Arkan Al Kuwait Real Estate (ARKAN)

Mubasher: Boursa Kuwait announced that the acquisition procedures of Al Khair Global for Buying and Selling Shares on part of Arkan Al Kuwait Real Estate’s shares were completed on Thursday. The decision was subject to the Capital Markets …

Mubasher: The financial statements of Arkan Al Kuwait Real Estate indicated higher annual profits by 3% over the first quarter ended on 31 January 2020 to KWD 312,918 (approx. $1.03 million) when compared to KWD 304,527 (approx. $998,770).   The …

Mubasher: Arkan Al Kuwait Real Estate said that Kuwait Pillars for Financial Investment Co, an independent investment advisor licensed by the Capital Markets Authority (CMA), evaluated the share price under its mandatory acquisition offer by Al …

Mubasher: Arkan Al Kuwait Real Estate has signed the final contracts to buy a commercial property worth KWD 6.16 million, with an 8.4% return.   The property was registered at the Land Registry of the Ministry of Justice, according to a bourse …

Mubasher: Arkan Al Kuwait Real Estate has signed the final contracts to purchase properties at a value of KWD 5.45 million, with an 8.7% return. The contracts were registered at the Land Registry of the Ministry of Justice, according to a …

Mubasher: Arkan Al Kuwait Real Estate’s ordinary general assembly approved a proposal for paying an 8% cash dividend, for the fiscal year ended 31 October 2019, according to its bourse statement. Arkan Al Kuwait will pay 8 fils per share, or a …

Mubasher: Al Khair Global for Buying and Selling Shares said on Tuesday that it is committed to put forward a mandatory acquisition offer for the remaining shares of Arkan Al Kuwait Real Estate, according to a bourse disclosure. This came after Al …

Mubasher: Al Khair Global for Buying and Selling Shares shifted its business in Arkan Al Kuwait Real Estate into acquisition, according to a Boursa Kuwait statement. Al Khair expanded its stake in Arkan Al Kuwait to 35.876%, from 29.58%, raising …

Mubasher: Arkan Al Kuwait Real Estate on Tuesday said that a member of its board sold 6.3 million shares, according to a the company’s disclosure. Arkan’s board member Mashaal Abdullah Mohammed Al Ansari sold the shares during Sunday’s trading …

Mubasher: Arkan Al Kuwait Real Estate has reached a preliminary agreement to purchase four industrial properties (with usufructuary right) in Shuwaikh Industrial Zone at a total value of KWD 6.5 million ($21.5 million). The properties are income …

Mubasher: Arkan Al Kuwait Real Estate Company has submitted a preliminary proposal to acquire 51% stake in a closed unlisted joint-stock real estate company. The financial impact of the acquisition proposal cannot be determined, Arkan said in a …

Mubasher: The profits of Arkan Al Kuwait Real Estate Company hiked by 32% year-on-year during the third quarter ended on 31 July 2019, Boursa Kuwait disclosed on Tuesday. Year-on-year, the profits of the period rose to around KWD 335,680 ($1.11 …

Mubasher: Arkan Al Kuwait Real Estate reported a decline of 73.4% in earnings during the six-month period ended on 30 April 2019 when compared to the same period last year. Earnings shrank to about KWD 601,640 ($1.98 million) in the first half …

Mubasher: Arkan Al Kuwait Real Estate has announced that it bought 1,000 square metres building in Shuwaikh Industrial Zone in consideration of KWD 1.5 million ($4.93 million). The financial impact of the deal will appear in the company’s annual …

Mubasher: Arkan Al Kuwait Real Estate has purchased a commercial property at a value of KWD 6.16 million in an auction held by Al Enmaa Real Estate. The real estate asset is located in Khaitan region with an area of 1,000 square metres, according …

Mubasher: Arkan Al Kuwait Real Estate announced reaching a preliminary agreement to purchase an income-generating industrial property in the industrial area of Al Shuwaikh at a value of KWD 1.5 million over the coming period. The transaction’s …

Mubasher: Arkan Al Kuwait Real Estate reported a decrease of 5% during the first quarter that ended on 31 January 2019 compared to the same period a year ago. Earnings went down to nearly KWD 304,520 ($1 million) in Q1 ended on 31 January 2019 …

Mubasher: Arkan Al Kuwait Real Estate announced that its ordinary general meeting (OGM) approved the board’s recommendation to distribute 8% of the capital as cash dividends for fiscal year 2018. The shareholders nodded to pay 8 fils per share as …

Mubasher: Arkan Al Kuwait Real Estate registered a decrease of 48% in profits during the fourth quarter that ended on 31 October 2018 compared to the same period in the prior year. Earnings shrank to nearly KWD 349,740 ($1.15 million) in Q4 ended …

Kuwait – Mubasher: Arkan Al Kuwait Real Estate has reported an 84% year-on-year decline in net profit during the three-month period ended 31 July, recording KWD 253,470 ($838,520). The developer’s net profit went down to KWD 2.52 million in the …

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) and Waha Capital were among a host of companies that disclosed no ties to The Abraaj Group, its funds or its subsidiaries, on Monday. Other companies listed on the Abu Dhabi Securities Exchange …

Mubasher: Arkan Al Kuwait Real Estate achieved an increase of 73.9% in profits during the six months that ended on 30 April 2018. Earnings grew to KWD 2.26 million ($7.5 million) in the six-month period from KWD 1.3 million ($4.3 million) in the …

Mubasher: Arkan Al Kuwait Real Estate reported a decline of 64.4% in profits during the first quarter that ended on 31 January 2018 compared to the same period in the previous fiscal year, according to a bourse statement on Wednesday. Earnings …

Mubasher: ​The value of Arkan Al Kuwait Real Estate’s portfolio has exceeded KWD 55 million, especially after the company has exited a project in Oman, the CEO and deputy chairman, Abdul Rahman Al Terkait, said, according to Al Anba Newspaper. The …

Mubasher: Arkan Al Kuwait Real Estate has sold two properties in Hawally region at a combined value of KWD 3.7 million ($12.4 million). Net profits that will result from the sale deal will amount to KWD 1.24 million, according to a statement to …