Ajial Real Estate Entertainment (AREEC)

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News

18 February 2020 10:56 AM Ajial Real Estate posts 19% lower profit in 2019; dividends proposed

Mubasher: Ajial Real Estate Entertainment reported an 18.61% drop in profits by 2019 year-end to KWD 2 million ($6.57 million) as compared to KWD 2.46 million ($8.08 million) in 2018. Earnings per share fell to 10.87 fils last year when compared …

Cash Dividends

21 October 2019 03:28 PM Ajial Real Estate records KWD 3m profit in 9M-19

Mubasher: Ajial Real Estate Entertainment achieved a surge of 91% in profits during the third quarter of 2019 when compared to the same period last year. Net profits totalled KWD 1.06 million ($3.5 million) in Q3-19, compared to KWD 555,000 ($1.83 …

Financial Results

15 July 2019 05:23 PM Ajial Real Estate Q2 profits drop 27%

Mubasher: Ajial Real Estate Entertainment reported a 27.1% year-on-year profit decline during the second quarter of 2019. Net profits retreated to KWD 1.05 million ($3.46 million) in Q2-19, compared to KWD 1.44 million ($4.75 million) in Q2-18, …

Financial Results

1 May 2019 05:22 PM Ajial Real Estate Q1 profits down 20% YoY

Mubasher: Ajial Real Estate Entertainment registered a decrease of 20% year-on-year in profits during the first quarter of 2019. Profits shrank to about KWD 831,630 ($2.74 million) in Q1-19 from KWD 1.04 million ($3.43 million) in Q1-18, according …

Real estate

27 March 2019 02:51 PM Ajial Real Estate implements KWD 55m project in Hawally region

Mubasher: Kuwait-based Ajial Real Estate Entertainment began the implementation of Al Andalus project at Hawally district in 2018 at a value of  KWD 55 million, the company’s deputy chairman stated. The drilling works of the multi-purpose project, …

Real estate

12 February 2019 00:00 PM Ajial Real Estate FY18 profits down to KWD 2.5m

Mubasher: Ajial Real Estate Entertainment registered a decline of 18% in profits during fiscal year 2018 compared to the prior year. Earnings shrank to KWD 2.46 million in FY18 from KWD 3 million in FY17, according to a bourse filing on Tuesday. …

Cash Dividends

29 October 2018 05:22 PM Ajial Real Estate Q3 profits decline 68%

Mubasher: Ajial Real Estate Entertainment reported a decrease of 67.9% in profits during the third quarter of 2018 compared to the same period in the previous year. Net profits shrank to around KWD 554,700 ($1.83 million) in Q3-18 from KWD 1.72 …

Real estate

25 July 2018 02:02 PM Ajial Real Estate inks debt restructuring deal

Mubasher: Ajial Real Estate Entertainment has signed an agreement to restructure credit facilities with a Kuwaiti bank, in addition to raising the maximum level of loans to KWD 32.5 million. The credit facilities will be used in financing Ajial’s …

Real estate

18 July 2018 10:12 AM Ajial Real Estate records higher profits in Q2, 6M

Mubasher: Ajial Real Estate Entertainment achieved a surge of 136.5% in profits during the second quarter of 2018, compared to the same period in the prior year. Earnings enlarged to KWD 1.44 million ($4.76 million) in Q2-18 from KWD 609,000 …

Real estate

8 May 2018 10:39 AM Ajial Real Estate Q1 profits decline 4.6%

Mubasher: Ajial Real Estate Entertainment posted a decrease of 4.6% in profits during the first quarter of 2018 compared to the same period in the previous year. Earnings shrank to KWD 1.04 million ($3.46 million) in Q1-18, from KWD 1.09 million …

Real estate

12 March 2018 03:46 PM Ajial Real Estate to pay 5 fils/shr dividends for FY17

Mubasher: The ordinary general meeting (OGM) of Ajial Real Estate Entertainment approved the board’s recommendation to distribute 5% of capital as cash dividends for fiscal year 2017. Ajial will pay 5 fils per share on 29 March to the shareholders …

Financial Results

7 February 2018 10:29 AM Ajial Real Estate FY17 profits surge 101%; dividends proposed

Mubasher: The income statements of Ajial Real Estate Entertainment turned a profit during the fourth quarter of 2017 against losses in the corresponding period a year ago. Ajial recorded a profit of KWD 424,000 ($1.42 million) in Q4-17 versus …

