First Dubai for Real Estate Development (FIRSTDUBAI) News - Mubasher Info
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First Dubai for Real Estate Development (FIRSTDUBAI)

Last update: 11 March 01:13 PM market time.
41.10
0.60
1.48%
Open 41.00
Previous Close 40.50
High 41.30
Low 40.50
Stock Statistics
Volume 71,139
Turnover 2,895.07
All data are 15 minutes late during market session

News

Board of Directors recommended not distributing dividends
28 January 2020 11:16 AM First Dubai’s profits down 69% in 2019
Mubasher: Net profits attributed to the shareholders of First Dubai for Real Estate Development declined by 69% year-on-year (YoY) during the fiscal year ended 31 December 2019, as shown by the company's consolidated financial statements. The …
The market maker shall start its activity on 29 Dec.
26 December 2019 04:55 PM Boursa Kuwait registers KMEFIC as market maker
Mubasher: The Boursa Kuwait announces its approval to register Kuwait and Middle East Financial Investment (KMEFIC) as Market Maker. The market maker shall start performing its activity as of Sunday, 29 December, according to a bourse statement …
The ownership transfer is subject to Boursa Kuwait’s approval
2 December 2019 03:55 PM First Dubai inks settlement deal with Al Mazaya Holding
Mubasher: First Dubai for Real Estate Development has signed a partial settlement agreement with its parent company, Al Mazaya Holding, to reduce its liability by KWD 1.341 million ($4.42 million). The reduction will be carried out in return for …
Photo Archive
7 November 2019 10:33 AM First Dubai posts 87% profit decline in 9M
Mubasher: First Dubai for Real Estate Development reported a 99.7% drop in profits during the third quarter (Q3) of the year. Profits amounted to KWD 4,460 ($14,730) in Q3-19, down from KWD 1.66 million ($5.48 million) in the same period last …
The settlement worth AED 189.5 million was funded by Al Mazaya Holding Co
3 September 2019 09:03 AM First Dubai settles AED 189.5m debts to GCC bank
Mubasher: First Dubai Real-estate Development Co, listed on Boursa Kuwait, announced it has settled its due debts to one of the GCC banks, as well as related financing charges and other due fees. The settlement worth AED 189.5 million was funded …
Net profits amounted to KWD 112,410 in Q2-19
15 July 2019 09:27 AM First Dubai turns profitable in Q2
Mubasher:  First Dubai for Real Estate Development (First Dubai) reported turning a profit in the second quarter of 2019. Net profits amounted to KWD 112,410 ($370,900) in Q2-19, against a net loss of KWD 357,000 ($1.2 million) in Q2-18, according …
The drop in Q1-19 profits was ascribed to a decline in net investment profits
9 May 2019 10:54 AM First Dubai’s profit slumps 84% in Q1
Mubasher: Kuwait-based First Dubai Company reported an 84.2% year-on-year decrease in profits during the first quarter of 2019. The firm’s profits amounted to KWD 255,270 ($841,550) in Q1-19, down from KWD 1.62 million during Q1-18, according to a …
First Dubai has succeeded in achieving the company’s FY18 objectives
18 April 2019 01:21 PM First Dubai owns $320m assets across UAE, KSA – Chairman
Mubasher: The Kuwaiti First Dubai for Real Estate Development currently owns assets valued at KWD 96.9 million (approximately $320 million) across the UAE and Saudi Arabia, the chairman of First Dubai Abdul Aziz Bassem Al Loughani said. First …
The drop in 2018 profits was attributed to a decline in revenues and other expenses.
10 March 2019 10:09 AM First Dubai’s profit tumbles 48% in 2018
Mubasher: First Dubai for Real Estate Development on Sunday posted a 99.5% year-on-year drop in profits for the fourth quarter of 2018. Net profits recorded KWD 20,000 ($65,900) in Q4-18, compared to KWD 3.92 million ($12.9 million) in Q4-17, …
First Dubai's total assets increased by 5% to KWD 98.16 million
28 October 2018 01:47 PM First Dubai’s profits leap 134% in Q3
Mubasher: First Dubai for Real Estate Development achieved an increase of 134% in profits during the third quarter of 2018 compared to the same period a year ago. Earnings enlarged to KWD 1.66 million ($5.48 million) in Q3-18 from around KWD …
First Dubai stock closed Thursday’s session 0.43% higher at 46.2 fils
19 July 2018 05:33 PM First Dubai Q2 financials turn to losses, H1 profits up 25%
Mubasher: First Dubai for Real Estate Development incurred a loss of KWD 357,000 ($1.18 million) during the second quarter of 2018 against profits of KWD 507,000 ($1.68 million) in the second quarter of 2017. During the first half of 2018, First …
Earnings jumped to KWD 1.62 million ($5.38 million) in Q1-18
10 May 2018 10:22 AM First Dubai records higher profits in Q1
Mubasher: First Dubai for Real Estate Development achieved a surge of 224% in profits during the first quarter of 2018 compared to the same period in the previous year. Earnings jumped to KWD 1.62 million ($5.38 million) in Q1-18 from KWD 500,000 …
