First Investment Co (ALOLA) News - Mubasher Info
UAE
Mubasher TV
 Contact Us Advertising   العربية
UAE
DFM Closed
ADX Closed
03 October 10:44 PM

First Investment Co (ALOLA`R)

Last update: 2 October 12:43 PM market time.
141.00
95.00
206.52%
Open 131.00
Previous Close 46.00
High 146.00
Low 128.00
Stock Statistics
Volume 62,029,573
Turnover 8,573,491.57
All data are 15 minutes late during market session

News

The board proposed to cut the company's capital by 31.25%
22 April 2020 04:56 PM First Investment turns to KWD 47m loss in 2019; capital cut proposed
Mubasher: First Investment Company turned to losses worth KWD 47.6 million ($153.15 million) during the fiscal year (FY) ended on 31 December 2019, against profits of KWD 239,499 ($770.370) in the previous year. The 2019 results are attributed to …
Financial Results
A First Investment Company subsidiary reached a settlement
28 November 2019 05:45 PM First Investment unit reaches tax settlement in Saudi Arabia
Mubasher: A First Investment Company subsidiary successfully reached an agreement with Saudi regulatory authorities to settle tax and Zakat claims, according to a statement on Thursday. The settlement will see the First Investment subsidiary …
Taxes
Profits registered KWD 80,110 in the third quarter of 2019
12 November 2019 05:24 PM First Investment profits lessen 36% in Q3
Mubasher: First Investment Company profits decreased by 36% year-on-year (YoY) during the third quarter (Q3) of 2019, according to a statement to Boursa Kuwait. In the three-month period ended 30 September, profits registered KWD 80,110, down from …
Financial Results
The company’s loss reached $10.77m
30 July 2019 04:56 PM First Investment turns to loss in Q2-19
Mubasher: First Investment turned to loss during the second quarter of 2019, according to a bourse statement released on Tuesday. The company’s loss reached KWD 3.27 million ($10.77 million) in Q2-19. During the first six months of the year, First …
Financial Results
First Investment expects a KWD 3.30 million rise in its cash flows
16 May 2019 02:46 PM First Investment sells KWD 3.3m stake in Saudi investment
Mubasher: First Investment Company inked a deal with a local company to sell a number of shares in one of its investments in Saudi Arabia. The transaction’s total cost amounted to KWD 3.30 million ($10.88 million), according to a filing to Boursa …
Mergers and Acquisitions
Profits totalled KWD 1.56 million ($5.14 million) in Q1-19
16 May 2019 01:08 PM First Investment records KWD 1.5m profit in Q1
Mubasher: First Investment achieved a positive turn in the financial results of the first quarter of 2019 when compared to the same free months last year. Profits totalled KWD 1.56 million ($5.14 million) in Q1-19 against losses of nearly KWD …
Financial Results
The KWD 1.76 million will be realised in the firm’s financial statement for the period ended 31 March
9 April 2019 03:53 PM Kuwait Awqaf pays KWD 1.8m to First Investment on court ruling
Mubasher: First Investment Company has announced that it has received a KWD 1.76 million payment from Kuwait Awqaf Public Foundation (KAPF), in addition to KWD 500 in legal fees according to a court ruling. The KWD 1.76 million will be realised in …
Management Decisions
First Investment and others won an auction to purchase 44% equity in Boursa Kuwait
28 February 2019 04:59 PM First Investment borrows KWD 3m to own equity in Boursa Kuwait firm
Mubasher: First Investment has signed a credit facilities contract with a local bank at a total value of KWD 3.265 million ($10.77 million).  The company noted that the purpose of this loan is owning shares in Boursa Kuwait Securities Company, …
Banking and Finance
The financial impact of this credit facilities deal will be realised in Q1-19
20 February 2019 03:37 PM First Investment inks KWD 3m loan deal
Mubasher: First Investment has signed a credit facilities agreement with a local bank at a value of KWD 3.265 million ($10.77 million), according to a bourse statement on Wednesday. The loan agreement was signed for First Investment to own a stake …
Banking and Finance
The board of directors recommended distributing no dividends for 2017
20 March 2018 10:20 AM Kuwait’s First Investment turns profitable in Q4
Mubasher: First Investment on Tuesday announced turning a profit in the fourth quarter of 2017, against suffering losses in the year-ago period. The firm’s profits amounted to KWD 265,340 ($885,830) in Q4-17, against suffering KWD 17,140 ($57,220) …
Financial Results
First Investment receives tax's value from Saudi unit
22 November 2017 11:42 AM First Investment receives tax's value from Saudi unit
Mubasher: Kuwait-based First Investment on Wednesday said it received the tax value from one of its subsidiaries in Saudi Arabia, while its stake in the unit reduced to SAR 3.36 million ($897,000), from SAR 22.76 million ($6.07 million). A profit …
Corporate Actions
Earnings decreased to about KWD 140,720 ($465,890) in Q3-17
13 November 2017 01:05 PM First Investment Q3 profits shrink 72%
Mubasher: First Investment reported a drop of 72% in profits during the third quarter of 2017 compared to the same period a year ago. Earnings decreased to about KWD 140,720 ($465,890) in Q3-17 from nearly KWD 502,050 ($1.66 million) in Q3-16, …
Financial Results
