Aayan Real Estate Co KSCP (AAYANRE`R)

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News

6 May 2020 07:33 AM Aayan Real Estate concludes in-kind exit from real estate portfolio

Mubasher: Aayan Real Estate Company, a subsidiary of Aayan Leasing and Investment, has concluded an in-kind exit from one of the real estate portfolios investing in Egypt.   The transaction was concluded in return for the obtainment of nearly two …

Real estate

8 March 2020 06:57 AM Aayan Real Estate’s profit down 64% in 2019; bonus proposed

Mubasher: The financial statements of Aayan Real Estate Company, a subsidiary of Aayan Leasing and Investment, showed an annual decrease in profits by 64% over 2019 to KWD 2.11 million (approx. $6.96 million), from KWD 5.93 million (approx. $19.5 …

Board of Directors

31 December 2019 03:25 PM Aayan Real Estate buys investment property at KWD 1.1m

Mubasher: Aayan Real Estate Company, a subsidiary of Boursa Kuwait-listed Aayan Leasing and Investment, has purchased an investment property, located in Mahboula district in Kuwait, at a total value of KWD 1.12 million. The company referred that …

Real estate

4 November 2019 01:38 PM Aayan Real Estate profits up 18% in Q3

Kuwait – Mubasher: Aayan Real Estate Company has reported a 17.8% increase in profits in the third quarter (Q3) of the year to KWD 378,000 ($1.25 million), compared with KWD 321,000 ($1.06 million) a year earlier. The company also achieved KWD …

Real estate

22 October 2019 10:01 AM Aayan Leasing’s unit seals KWD 2.6m sale contracts

Mubasher: Tawazun Holding, a fully owned subsidiary of Aayan Leasing and Investment, has concluded primary property selling contracts for three buildings. The deal is valued at KWD 2.620 million, Aayan Leasing said in a bourse statement on …

Company News

1 August 2019 00:18 PM Aayan Real Estate posts 84% profits in Q2-19

Mubasher: The financial statements of Aayan Real Estate Co. revealed an 84.3% year-on-year increase in profits during the second quarter of 2019. The profits of the period hit around KWD 979,000 ($3.23 million) from nearly KWD 531,240 ($1.75 …

Real estate

11 July 2019 02:07 PM Aayan Real Estate ups credit limit with Kuwaiti bank

Mubasher: Aayan Real Estate has signed an agreement with a Kuwaiti bank to increase the company’s credit limit to KWD 13 million ($42.72 million). Under the agreement, the limit of the credit granted by the bank to Aayan will be increased to KWD …

Real estate

6 May 2019 10:59 AM Aayan Real Estate sells KWD 1.1m asset

Mubasher: Aayan Real Estate has sold a Kuwait-based investment property at a value of KWD 1.08 million ($3.56 million). The company will generate a profit of KWD 190,500 profit from the sale, which will be listed in its statements for the second …

Real estate

6 May 2019 10:47 AM Aayan Real Estate turns profitable in Q1

Mubasher: Aayan Real Estate turned a profit during the first quarter of 2019, against incurring losses in the year-ago period. The firm’s profits hit KWD 404,400 ($1.3 million) in Q1-19, against a loss of KWD 44,900 ($148,100) during Q1-18, …

Financial Results

2 May 2019 00:31 PM Aayan Real Estate to pay KWD 2m dividend for FY18

Mubasher: Aayan Real Estate’s shareholders approved the board’s proposal for distributing KWD 2.04 million at 5 fils per share as cash dividends for the full fiscal year 2018 in a meeting held on Thursday. Distributions, which represent 5% of the …

Cash Dividends

21 March 2019 10:38 AM Aayan Leasing’s subsidiary sells KWD 2m asset

Mubasher: Aayan Leasing and Investment said that its subsidiary has sold a property valued at KWD 1.65 million ($5.44 million). The 57.78%-owned subsidiary is the Boursa Kuwait-listed Aayan Real Estate, according to a bourse disclosure on …

Companies Investments

5 March 2019 08:02 AM Aayan Real Estate FY18 financials turn profitable; dividends proposed

Mubasher: Aayan Real Estate achieved profits valued at KWD 5.13 million ($16.92 million) in the fourth quarter of 2018 against a loss of KWD 9.28 million ($30.61 million) in the same period a year ago. During fiscal year 2018, the real estate …

Board of Directors

5 November 2018 02:11 PM Aayan Real Estate Q3 profits jump 157%

Mubasher: Aayan Real Estate achieved an increase of 157% in profits during the third quarter of 2018 compared to the same period a year ago. Earnings grew to about KWD 320,700 ($1.1 million) in Q3-18 from nearly KWD 124,800 ($411,500) in Q3-17, …

