MENA Markets Daily Report 16 AUG 2021.Xlsm

Total Page:16

File Type:pdf, Size:1020Kb

MENA Markets Daily Report 16 AUG 2021.Xlsm MENA Markets Daily Report August 17, 2021 Index DTD YTD % 2020 % Country Benchmark Value Change 2021 Change MENA Countries In this Report… Kuwait Premier Market Index ▼ 7,194.01 (0.4%) 18.9% (13.3%) Kuwait Main 50 Index ▼ 5,697.20 (0.5%) 22.9% (7.1%) ▼ Kuwait 2 Kuwait Main Market Index 5,437.39 (0.1%) 19.4% (7.3%) ▼ Saudi Arabia 3 Kuwait All Share Index 6,601.42 (0.3%) 19.0% (11.7%) ▼ UAE - Dubai 4 Saudi Arabia TADAWUL All Share Index 11,321.85 (0.3%) 30.3% 3.6% ▲ UAE - Nasdaq Dubai 5 UAE - Dubai DFM General Index 2,824.97 0.3% 13.4% (9.9%) ▲ UAE - Abu Dhabi 6 UAE - Nasdaq Dubai FTSE NASDAQ Dubai UAE 20 Index 3,895.84 1.0% 27.2% (3.9%) ▲ Qatar 7 UAE - Abu Dhabi ADX General Index 7,662.86 0.8% 51.9% (0.6%) ▲ Bahrain 8 Qatar QE 20 Index 10,951.33 0.2% 4.9% 0.1% ▲ Oman 9 Bahrain Bahrain All Share 1,636.70 0.0% 2.5% (7.5%) ▼ Egypt 10 Oman MSM 30 Index 4,011.16 (0.2%) 9.6% (8.1%) ▲ Jordan 11 Egypt EGX 30 11,046.15 0.2% 1.9% (22.3%) ▲ Tunisia 12 Jordan ASE Index 2,001.42 0.79% 20.8% (8.7%) ▲ Morocco 13 Tunisia Tunisia Index 7,299.84 0.2% 6.0% (3.3%) Morocco MASI ▼ 12,597.62 (0.2%) 11.6% (7.3%) Emerging Markets China SSE Composite Index ▲ 3,517.35 0.0% 1.3% 13.9% Russia RUSSIAN RTS INDEX ($) ▲ 1,674.09 0.5% 20.7% (10.4%) India SENSEX ▲ 55,582.58 0.3% 16.4% 15.8% Brazil BOVESPA Stock Index ▼ 119,180.00 (1.7%) 0.1% 2.9% Mexico BOLSA Index ▼ 51,384.91 (0.2%) 16.6% 1.2% Emerging Markets MSCI EM Index ▼ 1,280.86 (0.8%) (0.8%) 15.8% Global Markets World MSCI World Index ▲ 3,125.12 0.3% 16.2% 14.1% Asia MSCI Asia Pacific ▼ 651.37 (0.8%) (1.6%) 17.1% Europe DJ Stoxx 600 ▼ 473.45 (0.5%) 18.7% (4.0%) Europe FTSEurofirst 300 ▼ 1,824.82 (0.6%) 18.8% (5.4%) U.S.A S&P 500 ▲ 4,479.71 0.3% 19.3% 16.3% U.S.A DJIA ▲ 35,625.40 0.3% 16.4% 7.2% U.S.A NASDAQ Composite ▼ 14,793.76 (0.2%) 14.8% 43.6% UK FTSE 100 ▼ 7,153.98 (0.9%) 10.7% (14.3%) Germany DAX ▼ 15,925.73 (0.3%) 16.1% 3.5% Japan NIKKEI 225 ▼ 27,523.19 (1.6%) 0.3% 16.0% Hong Kong HANG SENG INDEX ▼ 26,181.46 (0.8%) (3.9%) (3.4%) Currencies USD USD vs. World Currencies Basket ▼ 92.52 (0.56%) 2.87% (6.7%) GBP/USD British Pound / USD Cross ▼ 1.38 (0.12%) 1.31% 3.1% EUR/USD Euro / USD Cross ▼ 1.18 (0.16%) (3.59%) 8.9% KWD/USD Kuwaiti Dinar / USD Cross ▼ 3.33 (0.02%) 1.14% (0.4%) Investment Strategy & Research Other Asset Classes [email protected] Oil Brent ▼ 70.59 (1.0%) 36.3% (21.5%) P.O.Box 28873,Safat 13149 Kuwait Oil NYMEX ▼ 67.29 (1.7%) 38.7% (20.5%) Tel: (965) 2233 6600, Extn: 6982/6912 Fax: (965) 2249 2395 Natural Gas NYMEX Natural Gas (USD/MMBtu) ▲ 3.95 2.2% 45.5% (5.1%) Gold Gold Spot $/Oz ▲ 1,787.45 0.4% (5.8%) 25.1% http://www.kamcoinvest.com Silver Silver Spot $/Oz ▲ 23.84 0.4% (9.7%) 47.9% Kamco Investment Company - K.S.C (Public) Bitcoin Bitcoin USD Cross ▼ 46,078.11 (1.4%) 58.9% 305.1% Source: Bloomberg & Kamco Research. Note : Data as of last trading day. Boursa Kuwait Daily Report August 17, 2021 Sector Weight by Market Cap Market Capitalization - Sector Returns