The stock of First Investment closed Wednesday’s session 0.43% lower
2 August 2017 06:32 PM First Investment unit inks $5.7m deal in Oman
Mubasher: A subsidiary of First Investment in Oman has signed a credit facilities contract with a local Islamic Bank in the Sultanate for a total of OMR 2.2 million ($5.7 million). The loan will be repaid over ten years, and will be used in …
Companies Investments
The financial impact from inking this contract will be registered in Q3
1 August 2017 03:10 PM First Investment inks KWD 3.25m deal
Mubasher: First Investment has signed a contract for purchasing a stake in the Canadian Medical Center for KWD 3.25 million ($10.78 million) in instalments. The financial impact from inking this contract will be registered in the income statements …
Companies Investments
(Photo Credit: Arabianeye-Reuters)
14 May 2017 01:11 PM First Investment profits surge 534% in 3M
Kuwait – Mubasher: First Investment on Sunday reported a 533.6% jump in its profits for the first quarter of 2017, compared to the year-ago-period. Profits reached KWD 284,980 ($930,400) in Q1-17, compared to KWD 44,980 ($146,900) in Q1-16, …
Financial Results
Photo Credit: Arabianeye-Reuters
8 May 2017 03:27 PM First Investment exits stake for SAR 8.48m
Kuwait – Mubasher: First Investment has signed an agreement to sell its entire stake in an associate for SAR 8.48 million or about KWD 688,920 ($2.26 million). The company expects a net loss of about KWD 80,690 which will be registered in the …
Companies Investments
Photo Credit: Arabianeye-Reuters
20 April 2017 06:03 PM Boursa Kuwait sees $1.2bn M&A deals in Q1
By: Eman Ghaly Mubasher: The first quarter of 2017 saw 13 merger and acquisition (M&A) deals executed at Boursa Kuwait, with a total value of KWD 366.23 million ($1.2 billion). These M&A deals included Adeptio AD Investments SPC’s compulsory …
Mergers and Acquisitions
Photo Credit: Arabianeye-Reuters
29 March 2017 11:47 AM First Investment Q4 losses shrink 42.9%
Mubasher: First Investment posted a decrease of 42.9% in losses to about KWD 17,140 ($56,180) during the fourth quarter of 2016 from KWD 30,000 ($98,340) in the same period of 2015. During the fiscal year, the company’s profits shrank by 50.3% to …
Financial Results
The Kuwaiti company's profits retreated 50.2% in the first nine months (Photo credit: Arabianeye-Reuters)
16 November 2016 11:50 AM First Investment turns profitable in Q3
Kuwait – Mubasher: First Investment on Wednesday reported turning a profit in the third quarter of 2016. The company posted KWD 502,050 ($1.65 million) in profits in Q3-16, against KWD 372,590 ($1.22 million) in the year-ago period, according to a …
Financial Results
The unit has distributed KWD 6.06 million on the shareholders (Photo Credit: Arabianeye-Reuters)
17 October 2016 01:36 PM First Investment gets KWD 2m from unit liquidation
Kuwait – Mubasher: First Investment received a cash amount of KWD 2.013 million from the liquidation of its 33.21%-owned subsidiary. First Energy Resources Company, the unit, has distributed KWD 6.06 million on the shareholders following the …
Companies Investments
No financial impact will be registered until the result of the appeal is announced (Photo Credit: Arabianeye-Reuters)
25 September 2016 01:12 PM First Investment’s unit may pay $6m zakat
Kuwait – Mubasher: First Investment has informed a subsidiary in Saudi Arabia to pay additional zakat dues worth SAR 22.75 million ($6 million or KWD 1.8 million). The subsidiary has started the procedures of appealing against the mentioned dues, …
Corporate Actions
H1-16 profits declined 88% - (Photo Credit: Arabianeye-Reuters)
16 August 2016 03:59 PM First Investment Q2 profits up 193%
Kuwait - Mubasher: First Investment Company reported a 193% surge in profits in the second quarter of 2016 to KWD 170,570 ($564,300) from KWD 58,230 ($192,700) in the same period last year. Profits dropped 88% year-on-year to KWD 215,550 in H1-16, …
Financial Results
First Investment got the approval of the CMA to distribute 5% bonus shares- (Photo Credit: Arabianeye-Reuters)
11 July 2016 02:45 PM First Investment to distribute 5% bonus shares on 5 June
Kuwait – Mubasher: First Investment got the approval of the Capital Markets Authority (CMA) to distribute 5% bonus shares or 5-for-100 shares to the registered shareholders on 5 June 2016, according to a bourse filing. The company announced …
Banking and Finance
The company will later announce the date of distributing 5-for-100 shares (Photo Credit: Arabianeye-Reuters)
11 July 2016 01:56 PM First Investment gets CMA’s nod on bonus shares
Kuwait-Mubasher: First Investment obtained the Capital Markets Authority’s (CMA) approval for distributing 5% bonus shares to the shareholders of records registered on 5 June; the date when the ordinary general meeting was held. The company will …
Cash Dividends
First Investment to consider distributing 5% bonus shares (Photo Credit: Arabianeye-Reuters)
5 June 2016 09:45 AM Kuwait’s First Investment to discuss FY15 dividends
Kuwait-Mubasher: First Investment will hold an ordinary general meeting on Sunday to consider the board’s recommendation of distributing 5% bonus shares or 5-for-100 shares for the fiscal year 2015. The distribution will not lead to an increase in …
General Assembly