Real estate

17 October 2018 11:41 AM Aayan Real Estate buys KWD 2.4m asset in Al Ahmadi

Mubasher: Aayan Real Estate has completed the procedures of purchasing a land plot in East Al Ahmadi city. The asset is valued at KWD 2.4 million ($7.9 million), according to a bourse statement on Wednesday. The financial impact of this deal will …

Real estate

6 August 2018 07:08 AM Aayan Real Estate logs profit rise in Q2

Mubasher: Aayan Real Estate on Monday said it achieved a year-on-year profit growth of 48.6% during the second quarter of 2018. Earnings increased to about KWD 531,200 ($1.76 million) in Q2-18 from nearly KWD 357,600 ($1.18 million) in the same …

Financial Results

8 March 2018 06:17 AM Aayan Real Estate incurs losses in FY17

Mubasher: Aayan Real Estate has incurred losses of KWD 2.91 million ($9.72 million) during the fourth quarter of 2017 against a profit worth KWD 1.73 million ($5.78 million) in the same period a year ago. During fiscal year 2017, the real estate …

Financial Results

16 January 2018 09:46 AM Saudi GAZT cancels SAR 9.8m of Aayan Leasing’s claim

Mubasher: Aayan Leasing and Investment announced that the Saudi General Authority of Zakat and Tax (GAZT) has canceled SAR 9.8 million ($2.6 million) of the authority’s claim as part of the zakat and taxes imposed on Hajar Tower. Aayan Leasing has …

Taxes

14 December 2017 01:42 PM Aayan Real Estate’s subsidiary buys $7.4m asset in UAE

Mubasher: Aayan Real Estate announced that its 99%-owned subsidiary Hajar for public trading purchased a commercial residential building in the Emirate of Sharjah, the UAE. The company has bought the asset for AED 26.78 million or KWD 2.22 million …

Companies Investments

12 December 2017 00:49 PM Aayan Leasing incurs losses in Egypt’s property portfolio

Mubasher: Aayan Leasing and Investment announced a loss of KWD 668,000 ($2.21 million) from its investment in Egypt’s third real estate portfolio, according to a bourse statement issued on Tuesday. The realised loss was registered following the …

Companies Investments

11 December 2017 06:43 AM Aayan Real Estate to liquidate $1.3m Egypt’s portfolio

Mubasher: Aayan Real Estate has received a report from the director of Egypt’s third real estate portfolio referring to a decline of 60%. The report also added that procedures for liquidating the real estate portfolio in Egypt have begun, …

Companies Investments

30 October 2017 05:59 AM Aayan Real Estate profits retreat 80% in Q3

Mubasher: Aayan Real Estate on Monday said that its profits slid 79.9% in the third quarter of 2017, compared to the year-ago period. Profits amounted to KWD 124,510 ($412,080) in Q3-17, compared to KWD 620,740 in Q3-16, according to a statement …

Financial Results

15 October 2017 01:08 PM Aayan Real Estate buys $3.35m asset in Salmiya

Mubasher: Aayan Real Estate has purchased an investment property in Salmiya City in Kuwait for a total value of KWD 1.01 million ($3.35 million), according to a bourse statement issued on Sunday. The purchase transaction was executed in a public …

Companies Investments

27 July 2017 06:12 PM Aayan Real Estate profits increase in Q2

Kuwait – Mubasher: Aayan Real Estate on Thursday announced its profits surged 84.9% year-on-year in the second quarter of 2017. Profits amounted to KWD 357,600 ($1.18 million) in Q2-17, compared to KWD 193,410 ($638,360) in Q2-16, according to a …

Financial Results

2 May 2017 10:24 AM Aayan Real Estate profits go up 165% in Q1

Kuwait – Mubasher: Aayan Real Estate on Tuesday announced a 164.7% boost in its profits for the first quarter of 2017, compared to the first quarter in 2016. Profits reached KWD 536,890 ($1.76 million) in Q1-17, compared to KWD 202,850 ($ 664,730) …

Financial Results

30 April 2017 00:36 PM Aayan Real Estate nods to FY16 dividends

Kuwait - Mubasher: The ordinary general meeting (OGM) of Aayan Real Estate approved distributing 6.5% of capital as cash dividends for fiscal year 2016. The company will pay 6.5 fils per share to the entitled shareholders as FY16 dividends, …

General Assembly