First Dubai elected to keep its current chairman
8 April 2018 10:05 AM First Dubai’s Al Loughani to continue as chairman
Mubasher: First Dubai for Real Estate Development on Sunday announced that Mezzan Combined For General Trading W.L.L, which owns a 28.21% stake and two board member seats in the company, has recommended that Abdulaziz Basem Al Loughani should …
Profits decreased by 18.1% to KWD 1.72 million in 9 months
29 January 2018 10:45 AM First Dubai FY17 profits surge 266%
Mubasher: First Dubai for Real Estate Development achieved a positive turn in financials during the fourth quarter of 2017 against a loss in the same period last year. The real estate firm recorded KWD 3.92 million ($13.1 million) profits in Q4-17 …
Al Mazaya Holding owns 62.08% in First Dubai
22 August 2017 04:11 PM Al Mazaya Holding sells 437,000 shares in First Dubai
Mubasher: Al Mazaya Holding sold 436,810 shares in First Dubai for 50 fils each, totalling KWD 21,840 ($72,500), according to a statement to Boursa Kuwait on Monday. On Monday, Boursa Kuwait announced that Al Mazaya sold around 1.5 million of its …
The company sold its shares for 50.024 fils each
21 August 2017 04:12 PM Al Mazaya Holding sells 1.5m shares in First Dubai
Mubasher: Al Mazaya Holding sold around 1.5 million of its shares in First Dubai for Real Estate Development, according to a statement to Boursa Kuwait on Monday. The company sold its shares for 50.024 fils each, totalling KWD 75,000 ($249,000), …
Al Mazaya owned a 62.08% stake in First Dubai as at 16 November 2014
17 August 2017 09:36 AM Al Mazaya Holding continues to sell shares in First Dubai
Kuwait –Mubasher: Al Mazaya Holding exited 2,050 of its shares in First Dubai for Real Estate Development on 17 August. Al Mazaya sold its shares for 50 fils each, totalling KWD 102.5 ($348,060), according to a bourse statement. Al Mazaya owns a …
Before the transaction, Al Mazaya owned 62.08% stake in First Dubai
16 August 2017 09:31 AM Al Mazaya Holding sells 349,350 shares in First Dubai
Kuwait – Mubasher: Al Mazaya Holding sold 349,350 of its shares in First Dubai for Real Estate Development on 15 August. Al Mazaya sold its shares for 50 fils each, totalling KWD 17,470 ($58,000), according to a bourse statement. Before the …
(Photo Credit: Company website)
3 May 2017 09:26 AM First Dubai Q1 profits rise 54%
Kuwait – Mubasher: First Dubai Real Estate Development on Wednesday announced an increase of 53.5% in its profits for the first quarter of 2017, compared to Q1-16. Profits amounted to KWD 499,760 ($1.64 million) in Q1-17, compared to KWD 325,580 …
Al Mazaya now owns a 7.21% stake in First Dubai (Photo Credit: Arabianeye-Reuters)
20 February 2017 11:59 AM Al Mazaya buys stake in First Dubai
Mubasher: The Boursa Kuwait-listed Al Mazaya Holding said that it has purchased 100,000 shares of its subsidiary First Dubai for Real Estate Development. The shares volume equals 0.01% of First Dubai’s overall stake, with a total value of KWD …
The company suffered KWD 560,000 in losses in Q4-16 (Photo Credit: Company website)
6 February 2017 10:02 AM First Dubai posts losses in Q4
Kuwait – Mubasher: First Dubai on Monday reported a turn to losses in the fourth quarter of 2016, but posted overall annual profits for FY16. The company suffered KWD 560,000 ($1.83 million) in losses in the last three months of 2016 against KWD …
The increase in profits is attributed to a growth in the overall operating profit (Photo Credit: Arabianeye-Reuters)
31 October 2016 08:40 AM First Dubai Q3 profits soar 126.6%
Kuwait – Mubasher: First Dubai for Real Estate Development reported a surge of 126.6% in profits during the third quarter of 2016 as compared to the same period a year ago. Earnings amounted to nearly KWD 568,120 ($1.87 million) in Q3-16, compared …
A project by First Dubai (Photo Credit: Company Website)
5 October 2016 03:46 PM CMA nods to First Dubai’s shares sale
Kuwait – Mubasher: First Dubai for Real Estate Development said that the Capital Markets Authority in Kuwait (CMA) gave approval for selling 1.24 million of the company’s shares. The sale duration period starts on 4 October and lasts for six …
The increase in profits was due to growth in operating profits (Photo Credit: Company Website)
25 July 2016 08:43 AM First Dubai Q2 profits soar 92%
Kuwait – Mubasher: First Dubai for Real Estate Development recorded a surge of 92% in the second quarter of 2016 as compared to the same period in 2015. Earnings grew to KWD 1.21 million ($4 million) in Q2-16 from about KWD 630,340 ($2.08 million) …
One of First Dubai's projects (Photo Credit: First Dubai's Website)
25 April 2016 09:55 AM First Dubai posts higher profits in Q1
Kuwait-Mubasher: First Dubai for Real Estate Development posted a 1.1% rise in its first-quarter profits, according to a bourse statement. Profits reached KWD 3256,600 ($1.08 million) in the first quarter of 2015, compared to KWD 322,000 ($1.07 …