Abyaar Real Estate Development (ABYAAR)

Mubasher: Boursa Kuwait announced that trading the stock of Abyaar Real Estate Development will resume on Wednesday. The stock was suspended as the company did not pay the subscription fees for 2020. A total of 14 stocks were recently announced to …

Mubasher: Abyaar Real Estate Development reported a 50% year-on-year (YoY) drop in its net losses during 2019. The company suffered net losses of KWD 15.78 million ($51.2 million) last year, down from KWD 31.67 million ($102.7 million) in 2018, …

Mubasher: Abyaar Real Estate Development said that Wednesday, 29 July 2020, will be its last trading day on Boursa Kuwait. The announcement has no material impact on the company’s financials in the present time, according to a bourse statement on …

Mubasher: Abyaar Real Estate Development announced that Wednesday, 29 July 2020, will be the last trading day on Boursa Kuwait. The decision has no material impact on the company’s financial position, according to a bourse statement on Sunday.  It …

Mubasher: The board of commissioners of Kuwait’s Capital Markets Authority (CMA) has approved Abyaar Real Estate Development’s request to optionally delist from Boursa Kuwait.   The decision shall be effective starting Tuesday, 28 January 2020, …

Mubasher: Aayan Leasing and Investment said that the latest sale of a land of its sister company Abyaar Real Estate Development’s subsidiary would bring about losses of KWD 560,000 ($1.85 million). Abyaar announced earlier on Monday that a Gulf …

Mubasher: Abyaar Real Estate Development said on Monday that a Gulf bank has sold a land of a subsidiary of the real-estate company for AED 15.005 million ($4.09 million). The sale of the land was made in an auction, Abyar said in a bourse filing. …

Mubasher: Abyaar Real Estate Development’s shareholders have approved a proposal to withdraw the company’s shares from Boursa Kuwait, according to a bourse statement released on Tuesday. Moreover, shareholders of Kuwait Syrian Holding approved the …

Mubasher: Abyaar Real Estate Development recorded a year-on-year increase of 215.1% in losses during the third quarter of 2019. Losses for the period amounted to KWD 4.6 million ($15.18 million) from KWD 1.46 million ($4.82 million) in Q3-18, …

Mubasher: The board of Abyaar Real Estate Development submitted a recommendation to the ordinary general meeting (OGM) regarding the optional withdrawal from Boursa Kuwait. The board’s decision aims to cut the firm’s financing and administrative …

Mubasher: The board of Abyaar Real Estate Development will discuss the optional delisting from Boursa Kuwait during the meeting that will be held on Monday, 28 October 2019. The decision is expected to reduce the firm’s administrative and general …

Mubasher: The board of Abyaar Real Estate Development approved the resignation of its chairman, Saleh Abdul Aziz Al Saraawi, who represents Aayan Leasing and Investment, during the meeting held on Sunday.  The resignation was submitted for …

By: Mohammad Farouk Mubasher: The profits of 34 Boursa Kuwait-listed real estate companies dropped 40.8% year-on-year to KWD 14.34 million ($47.3 million) during the second quarter of 2019. In the first six months of 2019, the real estate …

Mubasher: Abyaar Real Estate Development turned to losses during the second quarter of 2019. Net losses stood at KWD 19.67 million ($64.87 million) in Q2-19, against profits of KWD 93,490 ($308,310) in Q2-18, according to the company’s recent …

Mubasher: Abyaar Real Estate Development posted a decrease of 14.5% in losses during the first quarter of 2019 compared to the same period a year ago. Losses narrowed to about KWD 136,260 ($449,140) from January to March 2019 when compared to …

Mubasher: Abyaar Real Estate Development has started executing a memorandum of understanding (MoU) with a local bank to settle its financial liabilities which have been allocated to the company in the form of credit facilities at a total value of …

Mubasher: Abyaar Real Estate announced that it has incurred losses worth KWD 986,000 ($3.25 million) due to selling a land plot in Dubai in consideration of AED 8 million (KWD 660,000). The book losses of this deal will be realised in the …

Mubasher: Abyaar Real Estate Development has reported an 89.7% year-on-year loss decline during the fourth quarter of 2018, recording KWD 230,000 ($759,000). The Kuwait-listed company’s loss went down 57.6% to KWD 1.69 million in 2018, compared to …

Mubasher: Abyaar Real Estate Development has signed a memorandum of understanding (MoU) with a local bank in Kuwait to settle financial liabilities in the form of credit facilities valued at KWD 20.4 million. The amount of this liability includes …

Mubasher: Abyaar Real Estate Development is currently in negotiations with a local bank to reach a settlement for its indebtedness, according to a bourse disclosure on Thursday. The Kuwaiti company is in talks to settle KWD 20.4 million …

By: Mohamad Farouk Mubasher: The stock of Abyaar Real Estate Development on Sunday went up 2.31% or 0.6 fils to reach 26.6 fils by 12:02 pm Kuwait time, hitting its highest level in four months. The real estate segment edged up 0.1% in line with …

Mubasher: Abyaar Real Estate Development said that its subsidiary in the UAE has signed a main contractor’s deal to construct and develop two residential buildings in Dubai. The contract’s value is worth AED 150 million ($41 million), according to …

Mubasher: Abyaar Real Estate Development suffered losses of KWD 3.78 million ($12.38 million) during the fourth quarter of 2016 as compared to about KWD 27,800 ($91,070) in the same period of 2015. During the fiscal year, the company’s losses …

Kuwait – Mubasher: Abyaar Real Estate Development has repaid KWD 1.95 million worth debts to a local company, as part of settling debts through quarterly installments. The remaining amount of the debts stands at nearly KWD 665,140, according to a …

Kuwait – Mubasher: Abyaar Real Estate Development has repaid a total of AED 36.83 million to a Gulf bank, according to a bourse filing issued on Tuesday. The Kuwaiti company signed an agreement in November, 2012 to settle its entire debts that are …