Al Arabiya Real Estate Co KSC (ARABREC) News - Mubasher Info
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15 May 04:39 PM

Al Arabiya Real Estate Co KSC (ARABREC`R)

Last update: 14 May 01:09 PM market time.
191.00
105.40
123.13%
Open 195.00
Previous Close 85.60
High 196.00
Low 191.00
Stock Statistics
Volume 433,111
Turnover 83,689.35
All data are 15 minutes late during market session

News

Photo Archive
16 June 2022 07:08 PM Kuwait’s Al Arabia Real Estate exits EG Bank for over $10m
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 …
Companies Investments
The value of the transaction amounts to KWD 2.1 million
2 November 2021 05:16 PM Al Arabiya Real Estate to sell entire stake in Egypt's Sharm Dreams
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 …
Real estate
The company turned to a profit of KWD 1.66 million in Q4-19
6 April 2020 03:30 PM Al Arabiya Real Estate turns profitable in FY19
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 …
Real estate
Al Arabiya will incur net loss of KWD 490,740
12 December 2019 06:18 PM Al Arabiya Real Estate sells properties for KWD 4.2m
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 …
Real estate
Losses retreated by 20.6% in 9M
29 October 2019 03:10 PM Al Arabiya Real Estate Q3 losses narrow 37%
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 …
Financial Results
Al Arabiya Real Estate earned around KWD 9,300 profits in Q1-19
29 July 2019 04:50 PM Al Arabiya Real Estate’s losses deepen 104% in Q2-19
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 …
Financial Results
The Emirati court ascribed postponing its ruling until receiving the Kuwaiti’s firm report
9 June 2019 03:12 PM Sharjah Court postpones Al Arabiya Real Estate’s suit against EIB
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 …
Management Decisions
The firm reported a 5.6% decline in losses in Q4
20 April 2019 08:25 PM Al Arabiya Real Estate’s shareholders consent to underwrite $32.3m loss
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 …
Companies Investments
Al Arabiya Real Estate reduces losses in Q4, during 2018
24 March 2019 05:17 PM Al Arabiya Real Estate reduces losses in Q4, during 2018
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 …
Financial Results
The hotel will provide businessmen and tourists with a luxurious and professional level of services.
4 November 2018 11:04 AM ARABREC, InterContinental ink new hotel deal in Kuwait
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, …
Real estate
Al Arabiya Real Estate's liquidity will increase by KWD 2.35 million
28 October 2018 04:40 PM Al Arabiya Real Estate inks initial exit deal for $2.4m asset
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 …
Real estate
Al Arabiya closed Wednesday’s session 3.23% higher at 32 fils
25 July 2018 03:54 PM Al Arabiya Real Estate sells 5m shares in investment
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 …
Companies Investments
No financial impact of this essential information
22 July 2018 02:07 PM Al Arabiya Real Estate denies UAE asset sale
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 …
Companies Investments
The losses shrank by 36.2% in H1-17
27 July 2017 11:50 AM Al Arabiya Real Estate losses shrink in Q2
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 …
Financial Results
(Photo Credit: Company website)
14 May 2017 03:37 PM Al Arabiya Real Estate trims losses 24% in Q1
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 …
Financial Results
Photo Credit: Arabianeye-Reuters
7 May 2017 03:16 PM Al Arabiya Real Estate exits stake in logistics firm
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 …
Mergers and Acquisitions
(Photo Credit: Company website)
28 March 2017 03:15 PM Al Arabiya Real Estate turns to losses in Q4
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) …
Financial Results
Net losses for the first nine months of 2016 deepened by 12.8% (Photo credit: Company's website)
3 November 2016 03:22 PM Al Arabiya Real Estate Q3 losses deepen 29%
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 …
Financial Results
losses reached about KWD 1.3 million in H1-16(Photo Credit: Arabianeye-Reuters)
28 July 2016 03:20 PM Al Arabiya Real Estate’s Q2 losses shrink 48.8%
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 …
Financial Results
Photo Credit: Arabianeye-Reuters
3 May 2016 03:42 PM Al Arabiya Real Estate Q1 losses widen
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 …
Financial Results
Photo Credit: Arabianeye-Reuters
17 February 2016 11:22 AM Al Arabiya Real Estate posts 114% surge in Q4 profits
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 …
Financial Results
Photo Credit: Arabianeye-Reuters
4 November 2015 08:45 AM Kuwait’s Al Arabiya Real Estate 9M losses deepen to $7.45m
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 …
Financial Results
Photo Credit: Arabianeye-Reuters
21 June 2015 09:25 AM Changes in KSE equities in week – Al Joman
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 …
Trading Activities
Photo Credit: Arabianeye-Reuters
16 June 2015 08:34 AM Changes in KSE equities Monday
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 …
Company News
Photo Credit: Arabianeye-Reuters
10 May 2015 08:38 AM KSE investors urged to follow 5 stocks in week
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 …
Trading Activities