Al Arabiya Real Estate Co KSC (ARABREC)

Mubasher: Kuwaiti firm Al Arabia Real Estate Company has sold its stake in the Egyptian Gulf Bank (EG Bank) for $10.17 million. Kuwait Barraries Trading Company has purchased the Boursa Kuwait-listed company’s equity in EG Bank, equivalent to …

Mubasher: Al Arabiya Real Estate, listed on Boursa Kuwait, has reached an agreement to sell its entire stake in Egypt's Sharm Dreams for Real Estate Development Co, amounting to 5.47 million shares, for KWD 2.1 million (EGP 110 million).  A total …

Mubasher: Al Arabiya Real Estate turned profitable at KWD 1.66 million in the fiscal year (FY) ended on 31 December 2019, against losses of KWD 2.44 million in the previous year. The positive 2019 results were backed by a partial refund of …

Mubasher: Al Arabiya Real Estate has signed an initial contract to sell properties in the Kuwaiti cities of Al Salmiya and Al Farwaniya for KWD 4.17 million, the company said on Thursday. Once the sale is concluded, Al Arabiya will incur net loss …

Mubasher: The losses of Al Arabiya Real Estate dropped by 37.3% year-on-year during the third quarter of 2019, the financial statements showed. The losses totalled about KWD 481,000 ($1.59 million) in Q3-19 when compared to nearly KWD 767,000 …

Mubasher: The financial statements of Al Arabiya Real Estate revealed a 51% year-on-year increase in losses during the second quarter of 2019. The losses of the period amounted to around KWD 738,640 ($2.43 million), compared to nearly KWD 362,160 …

Mubasher: Sharjah Court has postponed Al Arabiya Real Estate’s (ARABREC) lawsuit against Emirates Islamic Bank (EIB) until 19 June. The Emirati court ascribed postponing its ruling until receiving the Kuwaiti’s firm report, according to ARABREC’s …

Mubasher: Al Arabiya Real Estate’s (ARABREC) general assembly has approved the underwriting of KWD 9.8 million ($32.34 million) deferred loss. The Kuwait-listed company’s loss will be underwritten by an optional reserve of KWD 4.5 million ($14.85 …

Mubasher: Al Arabiya Real Estate (ARABREC) on Sunday reported a 5.6% decline in losses during the fourth quarter of 2018, compared to the year-ago period. ARABREC’s losses hit KWD 920,000 ($3.04 million) during Q4-18, down from KWD 975,000 ($3.22 …

Mubasher: Al Arabiya Real Estate (ARABREC) on Sunday announced signing an agreement with InterContinental Hotels Group (IHG) to establish Staybridge hotel in Kuwait. The agreement was inked by Jawad Bukhamseen, CEO of ARABREC, and Pascal Gauvin, …

Mubasher: Al Arabiya Real Estate has signed a preliminary agreement to sell a property in Salmiya City. The asset is valued at KWD 2.35 million ($7.75 million), the company said in a bourse disclosure on Sunday. Selling this asset will not result …

Mubasher: Al Arabiya Real Estate announced it had sold its entire stake in a local investment, Eskan Global. The exit transaction was executed by selling 4.925 million shares at a value of about KWD 221,630, according to a bourse statement on …

Mubasher: Al Arabiya Real Estate has denied disclosing any statements related to receiving a proposal to purchase an asset in the UAE. There is no financial impact of this essential information, Al Arabiya said in a bourse statement on Sunday. The …

Mubasher: Al Arabiya Real Estate registered a decline of 49.5% in losses to about KWD 319,660 ($1.06 million) in the second quarter of 2017 compared to nearly KWD 632,790 ($2.09 million) in the same quarter of 2016. During the first six months of …

Kuwait – Mubasher: Al Arabiya Real Estate on Sunday reported a 23.6% decrease in its losses for the first quarter of 2017, compared to the same period in the year before. Losses amounted to KWD 509,850 ($1.67 million) in Q1-17, compared to KWD …

Kuwait – Mubasher: Al Arabiya Real Estate has sold its entire stake in Gazal Logistics and Warehousing Co, according to a bourse statement issued on Sunday. The company’s stake includes 16.5 million shares at a value of about KWD 577,500. A profit …

Kuwait - Mubasher: Al Arabiya Real Estate Company (ARABREC) turned to losses in the fourth quarter of 2016 compared to the corresponding period in 2015, according to its unaudited financial results. Losses reached KWD 4.25 million ($13.93 million) …

Kuwait – Mubasher: Al Arabiya Real Estate Company’s net loss for the third quarter of fiscal 2016 worsened by 29% to KWD 1.25 million ($4.14 million), versus KWD 969,260 ($3.2 million) for Q3-15. Net losses for the first nine months of 2016 …

Kuwait – Mubasher: Al Arabiya Real Estate suffered losses worth about KWD 630,050 ($2.08 million) in the second quarter of 2016, 48.8% down from KWD 1.23 million ($4.06 million) in the same period of 2015. During the first quarter of 2016, losses …

Kuwait-Mubasher: Al Arabiya Real Estate’s losses deepened as much as 981.2% to about KWD 667,210 ($2.21 million) in the first quarter of 2016, compared to nearly KWD 61,710 ($204,830) in Q1-15, according to a bourse statement. Losses per share …

Kuwait-Mubasher: Al Arabiya Real Estate showed 113.8% increase in net profit to KWD 4.02 million ($13.4 million) in the fourth quarter of 2015, compared to KWD 1.88 million ($6.28 million) in Q4-14. Al Arabiya posted KWD 1.76 million profits …

Kuwait-Mubasher: Al Arabiya Real Estate’s losses widened 517.3% to KWD 2.26 million ($7.45 million) in the first nine months of 2015, compared to about KWD 366,100 ($1.21 million) in the same period of 2014. The company noted that the increase of …

The Kuwait Stock Exchange (KSE) showed seven changes in equity ownership last week, according to a report issued by Al Joman Center for Economic Consultancy. The report clarified that KSE witnessed an increase in three stakes, a decrease in two …

Kuwait Stock Exchange (KSE) website displayed a number of changes in equity ownership ratios by the end of Monday's trading session.Mubasher quoted official data showing that Kuwait's public Institution for social security (PISS) has cut its stake …

Capital market analyst Badr Al-Durzi advised investors to follow five shares traded on Kuwait Stock Exchange during this week, naming the first share to be Hits Telecom Holding (HITSTELEC) which settled at a support level 33 fils with resistance …