Al Enmaa Real Estate (ERESCO)

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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: 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 …

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.

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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) …

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 …