National Cleaning Co KSCP (CLEANING`R)

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News

29 March 2020 10:04 AM National Cleaning renews KWD 39m loans

Mubasher: National Cleaning Company has renewed KWD 38.8 million worth of cash and noncash credit facilities contracts with local banks. The loans will finance municipality-related tender contracts that were previously announced as well as the …

Banking and Finance

5 March 2020 10:28 AM National Cleaning offers lowest bid in KWD 22m KPC tender

Mubasher: National Cleaning provided the lowest bid in a tender by Kuwait Petroleum Corporation (KPC) and its subsidiaries for the treatment of oil waste. The contract is valued at KWD 21.78 million and includes three groups, of which two at most …

Companies Investments

26 May 2019 02:14 PM National Cleaning’s chairman dies

Mubasher: National Cleaning said in a bourse disclosure on Sunday that the company’s chairman Meshal Abdullah Abdulaziz Al Musaad has passed away last week. Al Musaad has died on Thursday, 23 May. It is noteworthy that Muhsen Mohmmed Boshehri …

Board of Directors

26 May 2019 11:18 AM National Cleaning to pay 5% dividend for FY18

Mubasher: The shareholders of National Cleaning have approved the board’s recommendation to distribute 5% of the capital as cash dividends for fiscal year 2018. National Cleaning will pay 5 fils per share at a total value of KWD 1.163 million on …

Financial Results

16 May 2019 02:51 PM National Cleaning’s Q1 profit grows 31%

Mubasher: National Cleaning reported a 31.1% year-on-year jump in its profits for the first quarter of 2019. Net profits stood at KWD 432,590 ($1.43 million) in Q1-19, compared to KWD 329,960 ($1.09 million) in Q1-18, according to a filing to …

Financial Results

27 March 2019 11:57 AM National Cleaning posts KWD 1.46m profit in 2018

Mubasher: Kuwait-based National Cleaning reported a 16.8% year-on-year jump in profits for the fourth quarter of 2018. The company’s profits amounted to KWD 452,000 ($1.49 million) in Q4-18, up from KWD 387,000 ($1.28 million) during Q4-17, …

Board of Directors

4 February 2019 00:27 PM National Cleaning to receive KWD 3m on court ruling

Mubasher: National Cleaning said that Kuwait’s court has issued a ruling on Sunday, 3 February, in favor of the Boursa Kuwait-listed company against the legal representative of Kuwait Municipality. National Cleaning will receive an amount of KWD …

Law

14 August 2018 02:38 PM National Cleaning posts higher income in Q2, H1

Mubasher: National Cleaning reported an increase of 42.7% in profits during the second quarter of 2018 compared to the same period last year. Earnings grew to about KWD 356,880 ($1.18 million) in Q2-18, from about KWD 250,140 ($825,870) in Q2-17, …

Financial Results

9 May 2018 05:06 PM National Cleaning to pay 5% bonus for FY17

Mubasher: National Cleaning’s ordinary general meeting (OGM) approved distributing 5% of the capital as bonus shares for fiscal year 2017. The company will distribute a total of 12.49 million treasury shares as a bonus for FY17, according to a …

Financial Results

1 April 2018 03:41 PM National Cleaning FY17 profits grow; board proposes 5% dividends

Mubasher: National Cleaning achieved KWD 387,000 ($1.3 million) in profits during the fourth quarter of 2017 against KWD 209,000 ($699,200) in the same period a year ago. During fiscal year 2017, the company generated a profit of KWD 1.31 million …

Board of Directors

8 November 2017 08:56 AM National Cleaning’s profits go up 78% in Q3

Mubasher: Kuwait-based, National Cleaning Company on Wednesday said that its profits surged 78% year-on-year in the third quarter of 2017. Profits amounted to KWD 441,270 ($1.46 million) in Q3-17, compared to KWD 247,870 ($820,520) in Q3-16, …

Financial Results

6 August 2017 04:48 PM National Cleaning units win KWD 2.33m tenders

Mubasher: National Cleaning Company said that two of its subsidiaries were awarded two tenders at a total value of KWD 2.33 million ($7.70 million), according to a bourse filing issued on Sunday. The first tender, which is worth KWD 1.29 million, …

