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19 April 10:30 PM

Sector News

The decision will be effective on 31 January
22 January 2020 01:22 PM Dalqan Real Estate’s general manger resigns
Mubasher: Dalqan Real Estate announced that its board of directors has approved the resignation of the company’s general manager, Saud Abdullah Saud Al Mutairi, which he submitted on 16 January 2020. The decision shall be effective starting from …
Board of Directors
The subsidiaries showed better financial results
31 October 2019 10:25 AM Metal and Recycling sees 80% lower losses in Q3
Mubasher: The losses of Metal and Recycling Company slid by 79.9% year-on-year to around KWD 92,370 ($304,840) over the third quarter of 2019 from about KWD 459,370 ($1.52 million) a year earlier. During the period from January-September 2019, the …
Company News
The losses of Q3-19 fell to about KWD 31,900
20 October 2019 09:28 AM Kuwait Hotels’ losses narrow 87% in Q3-19
Mubasher: The financial statements of Kuwait Hotels indicated an 87% year-on-year decline in losses during the third quarter of 2019. The losses of the period fell to about KWD 31,900 ($105,420) in Q30-19 when compared to nearly KWD 245,900 …
Company News
The tender contract will have a maturity period of three years
25 September 2019 11:22 AM Metal and Recycling awarded KWD 815,800 tender
Mubasher: Metal and Recycling Company announced that it won the tender contract of operation, maintenance, and management of waste incinerator of Kabad 1 works. The tender contract is valued at KWD 815,800, and was concluded between Metal and …
Companies Investments
Ithmaar Holding is listed on three stock markets
18 September 2019 00:58 PM Boursa Kuwait halts stocks from trading
Mubasher: Boursa Kuwait announced that it has suspended trading on the stocks of Tamkeen Holding Co and Ream Real Estate Co as they had not submitted the financial statements for the period ended on 30 June 2019. Moreover, Ithmaar Holding and …
Management Decisions
Boursa Kuwait has suspended trading on three listed companies due to the lack of financials
1 September 2019 10:32 AM Boursa Kuwait halts 3 companies from trading
Mubasher: Boursa Kuwait has suspended trading on three listed companies due to the lack of financial statements. The three companies are Tamkeen Holding, Reem Real Estate, and Al Kout Industrial Projects, according to the bourse’s statement on …
Markets Regulations
Boursa Kuwait will suspend trading on Effect shares on 1 September
1 September 2019 10:06 AM Boursa Kuwait suspends trading on Effect shares
Mubasher: Boursa Kuwait announced that it will suspend trading on Effect Real Estate Company share starting from Sunday, 1 September. The action was taken upon the decision of the postponed extraordinary general assembly regarding the company's …
Market News
Headquarters of Boursa Kuwait
15 August 2019 10:48 AM Financials disclosure period ends in Boursa Kuwait; stocks suspended
Mubasher: Boursa Kuwait announced that the period scheduled for listed companies to disclose their interim financial statements has ended. Following this announcement, trading on five stocks of companies listed on the stock exchange will be …
Market News
Profits for Q2-19 stood at KWD 20,680
4 August 2019 10:39 AM National Consumer Q2 profits drop 79%
Mubasher: National Consumer Holding, listed on Boursa Kuwait, has posted a 79.2% year-on-year decline in profits for the second quarter of 2019.  Profits for Q2-19 stood at KWD 20,680 ($68,040), versus KWD 99,580 ($327,670) during the quarter in …
Financial Results
Metal and Recycling recorded a 98.5% increase in Q1-19 losses
25 July 2019 11:04 AM Metal and Recycling’s losses widen 18.5% in Q2-19
Mubasher: Metal and Recycling reported an 18.5% year-on-year (YoY) increase in losses during the second quarter of 2019. The company incurred losses of about KWD 348,520 ($1.15 million) in Q2-19, compared to around KWD 294,170 (about $969,000) in …
Financial Results
Gulf Franchising’s losses slightly widened in Q1-19
24 July 2019 09:57 AM Gulf Franchising’s losses narrow 6% in Q2-19
Mubasher: Gulf Franchising Holding reported a 5.6% year-on-year decline in losses during the second quarter of 2019. The company incurred losses of about KWD 67,810 (approximately $223,300) in Q2-19, versus nearly KWD 71,800 (around $236,400) in …
Financial Results
The deal’s financial impact cannot be determined now
19 June 2019 05:18 PM Metal and Recycling inks $9.5m contract with health ministry
Mubasher: Metal and Recycling has signed a KWD 2.88 million ($9.49 million) bid licence contract with the Kuwaiti Ministry of Health. Under the 10-year contract, the Boursa Kuwait-listed company will undertake the establishment, maintenance, …
Companies Investments
Net losses amounted to KWD 200,010 in the 12-month period ended in January
1 May 2019 05:22 PM Effect Real Estate’s losses fall 43% in 12M
