The board of director of the National Agriculture Development Co. (NADEC) approved the distribution of cash dividends of SR 0.50 per share (a total of SR 30 million) to their shareholders, for the first half of 2012. NADEC’s net profit for the first half
Robust core earnings helped Zad Holding Company to report a 25% jump in its net profit to QR63.78mn in the first six months of this year. Operating revenue surged 90% to QR262.21mn and compensation from government for sale of subsidised flour by 7% to
Al Meera Consumer Goods Company has reported a 34% jump in its January-June net profit to QR46.75mn on higher sales and shops rental income. Sales grew 61% to QR740.78mn whereas cost of sales also rose 57% to QR619.46mn, translating as an 80% rise in
Al Meera Consumer Goods Company, which is not only strengthening local presence but also expanding its global footprint, intends to tap the equity market with a rights issue. The company has convened extraordinary general assembly of shareholders to seek
Qatar Meat and Livestock Company (Mawashi) has reported a more than doubled net profit to QR41.71mn in the first six months of this year on robust sales. The 38% increase in sales, exceeding 80% of the company’s production capacity, has led to a 125%
Kuwait Food Company (Food) reported that the Board of Directors met on Aug 2, 2012 and approved the interim financial statements for the H1 period ending June 30, 2012. For the three months ending June 30, 2012, the company earned a profit of KD
United Electronics Company (eXtra), Saudi Arabia's fastest-growing consumer electronics and home appliance retailer, has become the first retailer in the Kingdom to be approved to join the SADAD payment system. Established by the Saudi Arabian Monetary
NCB Capital initiated coverage on eXtra with an Overweight rating and price target of SR 106.2 (upside of 26 percent) and on Al Hassan Ghazi Ibrahim Shaker Co. with an Overweight rating and price target of SR 82.5 (upside of 19 percent). In its new