21 January 2008
KUWAIT : Kuwait Stock Exchange (KSE) announced that Heavy Engineering and Ship Building Company has signed a KD 8,180,000 contract with a foreign company to implement part of a contract of replacing nine oil pipe lines for Kuwait Oil Company in a period of 18 months.
New eight companies have been listed at the Kuwaiti official and parallel markets in a bid to broaden the scope of registered companies, Kuwait Stock Exchange (KSE) Director-General Saleh al-Falah said here Sunday. The listing came following the approval of the KSE Technical Committee at a meeting earlier in the day. Emerging from the committee meeting, Al-Falah said Damac Holding, Bahraini Ithmaar Bank, Kuwaiti Syrian Holding Company, and an oil company had been listed at the official stock exchange On the other hand, Afaq Educational Services Company, KGL Logistics, Al Shamel International Holding Company, Al Safat Real Estate Co have been registered with the parallel market, he added. (KUNA)
Kuwait Labs Building and Contracting Company announced that it signed a contract with Al-Sour Tower Real Estate Company to supply and install five elevators at a cost of KD 259,000. The duration of the project is 15 months.
The Central Bank of Kuwait (CBK) on Jan 17 approved the request of Al-Mall Investment Company (Al-Mal) to grant an extension of six months to buy not more than 10 percent of its issued shares. The six months period begins from the date of the approval, provided the company complies with the Central Bank's regulations and conditions, Article 115 of Commercial Companies Act and the provisions of Ministerial Resolution No. 10/1987, as amended by two Ministerial Resolutions No. 11/1988 and No. 273/1999.
Kuwait Privatization Project Holding Company (KPPC) refuted a newspaper report which claimed that the company owns 10 per cent share in Al-Ittihad Brokerage Company. The company said that it did not enter into any such deal and that it does not own any share in Al-Ittihad Brokerage Company.
Arab Real Estate Company (ARABREC) announced that it won a bid to execute a project in the 6th October City in Egypt. The project will be executed on a land measuring 378,000 square meters and will feature 355 villas, a palace and gardens. The total cost of the project is nearly 351, 017, 856 Egyptian pounds. The company reported that a stock company was established in order to own and manage the project with an issued capital of 120,000,000 Egyptian pounds. Arab Real Estate Company contributes 20 per cent of the capital in the new company. Arab Real Estate Company formed a coalition with big investors in Egyptian Real Estate Market to win the bid.
The Central Bank of Kuwait (CBK) approved on Jan 17, 2008 the request of Kuwait Finance Center (KFC) to grant a six months extension to buy not more than 10 per cent of its issued shares. The six months period begins from the last date of the current approval which is Jan 23, 2008, provided the company complies with the Central Bank's regulations and conditions, Article 115 of Commercial Companies Act and the provisions of Ministerial Resolution No. 10/1987, as amended by two Ministerial Resolutions No.11/1988 and No. 273/1999.
KUWAIT : Kuwait Stock Exchange (KSE) announced that Heavy Engineering and Ship Building Company has signed a KD 8,180,000 contract with a foreign company to implement part of a contract of replacing nine oil pipe lines for Kuwait Oil Company in a period of 18 months.
New eight companies have been listed at the Kuwaiti official and parallel markets in a bid to broaden the scope of registered companies, Kuwait Stock Exchange (KSE) Director-General Saleh al-Falah said here Sunday. The listing came following the approval of the KSE Technical Committee at a meeting earlier in the day. Emerging from the committee meeting, Al-Falah said Damac Holding, Bahraini Ithmaar Bank, Kuwaiti Syrian Holding Company, and an oil company had been listed at the official stock exchange On the other hand, Afaq Educational Services Company, KGL Logistics, Al Shamel International Holding Company, Al Safat Real Estate Co have been registered with the parallel market, he added. (KUNA)
Kuwait Labs Building and Contracting Company announced that it signed a contract with Al-Sour Tower Real Estate Company to supply and install five elevators at a cost of KD 259,000. The duration of the project is 15 months.
The Central Bank of Kuwait (CBK) on Jan 17 approved the request of Al-Mall Investment Company (Al-Mal) to grant an extension of six months to buy not more than 10 percent of its issued shares. The six months period begins from the date of the approval, provided the company complies with the Central Bank's regulations and conditions, Article 115 of Commercial Companies Act and the provisions of Ministerial Resolution No. 10/1987, as amended by two Ministerial Resolutions No. 11/1988 and No. 273/1999.
Kuwait Privatization Project Holding Company (KPPC) refuted a newspaper report which claimed that the company owns 10 per cent share in Al-Ittihad Brokerage Company. The company said that it did not enter into any such deal and that it does not own any share in Al-Ittihad Brokerage Company.
Arab Real Estate Company (ARABREC) announced that it won a bid to execute a project in the 6th October City in Egypt. The project will be executed on a land measuring 378,000 square meters and will feature 355 villas, a palace and gardens. The total cost of the project is nearly 351, 017, 856 Egyptian pounds. The company reported that a stock company was established in order to own and manage the project with an issued capital of 120,000,000 Egyptian pounds. Arab Real Estate Company contributes 20 per cent of the capital in the new company. Arab Real Estate Company formed a coalition with big investors in Egyptian Real Estate Market to win the bid.
The Central Bank of Kuwait (CBK) approved on Jan 17, 2008 the request of Kuwait Finance Center (KFC) to grant a six months extension to buy not more than 10 per cent of its issued shares. The six months period begins from the last date of the current approval which is Jan 23, 2008, provided the company complies with the Central Bank's regulations and conditions, Article 115 of Commercial Companies Act and the provisions of Ministerial Resolution No. 10/1987, as amended by two Ministerial Resolutions No.11/1988 and No. 273/1999.
© Arab Times 2008