Financial Results

28 May 2017 10:27 AM Agility, NREC, National Cleaning resume trading on Boursa Kuwait

Kuwait – Mubasher: Boursa Kuwait on Sunday announced the resumption of trading on the stocks of Agility Public Warehousing, National Real Estate (NREC), and National Cleaning. The announcement came an hour after trading began on Sunday. Trading on …

Markets Regulations

13 April 2017 03:50 PM National Cleaning unit wins KWD 1.98m tender

Mubasher: National Cleaning was awarded a KWD 1.98 million worth tender that was offered by the Public Authority for Agriculture Affairs and Fish Resources. The tender contract will mature in three years, according to a bourse statement issued on …

Companies Investments

28 March 2017 08:29 AM National Cleaning incurs losses in Q4

Mubasher: National Cleaning suffered losses worth KWD 209,000 ($685,220) during the fourth quarter of 2016 against profits of KWD 26,000 ($85,240) in the same period a year ago. During the fiscal year, earnings decreased by 6% to total KWD 362,000 …

Financial Results

14 March 2017 01:57 PM National Cleaning unit wins $2.45m tender

Mubasher: National Cleaning said that its subsidiary, Golden Shaheen for General Trading and Contracting, was awarded the lowest bids in a three-year tender. The tender contract is worth about KWD 750,020 ($2.45 million), according to a bourse …

Companies Investments

24 January 2017 09:10 AM National Cleaning unit wins 2-year tender

Kuwait – Mubasher: National Cleaning said that KWD 1.3 million worth tender was awarded to a 75%-owned subsidiary, Golden Shaheen for General Trading and Contracting. The tender has duration period of two years, with an expected profit of 2% or …

Companies Investments

19 January 2017 09:07 AM Ministry cancels tender won by National Cleaning unit

Kuwait – Mubasher: National Cleaning said that the social affairs and labor ministry has cancelled a tender contract previously awarded by the company’s subsidiary. The tender is worth KWD 8.13 million, with a three-year duration period, according …

Companies Investments

13 December 2016 08:57 AM National Cleaning units win KWD 19.98m tender

Kuwait – Mubasher: National Cleaning said that a tender offered by the education ministry in Kuwait was awarded to three of its subsidiaries. The overall value stands at KWD 19.98 million ($65.2 million), according to a bourse statement issued on …

Companies Investments

15 November 2016 11:58 AM KSE sets date for Cleaning, KGL stakes auction late November

Kuwait – Mubasher: The Kuwait Stock Exchange (KSE) said on Tuesday that an auction will be held on 29 November to sell a number of shares in National Cleaning, and Kuwait and Gulf Link Transport’s (KGL). The event will see the bidding on around …

Companies Investments

13 November 2016 04:17 PM National Cleaning posts higher profits in Q3

Kuwait – Mubasher: National Cleaning’s net profit soared 132.8% to nearly KWD 247,870 ($815,630) during the third quarter this year from about KWD 106,480 ($350,380) in the same period of 2015. During the first nine months of 2016, earnings …

Financial Results

8 November 2016 10:00 AM Three Kuwaiti firms to disclose financials mid-November

Kuwait – Mubasher: National Cleaning has scheduled Sunday, 13 November, to discuss its financial statements for the third quarter ended 30 September, 2016. In Q2, the company’s profits soared 126.4% to reach about KWD 175,260 as compared to around …

Financial Results

6 November 2016 00:18 PM National Cleaning unit awarded KWD1.297m tender

Kuwait – Mubasher: National Cleaning said, 75% owned subsidiary, has won KWD1.297 million tender. The project duration will be two years and its financial impact on the company will be reflected only after reaching a final agreement. The company’s …

Companies Investments

30 October 2016 04:20 PM National Cleaning unit lowest bidder in tender

Kuwait – Mubasher: National Cleaning said that a 75%-owned subsidiary provided the lowest bids in a tender offered by the social affairs ministry. The tender contract is worth KWD 8.13 billion with duration period of three years, according to a …

Companies Investments

16 October 2016 11:01 AM National Cleaning unit wins KWD 1.04m tender

Kuwait – Mubasher: National Cleaning said that a subsidiary was awarded a tender with a two-year duration period. The tender contract is worth KWD 1.04 million ($3.43 million, according to a bourse statement issued Sunday. National Cleaning said …

Companies Investments