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25 April 10:46 AM

Sector News

Photo Credit: Arabianeye-Reuters
13 July 2015 08:44 AM Mazaya posts $13.5m profits in H1
Kuwait – Mubasher: Al Mazaya Holding reported a net profit of $13.5 million for the first six months of 2015, according to filings with the Kuwait and Dubai stock markets. The full-service real estate developer also reported a net profit of $7.86 …
Financial Results
Photo Credit: Arabianeye-Reuters
30 June 2015 11:08 AM Kuwait’s Al Aman gets over $10m from Arcapita-run exit
Kuwait – Mubasher: Al Aman Investment said Tuesday it received its dues from divesting an available-for-sale investment worth $10.4 million (KWD 3.1 million) in the US senior living yielding IV, through a portfolio run by Bahraini bank Arcapita, …
General News
Photo Credit: Arabianeye-Reuters
19 May 2015 08:49 AM Social Insurance cuts stake in Al-Imtiaz
 By: Mahmoud GamalKuwait – Mubasher:Several companies have seen changes in ownership stakes after the close of trading on Monday.The General Organisation for Social Insurance has reduced its stake in Al-Imtiaz Investment Group by 0.5% from …
Company News
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17 May 2015 10:05 AM Inovest turns to loss in Q1
Bahrain - Mubasher: Inovest company said on Sunday it turned to losses in the first quarter of 2015, reaching $991,000 (BHD 373,000) against a net profit of $1.5 million (BHD 565,500) in the same period in 2014, according to filings to the …
Company News
Photo Credit: Arabianeye-Reuters
17 May 2015 09:57 AM Al Kharafi ordered to pay KWD 8m to Noor Financial
Kuwait – Mubasher: The appeals court has ruled that defendants Hossam Fawzy Abdel Mohsen Al-Kharafi and MAC Group for Project Management and another company are to pay KWD 8.3 million ($27.4 million) to Noor Financial Investment, according to …
Company News
Photo Credit: Arabianeye-Reuters
17 May 2015 09:46 AM Kuwaiti firms form alliance for $23m Bahrain investment
 Kuwait – Mubasher: Kuwait Resorts (Muntazahat) said Sunday it formed an alliance with The Commercial Real Estate (AlTijaria) in order to invest in a new property worth $23.3 million (BHD 8.84 million) in the Kingdom of Bahrain.The resorts …
Company News
Photo Credit: Arabianeye-Reuters
30 April 2015 09:55 AM IFA proposes no dividends on FY14 losses
International Financial Advisors (IFA) saw negative turn in its financials of the fiscal year 2014, posting a net loss of KWD 34.05 million ($112,72 million) against earnings worth KWD 2.92 million ($9.67 million) in 2013.The company, which is …
Company News