Arkan Al Kuwait Real Estate (ARKAN) News - Mubasher Info
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16 July 05:31 AM

Arkan Al Kuwait Real Estate (ARKAN`R)

Last update: 15 July 01:14 PM market time.
308.00
210.50
215.90%
Open 301.00
Previous Close 97.50
High 309.00
Low 292.00
Stock Statistics
Volume 7,910,756
Turnover 2,372,430.40
All data are 15 minutes late during market session

News

The acquisition was carried out for KWD 2.1 million
21 May 2020 10:15 AM Al Khair Global acquires 10.3% of Arkan Al Kuwait
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 …
Mergers and Acquisitions
The profits amounted to KWD 312,918 in Q1-20
11 March 2020 06:52 AM Arkan Al Kuwait registers 3% higher profit in Q1-19/20
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 …
Financial Results
Al Khair Global is offering a price of 82.4 fils per share
4 March 2020 01:19 PM Arkan Al Kuwait’s advisor sets share price at 85.8 fils
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 …
Stock Evaluations
The transaction’s impact will reflect on the annual financials
20 January 2020 10:49 AM Arkan Al Kuwait purchases property at KWD 6.2m
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 …
Financial Results
Arkan posted a decline of 19.2% in profits in FY ended October 2019
30 December 2019 08:03 AM Arkan Al Kuwait buys properties at KWD 5.5m
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 …
Companies Investments
Arkan Al Kuwait will pay 8 fils per share in dividend
18 December 2019 01:27 PM Arkan Al Kuwait’s shareholders nod to 8% dividends for FY19
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 …
Management Decisions
Arkan Al Kuwait’s capital stands at KWD 25.115 million
17 December 2019 11:14 AM Al Khair Global committed to buying Arkan Al Kuwait’ remaining shares
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 …
Mergers and Acquisitions
Al Khair expanded its Arkan Al Kuwait stake to 35.876%
17 December 2019 08:26 AM Al Khair Global raises stake in Arkan Al Kuwait to 35.9%
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 …
Company News
Shares were sold at 70.5 fils per share
17 December 2019 07:39 AM Arkan Al Kuwait’s board member sells 6.3m shares
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 …
Trading Activities
The transaction may reflect on the annual financials
31 October 2019 00:34 PM Arkan Al Kuwait buys KWD 6.5m industrial properties
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 …
General News
Previous board meeting
11 September 2019 08:35 AM Arkan Al Kuwait seeks majority stake in unlisted developer
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 …
Mergers and Acquisitions
Arkan Al Kuwait’s profits dropped by 73.4% in 6 months
10 September 2019 02:49 PM Arkan Al Kuwait’s profit soars 32% in Q3-19
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 …
Real estate
Earnings shrank to about KWD 601,640 ($1.98 million)
29 May 2019 09:52 AM Arkan Al Kuwait profits plunge 73% in 6M
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 …
Real estate
The impact of the deal will appear in annual statements
16 May 2019 06:12 PM Arkan Al Kuwait buys $4.9m building
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 …
Companies Investments
Arkan reported a decrease of 5% in its profits to KWD 304,520 in Q1-19
1 May 2019 09:53 AM Arkan buys KWD 6.2m asset from Al Enmaa
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 …
Real estate
The property’s area reaches 1,000 square metres
24 April 2019 09:02 AM Arkan Al Kuwait to buy KWD 1.5m asset
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 …
Real estate
Earnings went down to nearly KWD 304,520 ($1 million) in Q1
12 March 2019 00:32 PM Arkan Al Kuwait Q1 profits down 5% on lower revenues
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 …
Financial Results
Arkan Al Kuwait registered a decrease of 20% in annual profits
5 February 2019 09:10 AM Arkan Al Kuwait to pay 8 fils/shr dividends
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 …
Real estate
Arkan Al Kuwait closed Tuesday 2.92% lower at 83 fils
18 December 2018 02:31 PM Arkan Al Kuwait Q4 profits shrink 48%; dividends proposed
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 …
Real estate
The developer’s net profit hit KWD 253,470 Q3
9 September 2018 04:33 PM Arkan Al Kuwait Real Estate posts 84% YoY profit decline 3M
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 …
Financial Results
More ADX-listed firms confirm no Abraaj ties
9 July 2018 02:45 PM More ADX-listed firms confirm no Abraaj ties
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 …
Law
Earnings grew to KWD 2.26 million ($7.5 million) in the six-month period
6 June 2018 07:39 AM Arkan Al Kuwait posts KWD 2m profits in 6M
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 …
Financial Results
Earnings per share stood at 1.3 fils in Q1 ended on 31 January 2018
14 March 2018 01:48 PM Arkan Al Kuwait Q1 profits shrink 64%
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 …
Financial Results
The properties owned by Arkan Al Kuwait are occupied by more than 92%
22 February 2018 08:26 AM Arkan Al Kuwait’s portfolio exceeds KWD 55m
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 …
Companies Investments
Net profits that will result from the sale deal will amount to KWD 1.24 million
21 February 2018 06:59 AM Arkan Al Kuwait sells 2 properties at KWD 3.7m
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 …
Corporate Actions