Injazzat Real Estate Development (INJAZZAT`R)

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News

6 April 2020 01:59 PM Injazzat cancels 2019 dividends

Mubasher: The board of Injazzat Real Estate Development decided to cancel the proposed cash dividends distribution for the fiscal year (FY) ended on 31 December 2019. The board decided not to distribute any dividends for FY19 in order to maintain …

Board of Directors

4 March 2020 09:51 AM Injazzat suffers KWD 7m losses in 2019; dividends recommended

Mubasher: Injazzat Real Estate Development reported losses of KWD 6.89 million ($22.57 million) by 2019 year-end, against an annual profit of KWD 4 million ($13.17 million) in 2018.    Losses per share recorded 20.52 fils last year, versus …

Real estate

19 November 2019 04:32 PM Injazzat Real Estate’s CEO resigns

Mubasher: Injazzat Real Estate Development’s board has accepted the resignation of the company’s CEO Faisal Fahad Al-Shaya, according to a bourse statement released on Tuesday. The board recommended an ordinary general meeting for the election of …

Real estate

29 October 2019 09:19 AM Injazzat profits dip 37% in Q3

Mubasher: The profits of Injazzat Real Estate Development retreated by 37% to KWD 337,000 ($1.11 million) during the third quarter of 2019 from KWD 535,000 ($1.77 million) in Q3-18. During the first nine-month period in 2019, the firm recorded …

Company News

30 July 2019 10:54 AM Kuwait’s Injazzat Q2 profits plunge 53%

Mubasher: Injazzat Real Estate Development, listed on Boursa Kuwait, reported a 52.8% year-on-year decline in profits for the second quarter of 2019. Profits totalled KWD 510,000 ($1.68 million) in Q2-19, compared to KWD 1.08 million ($3.56 …

Real estate

24 April 2019 10:21 AM Injazzat logs 12.8% profit hike in 3M

Mubasher: Kuwait-based Injazzat Real Estate Development reported a 12.8% year-on-year rise in profits during the first quarter of 2019. The company’s profits amounted to KWD 1.23 million ($4.05 million) in Q1-19, up from KWD 1.09 million ($3.6 …

Financial Results

31 March 2019 02:38 PM Injazzat Real Estate exits from $7.25m asset in US

Mubasher: Injazzat Real Estate Development has announced exiting from one of its investments in the US at a value of KWD 2.2 million ($7.25 million). This transaction led to generate a profit of KWD 1.19 million which will be appeared in the …

Companies Investments

6 March 2019 04:03 PM Injazzat Real Estate to pay 7 fils/shr dividend for FY18

Mubasher: Injazzat Real Estate Development said that its ordinary general meeting (OGM) has approved the board’s recommendation of distributing 7% of the capital as cash dividends for fiscal year 2018. The company will pay 7 fils per share as a …

Board of Directors

23 December 2018 11:08 AM Injazzat receives KWD 1m from selling assets in Bahrain

Mubasher: Injazzat Real Estate Development said that an associate has sold residential units in a tower in Bahrain and it will announce the delivery of these units to the purchasers in the coming days. The Boursa Kuwait-listed company said that …

Real estate

16 September 2018 04:08 PM Injazzat buys commercial property for $10.6m

Mubasher: Injazzat Real Estate Development on Sunday announced the successful purchase of a commercial building in Sharq, Kuwait. The building was bought for KWD 3.2 million ($10.57 million), the developer said in a filing to Boursa Kuwait. The …

Real estate

1 August 2018 05:13 PM Injazzat Real Estate H1 profits down to KWD 2m

Mubasher: Injazzat Real Estate Development recorded a surge of 111.4% in profits during the second quarter of 2018 compared to the same period in the prior year. Earnings grew to KWD 1.08 million ($3.57 million) in Q2-18 from KWD 511,000 ($1.69 …

Real estate

11 June 2018 00:22 PM Injazzat’s unit sells BHD 10m asset in Bahrain

Mubasher: Injazzat Real Estate Development announced that a 50%-owned associate has sold a residential building in Bahrain for BHD 10 million or KWD 8.048 million ($26.7 million). The sale transaction will generate a loss of nearly KWD 108,500 …

Real estate

30 April 2018 04:49 PM Injazzat Real Estate profit slides 54% in Q1

Mubasher: Kuwait-based Injazzat Real Estate Development on Monday posted a 53.6% year-on-year drop in its profits during the first quarter of 2018, compared to the year-ago period. Injazzat Real Estate’s profits fell to KWD 1.09 million ($3.62 …