Insurance Financial Services Market Cap. DTD DTD MTD YTD 2% Real Estate 9% Technology 7% 0.0% (KWD Mn) % Chg % Chg % Chg Oil & Gas Boursa Kuwait 39,075.6 ▼ (0.3%) 0.4% 18.4% 1% Oil & Gas 288.5 ▲ 0.3% (2.2%) 2.9% Basic Materials Basic Materials 946.8 ▲ 0.1% (1.5%) 18.2% 2% Syria Industrials 4,076.5 ▼ (0.9%) (0.8%) 28.4% Industrials Consumer Goods 235.7 ▲ 1.2% (2.7%) 1.6% 10% Consumer Goods Health Care 403.2 ═ 0.0% 1.5% (1.6%) Banks 1% Consumer Services 513.2 ▲ 0.3% (1.8%) 22.4% 57% Telecommunications 3,320.4 ▲ 0.1% (0.6%) (1.8%) Telecom Health Care 9% Consumer 1.0% Banks 22,263.1 ▼ (0.4%) 0.4% 18.4% Services Insurance 589.5 ▲ 3.1% 13.7% 37.7% 1% Real Estate 2,625.3 ▼ (0.8%) 0.1% 27.9% Financial Services 3,556.6 ▼ (0.3%) 2.7% 31.6% Technology 10.3 ▼ (4.6%) (1.0%) 49.1% Top 10 Companies by Market Capitalization Utilities 246.4 ═ 0.0% (1.3%) (19.1%) Market Breadth 53 68 44 Company Name Market Cap. P/E ROE* Benchmark Return Closing DTD DTD MTD YTD (Mn KWD) (X) (%) Value Chg % Chg % Chg % Chg Premier Market Index 7,194.01 (25.6) (0.4%) 0.4% 18.9% 1- Kuwait Finance House 6,626.6 43.0 8.3% Main 50 Index 5,697.20 (28.5) (0.5%) (0.7%) 22.9% 2- National Bank of Kuwait 6,408.7 25.3 7.7% Main Market Index 5,437.39 (7.8) (0.1%) 0.0% 19.4% 3- Ahli United Bank - Bahrain 2,645.1 20.1 10.7% All Share Market Index 6,601.42 (20.1) (0.3%) 0.3% 19.0% 4- Zain 2,557.3 14.0 16.3% Market Cap (KWD Mn) 39,075.60 (121.1) (0.3%) 0.4% 18.4% 5- Boubyan Bank 2,492.9 67.7 6.9% Index Performance relative to Volume 6- Agility (PWC Logistics) 2,210.0 49.8 3.9% 7,000 600 7- Commercial Bank of Kuwait 996.0 NM NM 6,800 8- Mabanee Co. 855.1 33.7 5.2% 6,600 500 9- Gulf Bank 731.6 22.7 5.1% 6,400 10- Ahli United Bank - Kuwait 724.3 28.4 5.6% 6,200 6,000 400 Total 26,248 29.68 7.7% 5,800 5,600 *: ROE is calculated based on TTM 1Q-2021 net profit & shareholders' equity as of 31-March-2021 300 5,400 All Index ShareAll Market Top Movers and Most Active Stocks 5,200 Volumetraded (shr.mil.) 5,000 200 Close Change Percent Today's Top % Gainers 4,800 (KWD) (KWD) Change 4,600 100 Gulf Insurance Group 0.903 0.077 9.3% 4,400 Kuwait & M.E. Financial Inv. Co. 0.175 0.014 8.7% 4,200 Oula Fuel Marketing Co. 0.150 0.011 7.9% 4,000 0 Al-Manar Financing & Leasing Co. 0.063 0.003 5.4% 31-Jul-21 31-Oct-20 31-Jan-21 30-Apr-21 30-Jun-21 28-Feb-21 30-Sep-20 31-Dec-20 31-Mar-21 31-Aug-20 30-Nov-20 31-Aug-21 Injazzat Real Estate Development Co. 0.085 0.004 4.9% 31-May-21 Close Change Percent Today's Top % Losers Market Trading Data and Volatility (KWD) (KWD) Change Future Kid Entertainment and R.E Co. 0.068 (0.004) (5.3%) Trading Indicators Today's DTD DTD Average Daily National Real Estate Co. 0.209 (0.011) (5.0%) Value Chg % Chg YTD 2021 YTD 2020 Gulf Franchising Co. 0.040 (0.002) (5.0%) Volume (Shrs Mn) 309.5 (7.3) (2.3%) 332.7 168.8 Kuwait Insurance Co. 0.422 (0.022) (5.0%) Value Traded (KWD Mn) 53.4 0.8 1.5% 52.5 34.1 United Projects Group 0.232 (0.012) (4.9%) No. of Trades 11,664 326 2.9% 12,094 8,023 Close Percent Volume Close Percent Value Today's Most Active by Volume Today's Most Active