International Resorts

Mubasher: Boursa Kuwait announced that International Resorts’ voluntary delisting from the market will be effective by the end of Thursday’s trading session. The company referred that the withdrawal does not have any impact on its financial …

Mubasher: The Capital Markets Court rejected the grievance submitted by Ream Real Estate Co against Kuwait’s Capital Markets Authority’s (CMA) rejection of the merger draft.   The decision of the CMA was issued on 20 June 2019, according to a …

Mubasher: The Board of Commissioners of Kuwait’s Capital Markets Authority (CMA) approved International Resorts’ request to optionally withdraw from Boursa Kuwait. The withdrawal date is set to be by the end of business day on Thursday, 9 January …

Mubasher: International Resorts set 9 January 2020 to optionally delist from Boursa Kuwait, noting that determining the withdrawal date will not affect the company’s financial profile, the company said in a recent filing to Boursa Kuwait. On …

Mubasher: The Capital Markets Authority (CMA) of Kuwait approved for International Resorts on 27 June to voluntarily withdraw from Boursa Kuwait. International Resorts said that its current shares listed for trading represent 31.31% of Boursa …

Mubasher: International Resorts’ profit surged 188.77% year-on-year profit during the first quarter of 2019. The Kuwait-listed company’s profit soared to KWD 124,680 ($409,754) in Q1-19 from KWD 43,180 ($141,908) a year earlier, according to a …

Mubasher: The Kuwaiti Capital Market Authority (CMA) has rejected the merger between Ream Real Estate Co and International Resorts Company (IRC). The new combined entity, Resorts Holding, will write to the state-run regulator CMA to obtain the …

Mubasher: Boursa Kuwait on Monday announced that Kuwait Real Estate Company (KRE) has completed the non-cash and non-mandatory acquisition procedures over the International Resorts Company’s (IRC) shares. KRE acquired 89.35 million shares, …

Mubasher: International Resorts will hold a board meeting on Monday, 15 October, to discuss the income statements of the third quarter ended on 30 September 2018. The board members will also consider the recommendation of withdrawing its shares …

Mubasher: International Resorts announced its preliminary approval to consider Kuwait Real Estate’s request regarding non-cash and non-mandatory acquisition of International Resorts’ shares. Conducting this takeover proposal will not impact …

Mubasher: Kuwait Real Estate has expressed interest to acquire International Resorts through a non-cash and non-mandatory tender offer. The Kuwaiti property firm has submitted its official bid to International Resorts, it said in a filing to …

Kuwait - Mubasher: International Resorts Company (IRC) reported profits of KWD 22,410 ($73,160) in the first quarter of 2017 versus losses of KWD 303,650 ($991,350) in the same quarter last year, as shown by the company’s financial statement. The …

Mubasher: International Resorts has signed a credit facility agreement to finance capital requirements. The loan deal is worth KWD 500,000 ($1.64 million), according to a bourse statement issued on Tuesday. The financial impact from this loan …

Mubasher: International Resorts posted a decline of 58.32% in losses during the fourth quarter of 2016 as compared to the same period of 2015. Losses shrank to about KWD 720,800 ($2.36 million) in Q4-16 from KWD 1.73 million ($5.67 million) in …

Kuwait - Mubasher: International Resorts Company’s (IRC) ordinary general meeting (OGM) will discuss on 28 March the financial statements of the fourth quarter ended on 31 December 2016. The company’s losses in the first nine months of last year …

By: Mohamed Farouk Kuwait – Mubasher: Financial results of 14 companies listed on the Kuwait Stock Exchange's (KSE) consumer services sector showed a combined profit year-on-year growth of 7% in the third quarter of 2016. Profits for the sector …

Kuwait – Mubasher: International Resorts on Monday reported widening its losses year-on-year 103.9% in the third quarter of 2016. Net losses reached about KWD 203,371 ($669,200) in Q3-16, compared with nearly KWD 99,734 ($328,200) in the same …

Kuwait – Mubasher: International Resorts said it signed KWD4.432 million-credit facility agreement with Kuwait National Bank. The company will pledge a deposit of KWD 1.775 as a collateral against the loan, said a bourse filling. The company will …

Kuwait – Mubasher: International Resorts’ net profits for the second quarter declined 21.09% year-on-year to KWD 235,540 ($780,200) from KWD 298,500 ($988,700), according to a bourse filing. Over the first half, the company logged KWD 539,180 …

By: Ahmad Awad Kuwait-Mubasher: International Resorts has been investing KWD 60 million ($198 million) in building a resort in Al Dabb'iya, South Kuwait, said chairman Khaled Al Attal. The company is working on finalising the licenses required for …

Kuwait – Mubasher: International Resorts said its losses in the fourth quarter of 2015 deepened by 3927.32% year-on-year to KWD1.7 million ($5.7 million) from KWD42,900 ($142,200). The company also logged KWD2.38 million losses in 2015, 104.57% up …

Kuwait – Mubasher: International Resorts Co. said financial results for the first half of 2015 showed that net loss narrowed by 29%. The Kuwait-listed firm logged KWD 554,720 ($1.83 million) net loss for H1-15, compared with KWD 780,510 ($2.57 …

Kuwait-listed International Resorts Co. sold a land plot in the UAE to a related party for KWD 8.029 million or AED 657,980 ($2.166 million).The land plot in the Emirate of Sharjah is spread over 50,000 sqm and represents nearly 5% of the …

Shareholders of Kuwait Stock Exchange (KSE) are anticipating key events from five listed companies, as Tijara and Real Estate Investment’s ordinary general meeting will discuss the board’s proposal of freezing dividends for the fiscal year ended …

Five KSE-listed stocks are foreseen to be followed this week, starting with National Cleaning (CLEANING) which closed at 52 fils on Thursday, said capital market analyst Badr Al-Darzi.“The second stock is Gulf Petroleum Investment (GPI), which …