IFA Hotels and Resorts (IFAHR) News - Mubasher Info
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07 May 03:52 AM

IFA Hotels and Resorts (IFAHR)

Last update: 6 May 12:44 PM market time.
1,099.00
40.00
3.78%
Open 1,066.00
Previous Close 1,059.00
High 1,155.00
Low 1,065.00
Stock Statistics
Volume 750,265
Turnover 813,699.59
All data are 15 minutes late during market session

News

IFA incurred KWD 14.11 million worth of losses in Q4-19
9 April 2020 02:48 PM IFA Hotels’ losses up 17% in 2019
Mubasher: The net losses of IFA Hotels and Resorts surged by 17% over the fiscal year (FY) ended on 31 December 2019 to reach KWD 22.52 million as compared to KWD 19.25 million in 2018. The negative 2019 results are ascribed to a rise in value …
Financial Results
Loss decreased to KWD 8.41m in 9M
15 November 2019 09:23 PM IFA Hotels registers KWD 4.5m profit in Q3-19
Mubasher: IFA Hotels and Resorts has reported a 32.3% year-on-year loss decline during the third quarter of 2019. The company’s loss went down to KWD 4.49 million in Q3-19, compared to KWD 6.64 million in the year-ago period, according to a bourse …
Financial Results
The deal is valued at KWD 949,173
30 September 2019 00:54 PM IFA Hotels incurs KWD 494,075 losses from selling investment
Mubasher: IFA Hotels and Resorts has completed a deal on selling an investment owned by it in Yotel UK Holding Company. The deal is valued at KWD 949,173, IFA Hotels disclosed to Boursa Kuwait on Monday. The said selling will result in losses …
Company News
The deal may generate KWD 782.770 profit
27 September 2019 08:09 PM IFA Hotels sells KWD 1.57m subsidiary
Mubasher: IFA Hotels and Resorts has sold a subsidiary in consideration of KWD 1.577 million ($5.139 million), according to a bourse statement. The deal is expected to generate KWD 782.770 profit the financial impact of which will appear in the …
Companies Investments
Loss grew by 19% to KWD 3.9m in 6M
14 August 2019 06:30 PM IFA Hotels turns to profit in Q2-19
Mubasher: IFA Hotels and Resorts turned to profit during the second quarter of 2019, recording KWD 748,880 ($2.47 million) in profit, according to a bourse statement released on Wednesday. In the first six months of 2019, IFA’s loss grew by 19% to …
Financial Results
A previous OGM of IFA Hotels
16 May 2019 00:53 PM IFA Hotels losses deepen to KWD 4.6m in Q1
 Mubasher: IFA Hotels and Resorts incurred an increase of 556.9% in losses during the first quarter of 2019 compared to the same period last year. Losses widened to KWD 4.66 million ($15.36 million) in Q1-19 from about KWD 709,400 ($2.34 million) …
Financial Results
IFA Hotels' losses deepened to KWD 9.31 million in Q4-18
31 March 2019 02:05 PM IFA Hotels incurs KWD 19m losses in FY18
Mubasher: IFA Hotels and Resorts has registered an increase of 85.8% in losses during the fourth quarter of 2018 compared to the same period a year ago. Losses deepened to KWD 9.31 million ($30.7 million) in Q4-18 from KWD 5.01 million ($16.5 …
Financial Results
IFA Hotels has a capital standing at KWD 63.54 million
17 February 2019 03:05 PM IFA Hotels’s subsidiary receives KWD 49.5m loan
Mubasher: IFA Hotels and Resorts announced that one of its subsidiaries was pledged a loan worth KWD 49.53 million ($163.1 million), according to a bourse statement on Sunday. The subsidiary will use the granted loan in repaying part of its …
Banking and Finance
IFA incurs KWD 6.6m loss in Q3
18 November 2018 10:20 AM IFA Hotels incurs KWD 6.6m loss in Q3
Mubasher: IFA Hotels and Resorts (IFA) on Sunday announced it has turned to losses during the third quarter of 2018, as compared with Q3-17. Net losses amounted to KWD 6.64 million ($21.8 million) in Q3-18, against net profit of KWD 2.32 million …
Financial Results
IFA Hotels closed Sunday’s session 5.05% lower at 92.1 fils
30 September 2018 04:58 PM IFA Hotels’ UAE subsidiary gets AED 140m loan
Mubasher: IFA Hotels and Resorts announced that its subsidiary in the UAE has been allocated a loan valued at AED 140 million ($38.1 million). The subsidiary, which has not been named, will use this credit facility to repay part of the company’s …
Companies Investments
Net losses amounted to KWD 2.58 million in Q2-18
14 August 2018 04:08 PM IFA Hotels Q2 losses fall 28%
Mubasher: IFA Hotels and Resorts (IFA) on Tuesday posted a 28% year-on-year drop in its losses for the second quarter of 2018. Net losses amounted to KWD 2.58 million ($8.15 million) in Q2-18, compared to KWD 3.57 million ($11.78 million) in …
Financial Results
This transaction has no impact on the income statements of IFA
2 July 2018 03:05 PM IFA’s subsidiary seals $12m deal
Mubasher: International Financial Advisors (IFA) announced that IFA Hotels and Resorts – Dubai has completed a purchasing transaction of a property valued at KWD 3.62 million ($12 million). This transaction has no impact on the income statements …
Companies Investments
IFA Hotels and Resorts suffered losses worth about KWD 709,400 in Q1-18
