Al-Manar: Consistent annual profits and dividends distribution reflect the company’s strong management and clear strategy


Al-Manar Financing & Leasing Company held an investors' presentation on Tuesday, February 5, 2019 at Boursa Kuwait in preperation for listing the shares of the company on the main market of Boursa Kuwait. The presentation highlighted the company’s history, Management and operations, in addition to Al-Manar’s Sharia-compliant financial services which are primarily focused on financing,  and investments to a lesser degree. The presentation also provided a financial analysis of the company’s performance and stressed on the stable performance of Al-Manar, its dividends distributions over the past years, the well maintained loans portfolio, its well capitalized balance sheet and comfortable debt service ability; all which contributed to substanial improvement in its credit rating to BB credit rating from Capital Intelligence.

Mr. Abdulla Saud Al Bader, CEO of Al-Manar Financing & Leasing Co. said, “We are keen to satisfy the financial needs of individuals and businesses to best enable them to achieve their goals through Al-Manar’s Sharia-compliant innovative financial instruments. The company has achieved positive profits over the last five years and maintained a four-year stable dividend of 5 fils per share. Al Manar’s future strategy focuses on developing and growing its loan portfolio, diversifying its sources of finance in addition to exiting from non-profitable investments.”

On the listing of Al-Manar Financing & Leasing Company, Mr. Manaf Abdulaziz Alhajeri, CEO of Markaz, said, “We are delighted to have been working with Al Manar as listing advisor. Markaz provided a comprehensive assessment on the impact of listing on Boursa Kuwait, in addition to providing advice on CMA listing rules and regulations and the process and steps of listing on Boursa Kuwait. We believe that listing Al Manar will contribute to the diversification of listings in different sectors in the Kuwaiti market and will encourage more companies to follow. We thank Al Manar for their trust in Markaz and its investment banking team. This trust is stemmed from Markaz’s track-record, executing several successful transactions in the region with a total value of KD 1.2 billion spanning across equity issuances, debt issuances, mergers and acquisitions, listing and credit rating advisory and other advisory transactions.”

It is worth mentioning that Al-Manar’s capital amounted to KD 30.9 million (as of September 2018). Total assets value amounted to KD 44.7 million and liabilities amounted to KD 9.4 million. Al-Manar achieved earnings per share of 5.6 Fils in 2017. Major shareholders of the Company include Qatar Investment & Projects Development Holding Company (QIPCO) with 18.4% ownership, Wafra International Investment Co. with 14.6% and Financial Assets Bahrain WLL with 13.7% ownership.

Prospectus link

Investor Presentation