Philippe Lazzarini said Israeli authorities continue to deny humanitarian access to the United Nations
mena3 hours ago
Kuwait: Mezzan Holding made its debut on the Kuwait Stock Exchange on Thursday, trading with the ticker ‘Mezzan’.
Mezzan Holding Vice-Chairman, Mohammad Jassim Mohammad Al Wazzan, said: “This is a testament to all the hard work and dedication of owners, managers, and staff over the last 70 years since the late Jassim Al Wazzan started his first small shop. Today we are a 7,500 employee company and our task now is to continue this legacy by delivering consistent growth to our shareholders and meeting our commitments to our customers, our suppliers, our staff and our shareholders.”
Mezzan Holding announced last month Q1 2015 results with KD52.9 million in revenue, up 10.6 per cent from Q1 2014, and KD5.5 million in net profit, up 24.8 per cent from Q1 2014. In 2014, the company reported KD182.5 million in revenue, up 28.2 per cent from 2013, and net profit of KD16.1 million, up 22.9 per cent from 2013.
“Today, Mezzan Holding brings investors from Kuwait and the Gulf a unique investment opportunity in one of the largest consumer-driven businesses in one of the most defensive, protected and private sectors. The move to list comes after a series of initiatives taken by the company to evolve Mezzan Holding into a public company in a structured, phased, and sustainable approach, turning it from a family institution into a public institution that champions and reflects the strength, legacy, and robustness of Kuwait’s private sector,” added Al Wazzan.
business@khaleejtimes.com
Philippe Lazzarini said Israeli authorities continue to deny humanitarian access to the United Nations
mena3 hours ago
Most residents could expect a fair to partly cloudy day ahead
uae4 hours ago
This service will be accessible for five days after the link becomes active
uae5 hours ago
Onion has been selling at over Dh6 per kg in the local hypermarkets after India put restrictions on exports last year
uae5 hours ago
Determined to drive all the way to her birthplace of Lagos, her journey involved wild camping for almost 74 days, and a harrowing car crash
travel5 hours ago
Explorers have reported experiencing overflowing wadis across the country
uae5 hours ago
The pre-race favourite is bidding to become the first man to win the Giro d'Italia and Tour de France double since Marco Pantani in 1998
sports10 hours ago
Rublev had lost four consecutive matches before arriving in the Spanish capital but came from a set down to beat his Canadian opponent
tennis10 hours ago