Kuwait Hotels Co KSCP (KHOT)

Mubasher: Kuwait Hotels Company said that its subsidiary, Safir International Hotel and Resort Management, has signed a contract to operate and manage Safir Hotel in Egypt's Marsa Matruh governorate.    The financial impact of the …

Mubasher: Kuwait Hotels Company announced that its subsidiary, Safir International Hotel and Resort Management, has renewed the management contract of Safir Hotel Cairo.   The contract has been extended for a period of two years and four months …

Mubasher: Kuwait Hotels Company announced that its subsidiary Safir International Hotel and Resort Management signed a contract for the management of Safir Sharm Waterfalls in Egypt’s Red Sea Governorate. Expected revenues from the 10-year …

Mubasher: Kuwait Hotels reported higher losses by 170.7% year-on-year (YoY) in the fiscal year (FY) 2019 at KWD 984,132 ($3.16 million) from KWD 363,582 ($1.17 million). The negative 2019 results were driven by losses from derecognition and …

Mubasher: The financial statements of Kuwait Hotels indicated an 87% year-on-year decline in losses during the third quarter of 2019. The losses of the period fell to about KWD 31,900 ($105,420) in Q30-19 when compared to nearly KWD 245,900 …

Mubasher: Kuwait Hotels on Monday reported a 577.6% year-on-year increase in losses during the fourth quarter of 2018. The firm’s losses amounted to KWD 183,310 in Q4-18, up from KWD 27,050 during Q4-17, according to a statement to Boursa Kuwait. …

Mubasher: Kuwait Hotels announced that its subsidiary has extended a contract with the Amiri Diwan of Kuwait. The renewed contract is valued at KWD 2.7 million and will be effective as of the beginning of next February for three years, according …

Mubasher: Kuwait Hotels posted it has turned to losses during the second quarter of 2018, as compared with the corresponding period last year. Net loss stood at KWD 28,710 ($95,000) in the three-month period ended June, compared to net profit of …

Mubasher: Kuwait Hotels posted a 93.3% year-on-year drop in profits to around KWD 6,930 ($23,200) for the full-year 2017, down from KWD 104,000 ($348,110). The company achieved a net profit of KWD 401,280 last year from selling intangible assets, …

Mubasher: Kuwait Hotels posted a drop of 72.5% in profits to about KWD 15,370 ($50,730) in the second quarter of 2017 compared to around KWD 55,820 ($184,240) in the same period a year ago. During the first half of 2017, the company’s profits …

Mubasher: Kuwait Hotels clarified that its business in Qatar includes only operating Safir Doha Hotel through the Kuwaiti company’s subsidiary, Safir International Hotel Management. This disclosure followed the Capital Markets Authority’s (CMA) …

Kuwait – Mubasher: The ordinary general meeting (OGM) of Kuwait Hotels approved distributing 5% of capital as cash dividends for fiscal year 2016. The company will pay 5 fils per share as dividends for FY16, according to a bourse filing issued on …

Mubasher: Kuwait Hotels suffered losses of KWD 393,000 ($1.29 million) during the fourth quarter of 2016 against a profit of KWD 358,000 ($1.17 million) in the same period of the prior year. During the fiscal year, earnings decreased 61.1% to …

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: Kuwait Hotels trimmed its losses for the third quarter of fiscal 2016 by 69% to KWD 41,418 ($136,300), compared to KWD 133,253 ($438,500) for Q3-15. However, the company turned profitable in the first nine months of 2016 with a …

Kuwait – Mubasher: Kuwait Hotels achieved a surge of 177.3% in profits during the second quarter of 2016 as compared to the same period a year ago. Earnings increased to about KWD 55,820 ($184,900) in Q2-16 from nearly KWD 20,130 ($66,680) in …

Doha – Mubasher: Qatar General Insurance and Reinsurance Company (QGIR) said in a statement that it set 15 March for its ordinary general meeting (OGM) to resolve the distribution of cash dividends at 15% of the share’s par value (QAR 1.5 per …

Kuwait-Mubasher: Kuwait Hotels achieved about KWD 400,000 ($1.33 million) profit through its 99.5%-owned subsidiary, Kuwait Catering, according to a bourse statement. The Kuwaiti company said that the overall deal stood at about KWD 440,000. …

Kuwait-Mubasher: Kuwait Hotels said that an agreement has been reached to settle the legal conflict with a creditor to its subsidiary, Safir International Hotel Management. The settlement resulted in paying KWD 2 million to the creditor, the …

Kuwait-Mubasher: The nine-month financials of Kuwait Hotels showed losses worth approximately KWD 90,900 ($298,700), against earnings of nearly KWD 130,800 ($429,700) in the same period of 2014. The negative turn in the company’s 9M financials …

Kuwait-Mubasher: A subsidiary of Kuwait Hotels launched a successful bid for a tender worth KWD 2.735 million, a stock exchange filing said on Thursday. The awarded contract has a duration period of three years, as of December 2015 until 30 …

The Kuwait Stock Exchange (KSE) showed a number of changes in equity ownership ratios by the end of the session ended Wednesday. Mubasher reported a couple of changes indicating that Al Ahleia Insurance raised its stake in Kuwait Hotels from …

Kuwait Hotels registered 89.8% drop in its first quarter’s profits, posting about KWD 22,490 ($74,200) in Q1-15 compared to nearly KWD 219,87 ($725,200) in Q1-14.The company’s earnings per share dropped to 0.4 fils in Q1-15 from 3.9 fils in …

Kuwait Hotels’ ordinary general meeting approved the board’s recommendation of withholding dividends distribution for the fiscal year 2014, according to a bourse filing.The company reported about KWD 9,700 earnings in FY14, compared to nearly KWD …

Kuwait Stock Exchange’s (KSE) equity ownership movement saw changes on 8 April, as Public Institution for Social Security joined the equity list of National Bank of Kuwait (NBK) by 5.030%.Al-Ahleia Insurance Company decreased its stake in Kuwait …