Al Enmaa Real Estate (ERESCO) News - Mubasher Info
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19 May 06:40 AM

Al Enmaa Real Estate (ERESCO`R)

Last update: 18 May 01:13 PM market time.
113.00
35.50
45.81%
Open 107.00
Previous Close 77.50
High 114.00
Low 106.00
Stock Statistics
Volume 9,468,699
Turnover 1,050,355.54
All data are 15 minutes late during market session

News

The transaction will result in a loss of KWD 229,642
13 April 2020 10:33 AM Al Enmaa Real Estate exits BHD 2m stake in Bahraini unit
Mubasher: Al Enmaa Real Estate Company has sold its 22.5%-stake in Energy Central Utilities Bahrain South Water Co for BHD 1.78 million (KWD 1.45 million). The said stake is classified as an investment in a subsidiary, according to a bourse …
Real estate
The profits totalled KWD 281,208 in Q1-19/20
16 March 2020 10:43 AM Al Enmaa Real Estate’s earnings shrink 71% in Q1-19/20
Mubasher: Al Enmaa Real Estate Company reported a decrease in profits by 71% in the first quarter (Q1) ended on 31 January 2020 due to lower operating profit. The profits for the period registered KWD 281,208 ($914,800), compared to KWD 967,818 …
Real estate
Al Enmaa’s profits increased by 94.6% in 9M-19
14 January 2020 00:12 PM Al Enmaa Real Estate turns profitable FY19 financials
Mubasher: Al Enmaa Real Estate Company reported a positive change in its financials for fiscal year ended on 31 October 2019, against losses incurred in 2018. The company’s annual profits reached KWD 1.704 million ($5.63 million) in fiscal year …
Financial Results
Al Enmaa organised the auction on Monday
26 December 2019 02:43 PM KFH generates KWD 1.35m profit from sale of properties
Mubasher: Kuwait Finance House (KFH) achieved a net profit of KWD 1.353 million from the latest real estate auction held by Al Enmaa Real Estate Company, a subsidiary of KFH. Al Enmaa organised the auction on Monday, 23 December, to sell four …
Companies Investments
The transaction will have a material impact on Al Enmaa's financials
18 December 2019 04:09 PM Al Enmaa Real Estate to set up unit with KWD 500,000 capital
Mubasher: Al Enmaa Real Estate Company will establish a subsidiary under the name ‘ERESCO Security’, with a capital of KWD 500,000. The transaction will have a material impact on the annual consolidated financials of the parent company, in …
Companies Investments
KFH’s profits have increased by 12.1% in Q3-19
15 December 2019 06:18 PM KFH gains KWD 400k profit from Al Enmaa property auction
Mubasher: Kuwait Finance House (KFH) achieved nearly KWD 400,000 net profit from the latest real estate auction held by Al Enmaa Real Estate Company, a subsidiary of KFH. Al Enmaa organised the auction on Monday, 9 December, to sell four …
Companies Investments
Al Enmaa’s stocks will resume trading
3 December 2019 02:39 PM Al Enmaa Real Estate rebuffs news of takeover bids
Mubasher: Al Enmaa Real Estate Company dismissed news that it received any acquisition proposals from strategic investors, according to its statement to Boursa Kuwait. Kuwait Financial House’s (KFH), Al Enmaa’s main stakeholder, also did not …
Company News
Operating profits soared by 38.9% to KWD 2.18 million in 9M-19
12 September 2019 00:11 PM Al Enmaa Real Estate’s profits surge 95% in 9M
By: Mohamed Farouk Mubasher: The financial statements of Al Enmaa Real Estate Company indicated a 94.6% year-on-year increase in profits for the nine-month period ended 31 July 2019. Year-on-year, the profits of the period soared to KWD 1.87 …
Financial Results
Al Enmaa’s capital amounted KWD 45m
15 August 2019 07:09 PM PIFSS acquires indirect stake in Al Enmaa Real Estate
Mubasher: Kuwait’s Public Institution for Social Security (PIFSS) has acquired a 5.13% indirect stake in Al Enmaa Real Estate (ERESCO), according to a bourse statement released on Thursday. Al Enmaa’s capital amounted KWD 45.05 million distributed …
Mergers and Acquisitions
The transaction will result in a net loss of KWD 35,000
15 August 2019 05:57 PM Al Enmaa Real Estate sells KWD 1m property
Mubasher: Al Enmaa Real Estate Company announced that it has sold one of its properties based in Kuwait for KWD 1.05 million ($3.46 million). The transaction will result in a net loss of KWD 35,000, which will be reflected on the company’s …
Companies Investments
A project by Al Enmaa Real Estate
13 June 2019 02:56 PM Al Enmaa Real Estate records KWD 1.4m profits in 6M
Mubasher: Al Enmaa Real Estate achieved a surge of 147.7% in profits during the first six months that ended 30 April 2019 compared to the corresponding period a year ago. Earnings grew to KWD 1.38 million ($4.57 million) in the first half ended in …
Real estate
Al Enmaa will generate a net profit of KWD 6,000 from the sale
7 May 2019 11:41 AM Al Enmaa Real Estate sells KWD 4m assets
Mubasher: Al Enmaa Real Estate has sold three investment properties at a combined value of KWD 4 million. Al Enmaa will generate a net profit of KWD 6,000 from the sale, which will be realised in the firm’s financial statements for the third …
