to article No. (175 ) of Law No. 25 of 2012 , as amended
To approve the issuance of Islamic bonds shall not exceed the maximum authorized by law either in Kuwaiti Dinars or any of the trash and foreign delegate the Board of Directors in determining the type of those bonds and instruments , duration, and its nominal value and the interest rate and the date fulfilled and place disbursed inside or outside the State of Kuwait and other terms and conditions after taking the approval of the competent authorities , as provided for in Article No. (180 ) of the Companies Act No. 25 of 2012
Disclaimer gentlemen members of the Board of Directors and discharge ذمتهم all of what respect بالتصرفات that took place during the financial year ended 31/12/2012
Election of the Board of Directors for the next three years
Approve the appointment of an observer group accounts for the financial year ended 31.12.2013 and to authorize the Board of Directors to determine their fees
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension DateSunday, May 05, 2013
Trading Resuming DateMonday, May 06, 2013Dividends Payment Date
Payment EntityMeeting VenueKuwait
1 File(s)
Meeting Date/TimeMay 24, 2012 01:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss(34,032,000) KDCash DividendN/A
Bonus ShareN/A
Announcements/ResolutionsApproved the Board of Directors report on the work of the financial year ended 31/12/2011 Adopt the report of the auditors of the balance sheet as at 31/12/2011 Approved the balance sheet as at 31/12/2011 and profit and loss account on the work of the financial year ended 31/12/2011 Agreed not to distribute dividends for the financial year ended 31/12/2011. Approved the authorization of the Governing Council to deal with related parties until the date of the AGM the following annual. Renew the mandate of the Board of Directors to buy or sell shares within the group (10%) of the total capital for a period of (18) months, according to the text of the law No. 132 of 1986 Ministerial Resolution No. 15 of 1987. Disclaimer members of the board and discharge been discharged about everything related dispositions made during the fiscal year ended 31/12/2011. The group approved in order to issue Islamic bonds, or traditional, within the State of Kuwait by the maximum allowable, or outsid
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension Date24/05/2012
Trading Resuming Date27/05/2012Dividends Payment Date
Payment EntityMeeting VenueShuwaikh - Jahra Road intersection with Airport Road for bridge Kevan - Kuwait
1 File(s)
Meeting Date/TimeMay 12, 2011 11:30:00 AMType of MeetingExtraordinary Meeting
Net Profit/Loss(26,208,000) KDCash Dividend
Bonus Share
Announcements/Resolutions- Cancelled the increase of 25% of its paid up capital as approved in its AGM/EGM on 21/05/2009
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany's Head office
Meeting Date/TimeMay 12, 2011 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss(26,208,000) KDCash 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 with related parting until its upcoming AGM next year - Approved to delegate its BOD to buy 10% of the company’s shares of its total capital for 18 months - Discharged & released the auditors as well as the BOD members from liabilities during the year ending 31/12/2010 - Cancelled the increase of 25% of its paid up capital as approved in its AGM/EGM on 21/05/2009 - Approved to handle the procedures for issuance of Islamic or Traditional bonds in or outside Kuwait by Dinar or other foreign currency - Reduce total loss of the company - Approved to appoint or re-appoint 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 VenueCompany's Head office, Meetings Room
Meeting Date/TimeMay 06, 2010 12:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossKD -35,528,000Cash 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 – Approved issuing Bonds - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2009 - appointed auditors for the Financial Year 2010 and approved their fees - Approved electing BOD members for the next three years
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date06/05/2010
Trading Resuming Date09/05/2010Dividends Payment Date
Payment EntityMeeting VenueCompany’s Main building
Top ShareholdersLast Refreshed at:
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:
Kuwait 99.92% 100% 0.03% 100% 0.02% 100% 0.03% 100% 20-06-2018
Showing Last 10 Corporate Governance Reports - NIND View all
No data could be found.
Showing Corporate Actions - NIND View all
Year2018Corporate Action TypeCash Dividends
Last Date For Action Entitlement5/22/2018Ex-Dividend Date5/23/2018
Register Closing (Settlement) Date5/24/2018Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the GA held on 10/05/2018
Year2016Corporate Action TypeCash dividends
Last Date For Action Entitlement5/1/2016Ex-Dividend Date5/2/2016
Register Closing (Settlement) Date5/3/2016Trading Suspension Date8/9/1900
Trading Resuming Date8/9/1900Run (Effective) Date8/9/1900
Corporate Action DetailsDistribute 10% cash dividends as agreed at the GA held on 01/05/2016
Year2015Corporate Action TypeCash dividends
Last Date For Action Entitlement5/20/2015Ex-Dividend Date5/21/2015
Register Closing (Settlement) Date5/24/2015Trading Suspension Date5/20/2015
Trading Resuming Date5/21/2015Run (Effective) DateNot Available
Corporate Action DetailsDistribute 12% cash dividends as agreed at the AGM held on 20/05/2015
Year2008Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement5/5/2008Ex-Dividend Date5/6/2008
Register Closing (Settlement) Date5/7/2008Trading Suspension Date5/5/2008
Trading Resuming Date5/6/2008Run (Effective) DateNot Available
Corporate Action DetailsDistribute 75% cash dividends as agreed in their AGM held on 05/05/2008.
Year2008Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement5/5/2008Ex-Dividend Date5/6/2008
Register Closing (Settlement) Date5/7/2008Trading Suspension Date5/5/2008
Trading Resuming Date5/6/2008Run (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares in the ratio of (10%) activated as agreed at the Annual General Meeting held on 05/05/2008.
Year2007Corporate Action TypeCash Dividends Distributions
Last Date For Action Entitlement4/4/2007Ex-Dividend Date4/5/2007
Register Closing (Settlement) Date4/8/2007Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/8/2007
Corporate Action DetailsDistribute 70% cash dividends as agreed at the AGM and EGM held on 04/04/2007.
Year2007Corporate Action Typebonus shares
Last Date For Action Entitlement4/4/2007Ex-Dividend Date4/5/2007
Register Closing (Settlement) Date4/8/2007Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/8/2007
Corporate Action DetailsIssue bonus shares in the ratio of (10%) activated as agreed at the Annual General Meeting held on 04/04/2007. Number of shares becomes 1,177,361,971.
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.


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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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