Arzan Financial Group for Financing and Investment (ARZAN`R)

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News

29 July 2021 03:24 PM Kuwait's Arzan VC 2 invests $1.076m in Swvl's shares

Mubasher: Arzan Capital Holding Limited announced that Arzan VC 2 has invested $1.076 million in the shares of the ridesharing app Swvl, which has entered into a definitive agreement for a business combination with Queen's Gambit Growth Capital.  …

Companies Investments

22 June 2020 10:10 AM Arzan unit sells KWD 1.6m stake in Hill Top Netherlands

Mubasher: Arzan Capital Holding Limited, a 78.022%-owned subsidiary of Arzan Financial Group for Financing and Investment, has sold a stake in Hill Top Netherlands at a total value of EUR 4.66 million (KWD 1.58 million). After completing the sale …

Companies Investments

11 June 2020 03:22 PM Arzan Financial's unit forms new $26.25m company

Mubasher: Arzan Financial Group for Financing and Investment revealed that one of its subsidiaries has formed a new company at a total value of $26.25 million (KWD 8.08 million). Arzan Capital Limited, a 78.02%-owned subsidiary of Arzan Financial …

Companies Investments

8 June 2020 01:21 PM Arzan Financial cancels 2019 dividends; elects new board

Mubasher: Arzan Financial Group for Financing and Investment’s general assembly meeting approved the financial statements for fiscal year (FY) 2019 and the cancellation of the cash dividends for last year. It also consented to allocate a maximum …

General Assembly

12 May 2020 10:00 AM Arzan Financial to add Market Maker to business activity

Mubasher: The board of Arzan Financial Group for Financing and Investment decided to submit a licensing request to the Capital Markets Authority (CMA) to add the Market Maker activity to the company’s portfolio.    During its meeting on Monday, …

General Assembly

20 April 2020 04:16 PM Arzan Financial sees 57% lower earnings in 2019

Mubasher: The net profit of Arzan Financial Group for Financing and Investment slid by 57% in the fiscal year (FY) 2019 to stand at KWD 1.09 million from KWD 2.53 million a year earlier. The lower annual earnings were attributed to a higher …

Financial Results

13 April 2020 11:47 AM Arzan Financial sets up KWD 1m precautionary provisions for unit

Mubasher: Arzan Financial Group for Financing and Investment has set up precautionary provisions worth KWD 1 million on cash and semi cash balances for banks working with its subsidiary in Lebanon. The decision aims to absorb any credit losses …

Management Decisions

18 February 2020 04:43 PM Arzan’s capital cut postponed on Kuwait’s CMA response

Mubasher: Kuwait’s Capital Markets Authority (CMA) clarified that it cannot resolve in the current time the decision over Arzan Financial Group for Financing and Investment’s capital cut request. The final decision will be subject to the …

Corporate Actions

8 January 2020 04:46 PM Arzan’s unit changes equity ownership in Hill Top to 25%

Mubasher: Arzan Financial Group for Financing and Investment announced that Arzan Capital Holding Limited’s equity in Hill Top Netherlands 4 PLC has decreased from 49% to 25%. Arzan Capital is a 78.60%-owned subsidiary of Arzan Financial. The sale …

Companies Investments

11 November 2019 00:23 PM Arzan reveals motives behind capital cut - Report

By: Mohamed Farouk Mubasher: Arzan Financial Group for Financing and Investment has released on Monday a disclosure to Boursa Kuwait on the goals of its capital cut. The first goal is to separate current non-strategic long-term low-yield …

Board of Directors

10 November 2019 10:52 AM Arzan Group board approves capital cut

Mubasher: The board of Arzan Financial Group for Financing and Investment has approved on Thursday reducing the company’s capital, according to a bourse filing. The board has approved the asset evaluation and recommended to the company’s general …

Company News

4 November 2019 05:53 PM Arzan Group reveal asset valuation before split

Mubasher: Arzan Financial Group for Financing and Investment announced that it has received the evaluation for assets that will be moved into the new company that will result from the expected split. Assets were evaluated at around KWD 51.21 …

Company News

3 November 2019 06:17 PM Arzan Financial posts 78% lower profit in Q3-19

Mubasher: Arzan Financial Group for Financing and Investment registered a decline of 78% in net profits during the third quarter of 2019 when compared to the same three months last year. Earnings decreased to KWD 410,875 in Q3-19 from KWD 1.87 …