by Value (KWD) Change (Shares) (KWD) Change (KWD) GFH Financial Group 0.075 2.0% 59,424,416 National Real Estate Co. 0.209 (5.0%) 7,307,557 National Real Estate Co. 0.209 (5.0%) 33,797,071 Ahli United Bank - Bahrain 0.261 (1.9%) 5,443,444 MAZAYA Holding Co. 0.092 0.9% 23,027,008 Kuwait Finance House 0.785 (0.4%) 4,811,109 Ahli United Bank - Bahrain 0.261 (1.9%) 20,624,911 GFH Financial Group 0.075 2.0% 4,422,084 A'ayan Leasing & Investment Co. 0.148 (3.9%) 15,529,155 Agility (PWC Logistics) 0.991 (1.4%) 4,185,850 Source: Boursa Kuwait, Kamco Invest Research 2 Saudi Tadawul Daily Report August 17, 2021 Index Performance relative to Volume Sector Returns 9,500 500 Market Cap. DTD MTD YTD 12,700 2,500 (SAR Mn) % Chg % Chg % Chg 9,300 9,799,924.5 (0.8%) 1.2% 7.7% 450 Energy 7,043,964.3 (1.0%) 0.4% 0.1% 11,700 Syria 9,100 Materials 784,133.6 (0.5%) 0.7% 31.7% 400 2,000 Capital Goods 24,828.6 (0.7%) (1.8%) 33.7% 8,900 Commercial & Professional Svc 8,255.0 (1.2%) 0.7% 5.9% 10,700 350 Transportation 21,075.7 (1.0%) (2.8%) 43.6% 8,700 Consumer Durables & Apparel 7,507.4 (1.5%) (2.8%) 75.9% 3001,500 Consumer Services 32,257.7 (1.0%) 3.2% 19.4% 8,500 9,700 Media 13,893.8 1.8% (5.4%) 96.1% 8,300 250 Retailing 45,459.5 0.1% 1.1% 24.2% TASI Value TASI Food & Staples Retailing 15,473.9 (0.2%) 14.2% 13.5% 8,700 TASI Value TASI 8,100 Food & Beverages 113,172.9 (0.3%) (4.2%) 2.8% 2001,000 Volume Traded (Mn Shrs) (Mn Traded Volume Health Care Equipment & Svc 105,729.5 (1.7%) 5.7% 54.7% 7,900 Volume Traded (Mn Shrs) (Mn Traded Volume Pharma, Biotech & Life Science 6,204.0 (2.8%) (14.4%) 31.9% 150 7,700 Banks 913,126.1 0.4% 8.2% 44.6% 7,700 Diversified Financials 45,841.4 0.3% (1.7%) 38.2% 100500 Insurance 62,129.4 (1.3%) 4.6% 19.6% 7,500 6,700 Telecommunication Services 308,526.4 (0.1%) 0.7% 25.1% 50 Utilities 117,969.3 (0.1%) 6.0% 29.6% 7,300 REITs 19,331.3 (0.2%) (1.5%) 21.2% 5,700 0 7,100 0 Real Estate Mgmt & Dev't 105,450.8 (0.5%) (3.0%) 21.2% Software & Services 5,594.0 (0.6%) 4.1% 101.3% 31-Jul-21 31-Oct-20 30-Apr-21 31-Jan-21 30-Jun-21 28-Feb-21 31-Mar-21 04-Jul-18 10-Jul-18 16-Jul-18 22-Jul-18 26-Jul-18 03-Jul-19 09-Jul-19 15-Jul-19 21-Jul-19 25-Jul-19 31-Jul-19 31-Aug-20 30-Sep-20 30-Nov-20 31-Dec-20 31-Aug-21 31-May-21 04-Apr-18 10-Apr-18 16-Apr-18 22-Apr-18 26-Apr-18 01-Oct-18 07-Oct-18 11-Oct-18 17-Oct-18 23-Oct-18 29-Oct-18 03-Apr-19 09-Apr-19 15-Apr-19 21-Apr-19 25-Apr-19 04-Jan-18 10-Jan-18 16-Jan-18 22-Jan-18 28-Jan-18 05-Jun-18 11-Jun-18 24-Jun-18 28-Jun-18 03-Jan-19 09-Jan-19 15-Jan-19 21-Jan-19 27-Jan-19 31-Jan-19 11-Jun-19 17-Jun-19 23-Jun-19 27-Jun-19 01-Feb-18 07-Feb-18 13-Feb-18 19-Feb-18 25-Feb-18 01-Mar-18 07-Mar-18 13-Mar-18 19-Mar-18 25-Mar-18 29-Mar-18 06-Feb-19 12-Feb-19 18-Feb-19 24-Feb-19 28-Feb-19 06-Mar-19 12-Mar-19 18-Mar-19 24-Mar-19 28-Mar-19 31-Dec-17 01-Aug-18 07-Aug-18 13-Aug-18 26-Aug-18 30-Aug-18 05-Sep-18 11-Sep-18 17-Sep-18 25-Sep-18 04-Nov-18 08-Nov-18 14-Nov-18 20-Nov-18 26-Nov-18 02-Dec-18 06-Dec-18 12-Dec-18 18-Dec-18 24-Dec-18 30-Dec-18 06-Aug-19 Sectors' MTD % Chg is based on the Change in market cap.