Real estate
The realised profit will be registered in Q2 financials
1 May 2019 06:28 PM KFH records KWD 3.5m profit from selling assets
Mubasher: Kuwait Financial House (KFH) has achieved a profit of KWD 3.48 million from selling four properties owned by the bank. The assets were sold during an auction organised by KFH’s subsidiary Al Enmaa Real Estate. KFH noted that the realised …
Companies Investments
Arkan reported a decrease of 5% in its profits to KWD 304,520 in Q1-19
1 May 2019 01:53 PM 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
Earnings grew to nearly KWD 967,820 ($3.19 million) in Q1
11 March 2019 03:15 PM Al Enmaa Real Estate Q1 profits leap 483%
Mubasher: Al Enmaa Real Estate achieved a surge of 482.8% in profits during the first quarter ended on 31 January 2019 compared to the corresponding period last year. Earnings grew to nearly KWD 967,820 ($3.19 million) in Q1 ended on 31 January …
Real estate
The assets were sold at a premium price of KWD 5.6 million
7 February 2019 00:01 PM Al Enmaa Real Estate sells KWD 6.5m assets
Mubasher: Al Enmaa Real Estate has sold five properties in an auction on Tuesday, Al Anba Newspaper reported. The assets were sold for KWD 6.5 million at a premium price of KWD 5.6 million, an increase of 14.9%, the Al Anba added.
Real estate
Al Enmaa stock closed Tuesday’s session 1.6% higher at 31.8 fils
16 October 2018 06:41 PM Al Enmaa Real Estate sells KWD 1.6m factory
Mubasher: Al Enmaa Real Estate announced it has completed the procedures of selling a factory valued at KWD 1.6 million ($5.3 million). The factory was classified as an asset kept for sale in the income statements of Al Enmaa, according to a …
Real estate
In the nine months ended July, the company logged around KWD 950,530 in profits
13 September 2018 10:44 AM Al Enmaa Q3 profit soars 132%
By: Mohammed Farouk Mubasher: Al Enmaa Real Estate recorded a 131.8% year-on-year hike in profits for the third quarter of 2018. Net profits jumped to KWD 257,230 ($850,830) in the three-month period ended 31 July, from KWD 110,950 ($366,990) in …
Financial Results
The growth in the six-month profits is attributed to an increase of 55% in operating income
10 June 2018 01:42 PM Al Enmaa Real Estate records higher profits in Q2, 6M
Mubasher: Al Enmaa Real Estate achieved an increase of 39.07% in profits during the second quarter that ended on 31 April 2018, compared to the same period in the previous year. Earnings grew to about KWD 276,100 ($915,200) in Q2 ended on 31 April …
Real estate
The growth in Q1 profits is attributed to a rise in the net operating profit
12 March 2018 11:04 AM Al Enmaa Real Estate Q1 profits surge 142%
Mubasher: Al Enmaa Real Estate registered a leap of 142.4% in profits during the first quarter that ended on 31 January 2018 compared to the corresponding period in the previous year. Earnings soared to about KWD 426,170 ($1.42 million) in Q1 …
Financial Results
Al Enmaa would disclose any updated information
28 December 2017 01:55 PM Al Enmaa denies selling high-quality assets
Mubasher: Al Enmaa Real Estate has denied what a local newspaper published on Wednesday regarding a plan to sell the company’s entire high-quality assets during the coming period, according to a bourse statement on Thursday. Regarding selling a …
Corporate Actions
KGH is still receiving different offers from investors
23 October 2017 00:48 PM KFH denies news on exiting stakes in Al Enmaa, GIH
Mubasher: Kuwait Finance House (KFH) has denied the recent news published by Al Qabas newspaper over selling the bank’s stakes in Al Enmaa Real Estate, according to a bourse statement issued on Monday. The bank added that it is still receiving …
Companies Investments
Total exit operations executed by KFH stood at KWD 46 million by H1-17
23 October 2017 00:17 PM KFH receives offers to sell stakes in Al Enmaa, GIH
Mubasher: A well-informed source revealed that Kuwait Finance House (KFH) has received an offer to purchase its 55.6% stake in Al Enmaa Real Estate; however, KFH has not yet taken a decision regarding the proposed offers, according to Al Qabas …
Company News
This rise in profits is attributable to lower financing costs and a growth in other revenues, the company commented
14 September 2017 04:43 PM ERESCO profits edge up in Q3 on lower costs
Kuwait – Mubasher: Al Enmaa Real Estate (ERESCO) on Thursday reported a 4.3% year-on-year increase in profits for the third quarter of 2017, ended 31 July 2017, according to a filing to Boursa Kuwait. ERESCO registered KWD 485,350 ($1.61 million) …
Financial Results
This exchange transaction will generate a profit of nearly KWD 258,900
27 August 2017 11:32 AM GFH earmarks stake to Al Enmaa in exchange offer
Mubasher: Al Enmaa Real Estate said that 2.31 million of GFH Financial Group’s shares were allocated to Al Enmaa, as part of an exchange offer in return for Al Enmaa’s ownership in a megaproject in Tangier, Morocco. This exchange transaction will …
Company News