ALMADINA latest news (links open in new window)Top
Kuwait equities kick off month on sour note; index falls 10.7 pts Arab Times Al Deera Holding and Al Madina Finance too unchanged whereas Al Tamdeen Investment slipped 5 fils. In the insurance sector, Ahlia Insurance Co added 15 fils ... More ...
KSE benchmark ends nearly flat after trading in red; banks mixed Arab Times Al Madina For Finance and Investment Co too was unchanged at KD 0.041 while Noor Financial Investment Co closed 1 fils higher at KD 0.045. ... More ...
Links are to the relevant PDF report on the ESCA website and are provided as a convenience by ShareWadi.com. We are not responsible for the content or availability of any external sites or pages. If accounts are not available from ESCA, try the ADX or DFM website.
ALMADINA latest news (links open in new window)Top
Kuwait equities kick off month on sour note; index falls 10.7 pts Arab Times Al Deera Holding and Al Madina Finance too unchanged whereas Al Tamdeen Investment slipped 5 fils. In the insurance sector, Ahlia Insurance Co added 15 fils ... More ...
KSE benchmark ends nearly flat after trading in red; banks mixed Arab Times Al Madina For Finance and Investment Co too was unchanged at KD 0.041 while Noor Financial Investment Co closed 1 fils higher at KD 0.045. ... More ...
Al Madina for Finance and Investment share capital, shares
outstanding, rights issues, dividends, AGM dates
13 May 2008 - 200,358,750 shares outstanding after inclusion of 15% bonus
shares. Approved at AGM same day, information from 08Q1 financial statements,
no mention of rights issue / capital increase in statements.
13 May 2008 - AGM and EGM. BOD proposes
40% cash & 15% share dividends. Also a 100%
capital increase at par value (100 fils) plus premium of 175 fils per share?
New share capital would be KD 39,657,175 if capital increase based on share
capital after share dividend issued, or KD 37,070,837.5 if capital increase
based on share capital before issue of bonus shares. Another figure seen is
KD 37,930,875? All information not confirmed - Al Madina disclosure not clear.
Al Madina 2008 Q1 financial statements have Chairman as Khalid Y. Al Mutawa.
Previously was Dr Ali Darwish Ali Al Shamali (date of change unknown).
07 July 2007 comments
Al Madina Investment Company was originally established as Modern Printing
Press KSCC in 1980 and changed its name in January 2005. The company's objective
is to invest surplus funds of Islamic banks and financial institutions into
short and medium term financial instruments in accordance with the Shari'a
principles. AlMadina also offers investment and portfolio management in
the Kuwait Stock Exchange, and real estate projects.
India Fund - invests funds in Indian equities, started 01 March 2006 with capital of KD 5-50 million. From Mar 2006 to Jun 2007 the fund returned about 40%, while the Indian stockmarket index was up about 55%.
Abraj Al Madina A (property investment)
Abraj Al Madina B (property investment)
Al-Madina Marine Villas (property investment)
Al Madina subsidiaries and shareholdings include
Al Khaleeji Horizon (35% stake purchased July 2006)
Al Madina Real Estate Development Holding Company (100% subsidiary)
Al Madina Education Company
Develop for General Trading & Contracting Company (100% subsidiary)
Kazma Holding Company. KHC name changed to Al Iktitab / Ekttitab / Ekttatab Holding Company May 2007. Stake reduced after Ekttatab share issue in June 2007.
Rihab Al Madina Real Estate Company
Twenty Four Seven Central Markets Company
Having both Chairman and CEO positions filled by the same person is not usually seen as a good thing. CEO / Managing Director name also seen as Dr Ali D Al Shamaly. Contact numbers not confirmed. Also seen tel +965-2446534 / +965-824542 / +965-2322620 / +965-2322621 and fax +965-2446556. DFM listing approved 12 Dec 2006 but expected listing date for ALMADINA unknown. See also information for ALMADINA from Kuwait Stock Exchange website (KSE ticker is ALMADINA).
info@almadinainvest.com - Al Madina Finance email.
ALMADINA - related external links (open in new window)Top
www.sca.ae - ESCA profile. Includes share ownership details, board of director names, meeting dates, financial statements and annual report.
www.dfm.ae - DFM information, financial disclosures and news.
Disclaimer: ShareWadi.com and DubaiShareTalk.com provide UAE stockmarket related information, but do not offer investment advisory services, or brokerage services. Investing in shares is risky, you can lose some or all of your money and/or other assets. Anything you read on this site should be regarded as the opinion of the author only and is not to be taken as advice to buy, sell, or hold shares and/or other investments. Do not make investment decisions without due diligence and/or professional advice. In particular, do not assume anything you read on this site is correct or accurate. You should make your own investigations to determine if information is accurate and ultimately, you should accept that you and you alone are responsible for any investing decisions you make.