Financial Results

25 April 2018 02:29 PM Injazzat Real Estate unit sells KWD 12.5m building

Mubasher: Injazzat Real Estate Development has announced that a 99.75% subsidiary sold an office building at a value of KWD 12.5 million ($41.7 million). Profits generated through the transaction are estimated at KWD 580,000 ($1.93 million), …

Companies Investments

18 April 2018 03:53 PM Injazzat Real Estate raises equity in subsidiary for KWD 2.4m

Mubasher: Injazzat Real Estate Development has signed a contract to purchase shares in a 70%-owned subsidiary. The deal value totals KWD 2.4 million, according to a bourse statement on Wednesday. Following this deal, Injazzat’s stake in the …

Companies Investments

8 February 2018 01:33 PM Injazzat posts gain on exiting EUR 4.85m property

Mubasher: Injazzat Real Estate Development achieved a profit of approximately KWD 453,820 ($1.52 million) from selling a property in France.  The Kuwait-based company has exited its entire share in a residential building in Paris at a total value …

Companies Investments

30 January 2018 04:43 PM Injazzat Real Estate FY17 profits grow 12%; dividends proposed

Mubasher: Injazzat Real Estate Development reported a decline of 43.8% in profits during the fourth quarter of 2017 compared to the same period in the prior year. Earnings decreased to about KWD 287,000 ($959,100) in Q4-17 from KWD 511,000 ($1.71 …

Financial Results

17 January 2018 02:52 PM Injazzat Real Estate FY17 profits likely to grow 12.5%

By: Mohamad Farouk Mubasher: Injazzat Real Estate Development is projected to record a growth of 12.5% in profits to KWD 3.6 million in fiscal year 2017 compared to KWD 3.2 million in FY16, capital market analyst Ahmad Jassim Al Qamr told …

Financial Results

22 November 2017 11:47 AM Injazzat inks KWD 3.09m takeover deal

Mubasher: Injazzat Real Estate Development has signed an acquisition contract worth KWD 3.09 million, accounting for 35% of an associate’s shares. Following this contract, the associate will become a subsidiary that is owned by 70%, according to a …

Companies Investments

28 September 2017 01:06 PM Injazzat exits GBP 5.28m controlling stake in UK

Mubasher: Injazzat Real Estate Development has sold its entire stake in a property project in the UK for a total value of GBP 5.282 million (KWD 2.138 million). A profit worth KWD 449,047 was realised from this exit deal, and will be registered in …

Companies Investments

25 July 2017 04:16 PM Injazzat profits tumble 32% in Q2

Kuwait – Mubasher: Injazzat Real Estate Development Company on Tuesday announced a 32.3% decrease year-on-year in its profits for the second quarter of 2017. The profits fell to KWD 511,900 ($1.7 million) in Q2-17, from KWD 755,500 ($2.5 million) …

Financial Results

5 June 2017 01:26 PM Injazzat sells AED 41.62m property in UAE

Kuwait – Mubasher: Injazzat Real Estate Development has sold a land plot located in Abu Dhabi for AED 41.62 million or KWD 3.44 million ($11.33 million). The financial impact from this deal will be realising a loss of nearly KWD 324,430 which will …

Companies Investments

19 April 2017 08:57 AM Injazzat profits surge 72% in Q1

Kuwait – Mubasher: Injazzat Real Estate Development on Wednesday reported a growth of 71.5% in its profits for the first quarter of 2017, compared to the same period of 2016. Profits amounted to KWD 2.35 million ($7.7 million) in Q1-17, up from …

Financial Results

5 April 2017 02:01 PM Injazzat’s assets grow 6.5% in 2016

Kuwait – Mubasher: Injazzat Real Estate Development Company reported expanding its footprint in 2016 through investment opportunities in the US housing market, Al Anba newspaper reported, citing the company’s CEO Faisal Al Shaya as saying. Al …

Companies Investments

3 April 2017 03:45 PM Injazzat to pay 5 fils/shr dividend

Mubasher: Injazzat Real Estate Development’s ordinary general meeting approved the board’s recommendation of distributing 5% cash dividends for fiscal year 2016. The company will pay 5 fils per share to the entitled shareholders for the fiscal …

General Assembly