Recommended publications
  • Corporate Governance 2019
    Khaleeji Commercial Bank BSC Corporate Governance Report for the year ended 31 December 2019 CORPORATE GOVERNANCE & OTHER DISCLOSURES 1. Corporate governance structure The Bank is governed by the Bahrain Commercial Companies Law No. 21 of 2001 and its amendments (the “Companies Law”), the Kingdom of Bahrain Corporate Governance Code (the “CGC”), volume 2 and volume 6 of the Rulebook of the CBB (and in particular the High-Level Controls (“HC Module”)), and the Bahrain Stock Exchange Law of 1987 (collectively, the “Regulations”). The Bank acknowledges its responsibility to all of its stakeholders and is committed to the highest standards of corporate governance. The Bank believes good corporate governance enhances stakeholder value and provides an appropriate guidance to the Board, its committees, and the Bank’s Executive Management to carry out their duties in the best interest of the Bank and its stakeholders. The Bank maintains the highest levels of transparency, accountability and good management through the adoption and monitoring of corporate strategies, goals and policies to comply with its regulatory and ethical responsibilities. 2. Code of conduct The Board has approved a code of conduct for all staff of the Bank and the Board members. The Code includes the process of dealing with conflict of interests. It also binds the Directors, Executive Management and staff to the highest standard of professionalism and diligence on discharging their duties. All Board members and senior management of the Bank have affirmed compliance with the Code of Conduct. A declaration is made by the Board members prior to each Board meeting confirming that they have disclosed all external appointments and notified the Chairman if there have been any changes to their external appointments since the previous meeting.
    [Show full text]
  • IR Brief Saudi Aramco and Others to Release 1H 2020 Results Sunday, 09.08.2020 in Case You Missed It
    Weekly IR Brief Saudi Aramco and others to release 1H 2020 results Sunday, 09.08.2020 In case you missed it... Est/ EARNINGS CALENDAR Market Date GCC markets, except Bahrain (-0.1%), closed up during a holiday-shortened week. Dubai Conf (+2.8%) outperformed, partly driven by Emirates NBD. Kuwait and Abu Dhabi clocked SABIC* KSA C 09 Aug identical gains (+1.3%, each). Saudi Arabia (+0.5%) edged higher as banks gained with the July PMI data suggesting Kingdom’s non-oil private sector stabilized after several months of QGMD QAT C 09 Aug contraction. Qatar (+0.5%) was lifted by heavyweights QNB and Industries Qatar. Oman was closed. The US indices ended on a bullish note. Dow Jones (+3.8%) rose the most, while Salam International Invest. QAT C 10 Aug Nasdaq Composite and S&P 500 notched similar gains (+2.5%, each). The markets were UDCD* QAT C 10 Aug supported by positive economic data, including better than estimated monthly jobs report, mostly estimate beating corporate results and the US lifting its global advisory against Saudi Aramco* KSA C 10 Aug international travel for Americans. European indices also closed firmly positive, with DAX (+2.9%) leading the gains, followed by FTSE100 (+2.3%), CAC40 (+2.2%) and STOXX600 DBIS QAT C 11 Aug (+2.0%). Doha Insurance QAT C 11 Aug The Week Ahead Mannai Corp* QAT C 12 Aug Regional markets The GCC markets will witness plenty of corporate activity in the first full-fledged trading ADNOC UAE C 12 Aug week after the Eid holidays.
