Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Omani bourse extends rally as financial sector leads
- CBO issues treasury bills worth OMR26.250 million
- Closing Bell: Saudi main index sheds points to settle at 12,109.94
- Annual trade between Qatar and Jordan hits $248m
- Saudi Arabia, Japan strengthen investment ties with strategic MoU
- Saudi banking sector boosted by flurry of debt, sukuk issuances
- Ministry of Commerce issues decision on principles of governance for closed joint-stock companies
- Madayn's cumulative investment volume up by OMR1 billion in 5 years
- Aldar raises $2.45bn in sustainability-linked credit facility
- Why should UAE investors remain bullish on crypto market in 2025?
17/08/2009 00:00 AST
Kuwait's Burgan Company for Well Drilling, Trading and Maintenance has agreed to increase its capital by KD 1.46 million (approximately USD five million) up to KD 20.9 million ($73 million) from KD 19.5 million now. The move was taken during the meeting of the company general assembly held on Sunday.
The company posted total revenues worth KD 30.4 million in the fiscal year that elapsed on March 31, 2009, while expenditure hit KD 23.5 million, which means that net profits amounted to KD 6.8 million; share profitability of 37 fils, Mohamed Al-Jazzaf, a member of the company board of directors, said. In spite of the fallout of the global financial crisis on international oil markets, the company managed to achieve good profits last year, he said. Last year, the company drilled and maintained oil and gas wells for the Kuwait Oil Company in northern and western fields, he added. In January and February, the company signed three contracts worth a total of KD 144 million; including two five-year contracts with the Kuwait Oil Company and the third with Al Khafji Joint Operations (KJO) for only one year, he said.
The company is set to distribute cash profits to its shareholders; 7.5 percent of the company's capital, 7.5 fils per share, totaling KD 1.46 million, along with 7.5 percent in bonus; 7.5 percent for 100 shares, totaling KD 1.46 million.
Arab Times
| Ticker | Price | Change |
|---|---|---|
| SAUDIARAMCO | 27.10 | 0.05 (0.18 |
| ADNOCGAS | 3.14 | 0.00 (0.00 |
| ADNOCDRILL | 4.68 | 0.04 (0.86 |
| ADES | 20.08 | 0.10 (0.50 |
| BAHRI | 28.25 | 0.05 (0.17 |
13/01/2025
Aldar Properties, Abu Dhabi's biggest listed developer, has raised Dh9 billion ($2.45 billion) in a sustainability-linked revolving credit facility from a syndicate of 15 UAE-based and international
The National
12/01/2025
Ooredoo announced on Sunday the appointment of Sheikh Nasser bin Hamad al-Thani as the new chairman of Ooredoo Kuwait.
Most recently, Sheikh Nasser was appointed as Group Regional CEO for th
11/01/2025
One of the fastest-growing logistics businesses in Mena region, GWC has marked "20 years of excellence and innovation", achieved significant milestones and won prestigious awards, solidifying its pos
Gulf Times
11/01/2025
Almarai, the world's largest vertically integrated dairy company and the world's fourth most valuable dairy brand in 2024, has successfully implemented RISE with SAP on Google Cloud. This milestone m
Saudi Gazette
05/01/2025
Elm, a pioneer in digital solutions, enhanced its brand identity, reflecting the company's ambitious and prominent objective. Leveraging comprehensive knowledge, a forward-thinking mindset, and a pro
Financial Information Co.