Company News

29 July 2019 04:26 PM Gimbal Holding cuts 20% stake in Arzan

Mubasher: Gimbal Holding Company has executed major selling transactions on the stock of Arzan Financial Group for Financing and Investment during Sunday’s trading session; Gimbal has liquidated more than 20% of Arzan’s capital, Al Rai Newspaper …

Trading Activities

28 July 2019 10:55 AM Arzan Financial turns to profits in Q2

Mubasher: Arzan Financial Group for Financing and Investment, listed on Boursa Kuwait, has turned to profitability during the second quarter of 2019. The group generated a profit of KWD 1.25 million ($4.11 million) during the three-month period …

Banking and Finance

16 July 2019 11:51 AM Arzan Financial’s unit sells EUR 22m equity in Dutch firm

Mubasher: Arzan Financial Group for Financing and Investment announced that its 78.6%-owned subsidiary Arzan Capital Holding has sold a 51% stake in Hill Top Netherlands 4 plc. The deal is valued at EUR 22.38 million or KWD 7.71 million, Arzan …

Companies Investments

15 April 2019 09:07 AM Arzan Financial’s unit launches KWD 15m business in Netherlands

Mubasher: Arzan Financial Group for Financing and Investment said that an 81.81%-owned subsidiary, Arzan Capital Holding Ltd, has established a new firm, Hill Top Netherlands 4 PLC, in the Netherlands at a capital of KWD 15.1 million (EUR 44 …

Companies Investments

25 March 2019 00:21 PM Arzan Financials FY18 profits up 45%

Mubasher: Arzan Financial Group for Financing and Investment on Monday stated that it turned to profits during the fourth quarter of 2018, against suffering losses in Q4-17. The group’s profits amounted to KWD 7,000 ($23,100) in Q4-18, against …

Financial Results

20 February 2019 05:14 PM Arzan Financial Group’s board nods to company split

Mubasher: The board members of Arzan Financial Group for Financing and Investment approved the recommendation of splitting the company, according to a bourse statement on Wednesday. Arzan’s board granted its primary approval to split the business …

Corporate Actions

1 November 2018 10:26 AM Arzan Financial Group Q3 profits surge 122%

Mubasher: Arzan Financial Group for Financing and Investment achieved an increase of 122.5% in profits during the third quarter of 2018 compared to the same period in the prior year. Earnings grew to KWD 1.88 million ($6.2 million) in Q3-18 from …

Financial Results

12 September 2018 00:44 PM Arzan’s UAE subsidiary raises capital by $6.8m

Mubasher: Arzan Financial Group for Financing and Investment announced that its fully owned subsidiary, the Dubai-based Arzan Capital Holding, has increased its capital by KWD 2.07 million ($6.8 million). The capital hike resulted in a decline in …

General Assembly

19 June 2018 04:03 PM Arzan’s subsidiary to raise capital

Mubasher: Arzan Capital Holding Limited, a 100%-owned subsidiary of Arzan Financial Group for Financing and Investment, plans to increase its capital by $6.8 million (KWD 2.07 million). This capital hike will result in shrinking Arzan Capital’s …

Company News

16 May 2018 00:42 PM Arzan records higher profits in Q1

Mubasher: Arzan Financial Group for Financing and Investment achieved a growth of 29.5% in the first quarter of 2018 compared to the same period in the previous fiscal year. Earnings increased to about KWD 787,340 ($2.61 million) in Q1-18 from …

Financial Results

12 November 2017 10:52 AM Arzan profits grow 35.9% in Q3

Mubasher: Arzan Financial Group for Financing and Investment achieved a rise of 35.9% in profits during the third quarter of 2017 compared to the same period a year ago. The Boursa Kuwait-listed company achieved KWD 845,000 ($2.8 million) profits …

Financial Results

27 September 2017 05:02 PM Arzan to liquidate investment in Channel Islands

Mubasher: Arzan Financial Group for Financing and Investment announced the liquidation of two companies in Jersey, the largest of the Channel Islands that are located between England and France. Arzan has the right to operate these two firms of …

Corporate Actions