    [Show full text]
  • GFH Financial Group BSC CONSOLIDATED
    GFH Financial Group BSC CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2020 Commercial registration : 44136 (registered with Central Bank of Bahrain as an Islamic wholesale Bank) Registered Office : Bahrain Financial Harbour Office: 2901, 29th Floor Building 1398, East Tower Block: 346, Road: 4626 Manama, Kingdom of Bahrain Telephone +973 17538538 Directors : Jassim Al Seddiqi, Chairman H.E. Shaikh Ahmed Bin Khalifa Al-Khalifa, Vice Chairman Hisham Ahmed Alrayes Rashid Nasser Al Kaabi Mustafa Kheriba (till 24 December 2020) Ghazi Faisal Ebrahim Alhajeri Ali Murad (from 9 April 2020) Ahmed Abdulhamid AlAhmadi (from 9 April 2020) Alia Al Falasi (from 30 September 2020) Fawaz Talal Al Tamimi (from 30 September 2020) Amro Saad Omar Al Menhali (till 30 September 2020) Mazen Bin Mohammed Al Saeed (till 31 March 2020) Mosabah Saif Al Mautairy (till 30 September 2020) Bashar Mohamed Al Mutawa (till 1 April 2020) Edris Mohammed Rafi Alrafi (from 24 December 2020) Chief Executive Officer : Hisham Ahmed Alrayes Auditors : KPMG Fakhro GFH Financial Group BSC CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 December 2020 CONTENTS Page Chairman’s report 1-3 Report of the Shari’a Supervisory Board 4-5 Independent auditors’ report to the shareholders 6-11 Consolidated financial statements Consolidated statement of financial position 12 Consolidated income statement 13 Consolidated statement of changes in owners’ equity 14-15 Consolidated statement of cash flows 16 Consolidated statement of changes in restricted investment accounts 17 Consolidated statement of sources and uses of zakah and charity fund 18 Notes to the consolidated financial statements 19-100 Supplementary information (not audited) 101-103 Chairman’s Report-2020 Dear Shareholders, On behalf of the Board of Directors of GFH Financial Group, I am pleased to present the Group’s financial results for the fiscal year ended 31 December 2020.
    [Show full text]
  • Consolidated Financial Statements
    KHALEEJI COMMERCIAL BANK BSC CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2020 Commercial registration : 55133 (registered with Central Bank of Bahrain as a retail Islamic bank). Office : Bahrain Financial Harbour East Tower PO Box 60002, Manama, Kingdom of Bahrain Directors : Jassim Mohamed Alseddiqi – Chairman Sh. Ahmed Bin Isa Khalifa Al Khalifa – Vice Chairman Hisham Ahmed Al Rayes Reyadh Eid Al Yaqoob Abdulla Abdulkarim Showaiter (Resigned on 26 MAR 2020) Dr. Khalid Mohammed Al Khazraji (Resigned on 26 MAR 2020) Mosaboh Saif Al Mutairy (Appointed on 23 SEP 2020) Mustafa Ghazi Kheriba (Resigned on 25 JAN 2021) Fawad Tariq Khan (Resigned on 22 NOV 2020) Yousef Ibrahim Al Ghanim (His term ended in SEP 2020) Mohammad Abdulmohsen Al Rashed (His term ended in SEP 2020) Isa Abdulla Zainal (Appointed on 23 SEP 2020) Mazen Ibrahim Abdulkarim (Appointed on 23 SEP 2020) Salah Abdulla Sharif (Appointed on 19 NOV 2020) Hussain Sayed Ali Al Hussaini (Appointed on 10 DEC 2020) Chief Executive Officer : Sattam Sulaiman Algosaibi Company secretary : Mohammed Abdulla Saleh Auditors : KPMG Fakhroo, Bahrain KHALEEJI COMMERCIAL BANK BSC CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 December 2020 CONTENTS Page Chairman’s report 1-3 Sharia report 4 Independent auditors’ report to the shareholders 5-10 Consolidated financial statements Consolidated statement of financial position 11 Consolidated income statement 12 Consolidated statement of changes in equity 13-14 Consolidated statement of cash flows 15 Consolidated statement of changes in restricted investment accounts 16-17 Consolidated statement of sources and uses of zakah and charity fund 18 Notes to the consolidated financial statements 19-91 Supplementary disclosure 92-94 Chairman’s Report For the Year Ended 31 December 2020 Khaleeji Commercial Bank BSC In the name of Allah, the beneficent, the merciful, Prayers and peace upon the last apostle and messenger, our prophet Muhammad.
    [Show full text]
  • Islamic Finance Outlook 2021 Edition 3 Foreword
    IIslamicslamic FFinanceinance OOutlookutlook 22021020 Edition Contents 2021 Foreword Islamic Finance 2020-2021: Covid-19 Offers An Opportunity For Transformative Developments 4 Acknowledgement 7 Sukuk Outlook Islamic Finance 2020-2021: COVID-19 Offers An Opportunity For Transformative Developments 8 Global Sukuk Market: A Window Of Opportunity Is Opening 13 Presale: GFH Sukuk Company Ltd. 17 Presale: Axiata SPV2 Bhd. 20 Spotlight On… Islamic Finance And ESG: Sharia-Compliant Instruments Can Put The S In ESG 24 Prolonged COVID-19 Disruption Could Expose The GCC’s Weaker Borrowers 28 Banks GCC Banks Face An Earnings Shock From The Oil Price Drop And COVID-19 Pandemic 32 Will COVID-19 And Cheap Oil Reset The Market For GCC Tier 1 Instruments? 43 AAOIFI’s Proposal May Result In Different Interpretations On The Treatment Of Unrestricted Investment Accounts 47 Insurance COVID-19 And Lower Oil Prices Could Accelerate Consolidation Among Saudi Arabian Insurers 50 S&P Global Ratings List 54 Glossary Of Islamic Finance Terms: August 2015 Update 56 S&P Global Ratings Contact List 58 spglobal.com/ratings Islamic Finance Outlook 2021 Edition 3 Foreword Dr. Mohamed Damak Islamic Finance 2020-2021 Senior Director & Global Head COVID-19 OFFERS AN OPPORTUNITY FOR of Islamic Finance TRANSFORMATIVE DEVELOPMENTS S&P Global Ratings believes that global Islamic finance 3- Lockdown measures, implemented by various industry growth will slow significantly in 2020-2021 countries around the world, have also shown the after strong performance in 2019 underpinned by a more importance of leveraging technology and creating a dynamic sukuk market. This is due to the significant nimbler Islamic finance industry.