Mubasher: Effect Real Estate reported a 43% year-on-year drop in losses for the fiscal year ended 31 January. Net losses amounted to KWD 200,010 in the 12-month period ended in January, compared to KWD 351,140 in the same period of the prior year, …
Financial Results
The firm’s losses amounted to KWD 183,310 in Q4-18
1 April 2019 02:11 PM Kuwait Hotels deepens losses in Q4, 2018
Mubasher: Kuwait Hotels on Monday reported a 577.6% year-on-year increase in losses during the fourth quarter of 2018. The firm’s losses amounted to KWD 183,310 in Q4-18, up from KWD 27,050 during Q4-17, according to a statement to Boursa Kuwait. …
Financial Results
No cash dividends to be distribute for FY18
25 March 2019 10:42 AM National Consumer turns profitable in Q4-18
Mubasher: National Consumer Holding Company on Monday announced turning to profits during the fourth quarter of 2018, against losses incurred in the year-ago period. National Consumer’s profits amounted to about KWD 25,030 ($82,600) in Q4-18, …
Financial Results
The decrease in FY18 losses is attributed to higher operating revenues
17 March 2019 11:09 AM Gulf Franchising losses shrink 82% in Q4
Mubasher: Gulf Franchising Holding registered a decline of 82.6% in losses during the fourth quarter of 2018 compared to the same period a year ago. Losses narrowed to about KWD 264,120 ($870,300) in Q4-18 from approximately KWD 1.52 million …
Banking and Finance
Metal and Recycling incurred losses of KWD 1.27 million in FY18
17 March 2019 10:30 AM Metal and Recycling incurs losses in FY18
Mubasher: Metal and Recycling suffered a loss of KWD 324,000 ($1.07 million) during the fourth quarter of 2018 against profits worth nearly KWD 72,080 ($237,500) in the corresponding period a year ago. During fiscal year 2018, the company incurred …
Financial Results
The report showed a decrease of KWD 480,000 in the value of the property
20 February 2019 05:34 PM Gulf Franchising incurs KWD 0.5m losses from evaluating asset
Mubasher: Gulf Franchising Holding received a report from an external real estate office to evaluate an investment asset related to the company, according to a bourse disclosure on Wednesday. The report showed a decrease of KWD 480,000 in the …
Real estate
The credit facilities will be raised to KWD 2.85 million
23 December 2018 10:04 AM Metal and Recycling to raise credit facilities to KWD 3m
Mubasher: The board members of Metal and Recycling approved, during their meeting on 20 December, to increase the credit facilities granted from the Industrial Bank of Kuwait. The credit facilities will be raised to KWD 2.85 million instead of KWD …
Board of Directors
The renewed contract is valued at KWD 2.7 million
24 October 2018 05:22 PM Kuwait Hotels renews KWD 3m deal with Amiri Diwan
Mubasher: Kuwait Hotels announced that its subsidiary has extended a contract with the Amiri Diwan of Kuwait. The renewed contract is valued at KWD 2.7 million and will be effective as of the beginning of next February for three years, according …
Companies Investments
Gulf Franchising’s shares have a value of KWD 150,000 ($496,000)
14 October 2018 11:54 AM Automated Systems purchases Gulf Franchising’s stake in firm
Mubasher: Automated Systems has signed a contract to purchase Gulf Franchising Holding’s equity in Franchise International General Trading. Gulf Franchising’s shares have a value of KWD 150,000 ($496,000). Following this acquisition, Automated …
Trading Activities
the sale deal will generate cash liquidity at a value of about KWD 110,060
2 October 2018 05:56 PM Gulf Franchising sells entire equity in Al Nawadi
Mubasher: Gulf Franchising Holding has completed a deal for selling the entire shares of Al Nawadi Holding Co., which is owned by Gulf Franchising and among the financial assets at fair value through profits and losses. The company clarified that …
Companies Investments
Gulf Franchising’s board members were authorised to acquire credit facilities
10 September 2018 04:26 PM Gulf Franchising buys KWD 7m assets
Mubasher: Gulf Franchising Holding announced that its board members approved purchasing restaurants and companies at a combined value of KWD 7.07 million. The Kuwaiti firm will pay for these assets as KWD 3.05 million in cash, while the remaining …
Companies Investments
The process took place on Tuesday 4 September with a total price of KWD 3.05 million
6 September 2018 03:17 PM GFC’s board member buys 30m shares
Mubasher: Gulf Franchising Holding (GFC) on Thursday announced that its board member Abdullah Jassim Boodai has purchased around 30.5 million shares of the company’s capital through a subscription. The process took place on Tuesday, 4 September …
Trading Activities
5 September 2018 11:42 AM Boursa Kuwait resumes trading on Gulf Franchising's stock Wednesday
Mubasher: Boursa Kuwait on Wednesday announced that it has resumed trading on Gulf Franchising Holding's (GFC) shares on Wednesday.  The decision came after the Kuwaiti firm had completed its capital restructuring procedures, according to …
Markets Regulations