16 May 2018 03:46 PM IFA Hotels Q1 financials turn to losses
Mubasher: IFA Hotels and Resorts suffered losses worth about KWD 709,400 ($2.36 million) during the first quarter of 2018 against a profit of nearly KWD 726,710 ($2.41 million) in the same period in the prior fiscal year. The negative turn in Q1 …
Financial Results
IFA closed Monday’s session in Boursa Kuwait 0.38% lower
16 April 2018 04:35 PM IFA’s board nods to becoming holding firm
Mubasher: The board of International Financial Advisors (IFA) approved transforming to a holding company. The board members of IFA, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), will pass this decision to the …
Banking and Finance
Losses amounted to KWD 5.01 million ($16.76 million) in Q4-17
29 March 2018 11:20 AM IFA Hotels reports KWD 5m loss in Q4-17
Mubasher: IFA Hotels and Resorts on Thursday announced that it swung to a loss during the fourth quarter of 2017. Losses amounted to KWD 5.01 million ($16.76 million) in Q4-17, compared to a profit worth KWD 3.42 million ($11.44 million) in Q4-16, …
Financial Results
Evergreen is the first national retirement brand in South Africa
4 March 2018 00:14 PM IFA Hotels’ subsidiary inks JV deal with Amdec
Mubasher: IFA Hotels and Resorts – South Africa, a fully owned subsidiary of Kuwait’s IFA Hotels and Resorts, has signed a joint venture (JV) agreement with Amdec, the owner of the trademark Eevergreen Lifestyle. The JV deal covers the retirement …
Companies Investments
IFA Hotels closed Thursday’s session 39.8% lower
28 December 2017 04:41 PM IFA Hotels to incur KWD 3.53m losses on investments sale
Mubasher: IFA Hotels and Resorts announced a loss of KWD 3.53 million ($11.7 million) from selling investments in Yotel Investment Company Limited and Kingdom 5-KR-59 Limited, according to a disclosure of Thursday. The company has sold an …
Financial Results
15 November 2017 04:41 PM IFA Hotels profits leap to KWD 2.3m in Q3
Mubasher: IFA Hotels and Resorts recorded a surge of 2,457.8% in profits during the third quarter of 2017, when compared to the corresponding period in 2016. Earnings increased to KWD 2.3 million ($7.6 million) in Q3-17 from about KWD 90,900 …
Financial Results
Starwood Capital has become a partner with Yotel
2 October 2017 01:15 PM IFA Hotels position seen unaffected by Yotel acquisition
Mubasher: IFA Hotels and Resorts clarified that Starwood Capital Group has purchased a 30% stake in Yotel, in which IFA Hotels is considered one of the major shareholders. Following this acquisition, Starwood Capital has become a partner with …
Mergers and Acquisitions
The financial impact from this deal will be registered in Q3-17 financials
6 September 2017 05:53 PM IFA posts profit after subsidiary $9.61m sale deal
Mubasher: International Financial Advisors (IFA) has achieved a profit after its subsidiary, IFA Hotels and Resorts, sold a stake in Yotel Investment Limited Company. IFA, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), …
Companies Investments
IFA Hotels and Resorts incurred a loss of KWD 3.57 million in Q2
30 August 2017 03:57 PM IFA Hotels sale deal generates KWD 5.04m profit
Mubasher: IFA Hotels and Resorts has sold assets as a stake in an associate outside Kuwait for KWD 9.4 million. This deal will generate a profit of KWD 5.04 million, which will be registered in the income statements of the third quarter of fiscal …
Companies Investments
Losses amounted to KWD 3.57 million in the second quarter 2017
14 August 2017 11:04 PM IFA Hotels turns to losses in Q2
Kuwait - Mubasher: IFA Hotels and Resorts posted losses of KWD 3.57 million ($11.85 million) in the second quarter of the year, versus profits of nearly KWD 2.48 million ($8.23 million) for the same quarter of 2016. The financial statements of the …
Financial Results
IFA Hotels and Resorts is expected to develop its new project in Dubai’s Palm Jumeirah in 2017.
19 July 2017 00:21 PM IFA HR to renovate Dubai’s Palm Jumeirah in 2017
Kuwait – Mubasher: IFA Hotels and Resorts is expected to develop its new project in Dubai’s Palm Jumeirah in 2017. The chairman Talal Jassim Al Bahar said that the company’s main strategy is represented in risk reduction through the …
Companies Investments
Photo Credit: Arabianeye-Reuters
30 March 2017 03:39 PM IFA Hotels Q4 profits plunge 66.5%
Mubasher: IFA Hotels and Resorts reported a decline of 66.5% in profits during the fourth quarter of 2016 as compared to the corresponding period of 2015. The company’s earnings shrank to KWD 3.42 million ($11.2 million) in Q4-16 from KWD 10.2 …
Financial Results
(Photo Credit: Company Website)
29 March 2017 08:50 AM IFA Hotels affiliate opens YotelAir Hotel in Paris ariport
Kuwait - Mubasher: Yotel Investments, an affiliate of IFA Hotels and Resorts Company, opened its newest hotel in Charles de Gaulle Airport in Paris, IFA Hotels said. The launch coincided with the rebranding of Yotel hotels at airports to YotelAir, …
Companies Investments