    [Show full text]
  • Formatted Document
    G GFH Acquires Lulu Anchored Mall in Hidd City Second Mall anchored by Lulu Hypermarket in GFH Portfolio. Bahrain, 16 January 2021 – GFH Financial Group (“GFH”), the leading investment group in the Middle East, has expanded its presence in the retail sector by acquiring 80% of Hidd Mall alongside a strategic investor. The 46,000 m2 mall, located in the fast-growing area of Hidd in Muharraq, is fully leased to Lulu Hypermarkets, the largest retail chain in the Middle East and one of the largest chains in Asia region under a long term lease. The mall currently boasts 100% occupancy, with Lulu Hypermarkets sub-leasing the space to a diverse range of multinational, regional and local tenants. Commenting on the deal, Mr. Hammad Younas, Chief Investment Management of GFH, said: “GFH is excited to announce this latest landmark acquisition, one that is underscored by having Lulu Hypermarkets, the strongest retail chain in the GCC, as the primary tenant. “This is a resilient investment in a key sector which we believe will witness significant growth as the pandemic winds down. Malls anchored by grocery stores have already proved highly resilient, with families choosing to stay at home more during the pandemic.” The mall enjoys a high footfall from Hidd residents. In addition to the Lulu Hypermarket, Hidd Mall offers a range of banking, retail and F&B outlets such as the National Bank of Bahrain, Khaleeji Commercial Bank, Standard Chartered, Malabar Gold and Diamonds, Yum Yum Tree Food Court, KFC, Baskin Robbins, Jasmi’s and Gloria Jean’s Coffees. Other government and service providers located in the property include branches for the Bahrain Traffic Police Station and Ministry of Interior, alongside telecommunications providers Batelco and STC.
    [Show full text]
  • Invitation to Attend Ordinary General Meeting GFH Financial Group
    Invitation to attend Ordinary General Meeting GFH Financial Group The Board of Directors of GFH Financial Group BSC (“Group”) is pleased to invite the esteemed shareholders of the Group to attend the Ordinary General Meeting (“OGM”) to be held on Wednesday, 23 September 2020, at 11:00 A.M. at Al Areen Palace and SPA to discuss and approve the following meeting agenda items, and if the required legal quorum is not achieved, the second meeting will be held on Wednesday, 30 September 2020, or a third meeting, if required, will be held on Wednesday, 7 October 2020 at the same time and place. Agenda of the Ordinary General Meeting: 1- To approve the minutes of the previous Annual General Meeting held on 6 April 2020. 2- To ratify and authorize the agreements with Khaleeji Commercial Bank (the“Bank”) in accordance with Article (189) of the Bahraini Companies Law, and as follows: • The Group signed a swap agreement with Khaleeji Commercial Bank for financial and investment assets worth of BD 46.4 million. • The Group signed an agreement with Khaleeji Commercial Bank to underwrite the issuance of BD 60mn AT1 Sukuk at a premium of BD 12mn and receiving subscription fee of BD 12.1 million. 3- To approve netting-off the accumulated losses by transferring an amount of USD 110,273,000 from the statuary reserve, subject to any regulatory approvals. 4- To ratify the corporate governance report for the financial year ending December 31, 2019 after adding a section related to the remuneration strategy. 5- To ratify the appointment of Mr.
