Alargan International Real Estate (ARGAN)

Mubasher: The consolidated financial statements of Alargan International Real Estate indicated a rise in profits by 42.7% during the fiscal year (FY) 2019 to KWD 787,064 ($2.54 million) from KWD 551,737 ($1.78 million) in 2018. The positive 2019 …

Mubasher: Alargan International Real Estate has reported a 51.7% year-on-year profit decrease during the third quarter of the fiscal year 2019. The company’s profit dropped to KWD 57,460 ($189,560) in Q3-19, compared to KWD 118,990 ($392,550) in …

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: Alargan International Real Estate announced that it has signed a banking facility contract valued at KWD 66.5 million with a local bank. The agreement comes in line with Alargan’s efforts in regulating and coordinating its financial …

Mubasher: The shareholders of Alargan International Real Estate on Sunday approved the board’s recommendation to distribute 5% of the capital as cash dividend for fiscal year 2018. The company will pay 5 fils per share as dividend on 25 June to …

Mubasher: Alargan International Real Estate Company plans to invest KWD 60 million ($199 million) in the Moroccan market, a top official has said. The projects, which will take place in Casablanca, will be established on an area of 10,000 square …

Mubasher: Alargan International Real Estate reported a decrease of 85.6% in profits during the fourth quarter of 2017 compared to the same period in the prior year. Earnings shrank to KWD 94,000 ($314,630) in Q4-17 from KWD 651,000 ($2.18 million) …

Mubasher: Alargan International Real Estate achieved a leap of 1,441.5% in profits during the third quarter of 2017 compared to the same period last year. Earning surged to KWD 4.5 million ($14.9 million) in Q3-17 from nearly KWD 294,500 …

Mubasher: Alargan International Real Estate is expected to achieve a net profit of KWD 4.7 million from amending the leasing value of its subsidiary’s investment properties. This profit was estimated after receiving a real estate assessment from a …

Mubasher: Alargan International Real Estate has disclosed a bourse statement on Monday to comment on the news story published in a local newspaper over issuing sukuk before the end of 2017. The local newspaper, Al Qabas, on 2 October said that …

Mubasher: Alargan International Real Estate has fully withdrawn the second installment of the banking facilities’ contract for financing investment opportunities. This installment is worth KWD 11 million as part of a contract signed with a local …

Mubasher: A subsidiary of Alargan International Real Estate has modified the rental value for a current leasing contract on its investment properties. The current leasing contract is still running with all its articles and conditions, except for …

Kuwait – Mubasher: Shareholders at Alargan International Real Estate Company’s annual general meeting (AGM) approved the board’s recommendation to distribute 10% cash dividends of the share’s nominal value, at 10 fils per share, for the fiscal …

Kuwait – Mubasher: Alargan International Real Estate Company on Tuesday reported that one of its wholly-owned subsidiaries in Oman signed a banking facilities deal with a local bank. The contract is worth OMR 5.8 million ($15 million), according …

Mubasher: Alargan International Real Estate will hold its ordinary general meeting (OGM) on Monday, 29 May, to consider the recommendation of distributing 10% of capital as cash dividends for fiscal year 2016. The company will pay 10 fils per …

Kuwait - Mubasher: Alargan International Real Estate Company (ARGAN) turned to profitability in the fourth quarter of 2016, according to the company’s financial statements. The company’s profits of Q4-16 reached KWD 650,000 ($2.13 million) against …

Kuwait – Mubasher: Alargan International Real Estate has signed a credit facility agreement with a local bank to develop a project owned by the company. The loan is worth KWD 3 million which will be repaid through six installments on an annual …

Kuwait – Mubasher: Alargan International Real Estate has cancelled 1,828 bonds worth KWD 9.14 to repurchase them in the future. The bonds are matured on 11 April 2017, the company said in a bourse statement. A total of 3,472 bonds worth KWD 17.36 …

Kuwait – Mubasher: Burgan Bank, acting as the financial agent for Alargan International Real Estate’s bonds, said that Alargan has submitted a request to cancel 1,828 of its bonds. The bonds have maturity date on 11 April, 2017, the company said …

Kuwait – Mubasher: Alargan International Real Estate has signed a credit facility agreement with a local bank for KWD 42 million, the company said in a bourse filing issued on Wednesday. The loan will be used through two tiers; the first one is …

Kuwait – Mubasher: Alargan International Real Estate’s profits for the third quarter of fiscal 2016 declined by 10.8% to KWD 294,500 ($972,500), compared to KWD 330,060 ($1.09 million) for Q3-15. Net profit for the first nine months of 2016 fell …

Kuwait-Mubasher: Alargan International Real Estate's profits dropped 99.62% year-on-year to KWD 89,867 ($297,327) in the second quarter of 2016 from KWD 23.44 million ($77.55 million). The fall in net profits was attributed to lower revenues of …

Kuwait-Mubasher: Alargan International Real Estate will repurchase bonds accounting for 101% of the bond’s nominal value which stands at KWD 5,000. The buyback includes 720 bonds at a value of KWD 3.64 million, according to a statement issued on …

Kuwait-Mubasher: Alargan International Real Estate’s ordinary general meeting (OGM) on Monday agreed on distributing 10% cash dividends of the capital or 10 fils per share for the fiscal year 2015, the company said in a bourse statement. Alargan’s …

Kuwait-Mubasher: Alargan International Real Estate will hold an ordinary general meeting (OGM) on Monday to discuss the board’s recommendation of distributing 10% cash dividends of the capital or 10 fils per share, the company said in a bourse …