Cash Dividends

24 January 2018 01:11 PM Investors eye stakes in Ajial Real Estate, PetroGulf

Mubasher: Two investors have reached a preliminary agreement on purchasing 13 million shares in Ajial Real Estate Entertainment at a value of 225 fils per share, an investment source said on Wednesday.  Ajial Real Estate's deal is subject to …

Companies Investments

24 October 2017 10:39 AM Ajial Real Estate Q3 profits surge 95.7%

Mubasher: Ajial Real Estate Entertainment achieved a growth of 95.7% in profits during the third quarter of 2017 compared to the same period last year. Earnings increased to KWD 1.73 million ($5.74 million) in Q3-17 from KWD 884,000 ($2.93 …

Financial Results

16 August 2017 05:58 PM Ajial exits investments for GFH stocks

Mubasher: Ajial Real Estate Entertainment agreed to an offer to exit from Navi Mumbai and Bab Al Maghreb in exchange for shares in GFH Financial Group, according to a statement by Ajial. This exchange will lead to approximately KWD 2.16 million in …

Companies Investments

8 May 2017 04:57 PM Ajial’s Q1 profits rise to KWD 1.1m

Kuwait – Mubasher: Ajial Real Estate Entertainment Company on Monday announced a 48.7% increase in profits for the first quarter of 2017, compared to Q1-16. Profits stood at KWD 1.09 million ($3.57 million) in Q1-17, compared to KWD 733,260 ($2.4 …

Financial Results

6 February 2017 03:04 PM Ajial narrows losses in Q4

Kuwait - Mubasher: The financial statements of Ajial Real Estate Entertainment Company (AREEC) showed a decline in losses in the fourth quarter of 2016 by 22.7% year-on-year, according to a bourse filing. Losses reached KWD 888,620 ($2.91 million) …

Financial Results

1 November 2016 11:26 AM Ajial Real Estate names new CEO

Kuwait – Mubasher: Ajial Real Estate Entertainment has appointed the board member Abdulaziz Faisal Al Khatrash as the new CEO. This promotion will be effective starting from the beginning of November, according to a bourse statement issued …

Board of Directors

25 October 2016 02:47 PM Ajial's Q3 profits higher 50% YOY

Kuwait – Mubasher: Ajial Real Estate Entertainment posted a 49.9% profit increase in the third quarter of 2016, according to a bourse statement on Tuesday., The company earned KWD 884,260 ($2.91 million) in the third quarter, compared with KWD …

Financial Results

2 August 2016 09:29 AM Ajial Real Estate posts lower profits in Q2

Kuwait – Mubasher: Ajial Real Estate Entertainment registered a fall of 14% in profits during the second quarter of 2016 compared with the same period in 2015. Earnings shrank to approximately KWD 760,370 ($2.51 million) in Q2-16 from around KWD …

Financial Results

17 March 2016 01:41 PM Ajial’s shareholders decide to withhold dividends

Kuwait-Mubasher: Ajial Real Estate Entertainment’s ordinary general meeting agreed on freezing dividends for the fiscal year 2015, same as a year earlier, according to a statement. During FY15, the Kuwait-listed firm achieved profits worth nearly …

General Assembly

1 March 2016 04:18 PM Ajial to consider no dividends distribution mid-March

Kuwait-Mubasher: Ajial Real Estate Entertainment will hold its ordinary general meeting on 17 March to consider withholding dividends for the fiscal year of 2015. Shareholders will discuss cutting 10% of net profit for both the legal and general …

Event

2 November 2015 02:40 PM Kuwait’s Ajial sees 19.4% growth in 9M profits

Kuwait-Mubasher: Ajial Real Estate Entertainment registered a 19.4% increase in earnings for the first nine months of 2015. The Kuwaiti company’s profits rose to KWD 1.91 million ($6.29 million) in 9M-15 from KWD 1.6 million ($5.27 million) in …

Financial Results

2 November 2015 08:32 AM Kuwait Projects among 3 firms to consider 9M financials

Kuwait-Mubasher: Three companies listed on Kuwait Stock Exchange will hold board meetings on Monday to discuss their financial statements for the nine months ended 30 September, 2015. The three Kuwaiti firms are Kuwait Projects Holding, City …

Financial Results

30 July 2015 09:41 AM Real estate developer Ajial’s profits soar 547% in H1

Kuwait – Mubasher: Ajial Real Estate Entertainment Company said on Thursday that its profits skyrocketed 547.3% to KWD 1.32 million ($4.32 million) in the first half of 2015, up from KWD 203,940 ($672,480) in the same period last year. The …

Financial Results