    [Show full text]
  • U Capital Monthly Report Date: 30-Jun-2021
    U Capital Monthly Report Date: 30-Jun-2021 GCC Market Indices Current Close Previous Close Change MTD YTD P/E TTM P/B Index Index % % X X Muscat Stock Exchange 4,063.40 3,852.61 210.79 5.47% 11.06% 14.3 0.8 Saudi Stock Exchange 10,984.15 10,534.70 449.45 4.27% 26.41% 36.2 2.4 Kuwait Stock Exchange 6,386.79 6,210.90 175.89 2.83% 15.16% 40.7 1.6 Qatar Exchange 10,730.68 10,748.26 -17.58 -0.16% 2.82% 18.1 1.6 Bahrain Bourse 1,587.97 1,527.62 60.36 3.95% 6.59% 27.3 1.1 Dubai Financial Market 2,810.56 2,797.52 13.04 0.47% 12.78% 21.3 1.0 Abu Dhabi Securities Exchange 6,835.43 6,558.71 276.72 4.22% 35.48% 23.2 1.9 Country Current Close Previous Close MTD YTD Commodity Prices Price MTD YTD Europe Index Index % % USD % % UK FTSE 100 7,035.09 7,022.61 0.18% 8.89% Brent Crude (per bbl) 75.04 8.25% 46.13% Germany DAX 15,521.30 15,421.13 0.65% 13.14% WTI Crude (per bbl) 73.22 10.40% 50.91% France CAC 40 6,503.40 6,447.17 0.87% 17.15% Oman Crude Oil 72.52 7.92% 42.03% United States Gold100 OZ (per oz) 1,764.92 -7.44% -7.03% USA DJIA 34,426.72 34,529.45 -0.30% 12.48% Silver (per oz) 25.99 -7.26% -1.55% USA S&P 500 4,293.51 4,204.11 2.13% 14.31% Platinum (per oz) 1,068.01 -10.26% -0.38% USA NASDAQ 14,513.24 13,748.74 5.56% 12.61% Copper, MT 9,334.50 -9.00% 20.20% Asia Pacific Aluminium, MT 2,551.50 2.76% 28.90% Japan NIKKEI 225 28,791.53 28,814.34 -0.08% 4.91% Lead, MT 2,305.00 5.08% 15.60% HongKong HANG SENG 28,827.95 29,468.00 -2.17% 5.86% Zinc, MT 2,950.50 -3.58% 7.25% Arab Market Indices Nickel, MT 18,358.00 1.35% 10.50% Egypt The Egyptian Exchange 10,256.62 10,309.06 -0.51% -5.43% Jordan Amman Stock Exchange 2,098.80 2,052.89 2.24% 26.65% Cross Rate for Major Currencies Palestine Palestine Sec.
    [Show full text]
  • GFH Fully Settles US$200 Million Sukuk
    GFH Fully Settles US$200 Million Sukuk - The Group’s debt to equity ratio is among the lowest within Investment Banks at 11.5% [Manama, 29 July 2018]: GFH Financial Group (“GFH” or the “Group”) today announced that it has paid the entire amount of its US$200 million Sukuk, which was originally drawn in 2007. The facility, which was payable over several tranches with final maturity in July 2018, has now been settled with a recent payment of an outstanding amount of US$34 million. Commenting, Mr. Jassim Al Seddiqi, Chairman of the Board of GFH said, “We are pleased to witness the repayment of one of the oldest Facilities that we had in GFH. This Sukuk facility has been previously funded by a mix of GCC and international banks and our ability to make timely repayments and settlement on time increases the confidence in our Group despite market challenges, and underscores the strength of the bank and its debt to equity position.” With this repayment, GFH frees up further assets pledged under the Sukuk for potential disposal or exit. It’s worth noting that in 2008, GFH had financing liabilities in excess of US$1 billion compared to US$125 million today. Mr. Al Seddiqi concluded, “With a prudent approach to managing our liabilities, strong cash generation and levels of liquidity, GFH continues to be better placed than ever to deliver value and further build our commercial and investment banking business lines.” -ENDS- About GFH Financial Group: GFH is one of the most recognized financial groups in the gulf region that includes: Asset Management, Wealth Management, Commercial Banking and Real Estate Development.
    [Show full text]
  • Kic Investment Research
    KIC INVESTMENT RESEARCH Dubai Financial Market Daily Bulletin Wednesday, July 29, 2020 DFM General Index Return v.s. Value Traded (2015-to date) DFM Sectors' Return & Valuations 4,500 Value Traded (AED Mln) RHS DFM General Index- LHS 3,500 Market Cap. YTD-2020 P/E Ratio P/BV Ratio Dividend 4,250 (AED Mln) % Chg (X) (X) Yield (%) 4,000 3,000 Dubai Financial Market 291,296 (21.87%) 7.4 0.83 3.69% 3,750 Banking 154,441 (24.9%) 6.4 0.93 4.29% 3,500 2,500 Consumer Staples 3,103 (6.3%) NM 0.75 2.32% 3,250 Financial Services 13,729 (10.1%) 33.3 0.60 4.55% 3,000 2,000 Industrial 4,927 (4.2%) 7.8 0.87 4.21% 2,750 Insurance 4,963 (2.0%) 5.5 0.52 5.25% 2,500 1,500 Real Estate 55,942 (29.9%) 5.7 0.53 0.00% 2,250 Services 7,984 3.8% 15.2 0.99 4.26% 2,000 1,000 1,750 Telecom 23,134 (8.8%) 13.3 2.57 6.66% 1,500 500 Transportation 23,073 (10.3%) 10.4 1.10 4.60% 1,250 Sectors' YTD Return is based on the Change in market cap. and it might not conform with the benchmark return for each sector 1,000 - Market Breadth 9 20 33 Top 10 Largest Stocks by Market Capitalization Market Return & Capitalization Market Cap. P/E Ratio P/BV Ratio Closing DTD DTD M-T-D YTD-2020 Market Return (AED Mln) (X) (X) Value Chg % Chg % Chg % Chg EMIRATESNBD - Emirates NBD PJSC 55,839 3.9 0.68 DFM General Index 2,050.77 (14.53) (0.70%) (0.703%) (25.83%) EIB - Emirates Islamic Bank PJSC 42,520 40.1 5.12 Market Cap (AED Mln) 291,296 (1,683) (0.57%) (0.20%) (21.87%) DIB - Dubai Islamic Bank 27,298 5.4 0.85 Market Cap Weight By Sector DU - Emirate Integrated 23,027 13.3 2.66 Services Industrial Telecommunications Company PJSC 2.7% 1.7% EMAAR - Emaar Properties PJSC 18,401 3.0 0.34 Real Estate 19.2% Telecom Insurance 7.9% EMAARMALLS - EMAAR MALLS PJSC 17,309 7.6 0.94 1.7% AGLTY - Agility The Public Warehousing 12,408 11.9 1.02 Financial Services Transportation Company (K.S.C.) 4.7% 7.9% MASQ - Mashreqbank PSc 12,072 5.8 0.56 CBD - Commercial Bank of Dubai P.S.C.
    [Show full text]
  • AGM & EGM Meetings for the Year Ended 31/12/2018
    Listed Companies AGM & EGM Meetings For the Year Ended 31/12/2018 Recommendations Ex- Trading No. of AGM / EGM Dividend No. Company’s Name Remark Symbol Cash Bonus Shares Day & Date /Bonus Dividend Shares Date Commercial Banks Sector 1 Ahli United Bank B.S.C. AUB AGM & EGM will be held at 10:00 a.m. at Al- Sarr Ballroom, Jumeirah Al Salam Bank – Bahrain Wednesday 2 SALAM 3.5% - B.S.C. 20/03/2019 Royal Saray Hotel, Seef District, Manama, Kingdom of Bahrain 3 Bahrain Islamic Bank B.S.C. BISB AGM and EGM will be held at 10:00 a.m. at Wednesday 4 BBK B.S.C. BBK 40% - Regency Hotel - Riffa 20/03/2019 Ballroom in Manama–– Kingdom of Bahrain (OGM) will be held at Khaleeji Commercial Bank Wednesday 10:00 a.m. at Business 5 KHCB - - B.S.C 13/03/2019 Center, Bahrain Bourse –Manama - Kingdom of Bahrain OGM and EGM will be held at 11:00 a.m. at National Bank of Bahrain Wednesday 6 NBB 25% 10% Regency Hotel - Riffa B.S.C. 06/03/2019 Ballroom in Manama–– Kingdom of Bahrain 7 Ithmaar Holding B.S.C ITHMR Investments Sector AGM and EGM will be held on at 11:00 a.m. at Wednesday the Headquarter of Al 20/03/2019 Al Baraka Banking Group Baraka Banking Group 8 BARKA 3% - B.S.C. 1st floor, Shaikh Saleh Abdulla Kamel Hall - Bahrain Bay- Kingdom of Bahrain. 9 INOVEST B.S.C INOVEST AGM will be held at Arab Banking Corporation 12:00 p.m.
    [Show full text]
  • Annual Report
    Annual Report GFH Financial Group Profile Group GFH Financial Achievement of A History and Values Vision Platforms Unique Investment Four Directors of Board Sharia Supervisory Board Management Executive Highlights Financial Report Chairman’s CEO Group Message from Business Activities Report Management Executive and Capital Markets Treasury Governance Corporate Risk & Capital Management His Royal Highness His Majesty His Royal Highness Prince Khalifa bin Salman Al Khalifa King Hamad bin Isa Al Khalifa Prince Salman bin Hamad Al Khalifa The Prime Minister of the The King of the The Crown Prince, First Deputy Prime Kingdom of Bahrain Kingdom of Bahrain Minister & Deputy Supreme Commander 06 08 12 14 36 44 46 64 68 72 74 76 80 82 104 Kingdom of Bahrain 2019 marked our twentieth anniversary. We have been witness to phenomenal changes in our business, our Kingdom and across the globe. We are blessed to have weathered many storms and thanks to God, we are fitter, stronger and more capable than ever before. Driven by a clear vision and armed with a pragmatic yet adventurous strategy, we are ready to take on the next challenge, the next year and the next decade. In this foundational report, you can relive our past twenty years, our last financial year and come to understand how our new platforms are setting us up for the next phase of growth. We hope you find our twenty-year annual review as interesting to read as we found it to create - year by year. Two Decades Countless Highlights Since the Group’s inception in 1999, GFH has raised over US$10 billion exclusively on the energy sector.
    [Show full text]