Kuwait Hotels Co KSCP (KHOT) News - Mubasher Info
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12 June 11:43 AM

Kuwait Hotels Co KSCP (KHOT`R)

Last update: 11 June 12:41 PM market time.
170.00
-89.00
-34.36%
Open 175.00
Previous Close 259.00
High 176.00
Low 170.00
Stock Statistics
Volume 17,463
Turnover 3,041.71
All data are 15 minutes late during market session

News

Photo Archive
13 October 2022 02:03 PM Kuwait Hotels’ unit to manage Safir Hotel Marsa Matruh
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 …
Companies Investments
Photo Archive
22 August 2022 04:06 PM Kuwait Hotels’ unit renews contract to manage Safir Hotel Cairo
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 …
Companies Investments
Expected revenues from the 10-year contract are KWD 1.2 million
23 March 2021 01:54 PM Kuwait Hotels Co's unit inks hotel management deal in Egypt's Sharm El-Sheikh
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 …
Companies Investments
The board recommended not to distribute any dividends for 2019
6 April 2020 09:45 AM Kuwait Hotels’ losses widen 171% in 2019
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 …
Financial Results
The losses of Q3-19 fell to about KWD 31,900
20 October 2019 09:28 AM Kuwait Hotels’ losses narrow 87% in Q3-19
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 …
Company News
The firm’s losses amounted to KWD 183,310 in Q4-18
1 April 2019 02:11 PM Kuwait Hotels deepens losses in Q4, 2018
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. …
Financial Results
The renewed contract is valued at KWD 2.7 million
24 October 2018 05:22 PM Kuwait Hotels renews KWD 3m deal with Amiri Diwan
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 …
Companies Investments
Net loss stood at KWD 28,710 ($95,000) in the three-month period ended June
26 July 2018 11:13 AM Kuwait Hotels turns to loss in Q2
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 …
Financial Results
The company achieved a net profit of KWD 401,280 last year from selling intangible assets
28 March 2018 08:52 AM Kuwait Hotels profit declines 93% in FY17
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, …
Financial Results
Kuwait Hotels reported a drop of 71.4% in profits in Q1-17
26 July 2017 03:31 PM Kuwait Hotels Q2 profits decline 72%
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 …
Financial Results
Kuwait Hotels owns a 90.9% stake in Safir International Hotel Management
17 July 2017 03:23 PM Kuwait Hotels discloses exposure to Qatari market
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) …
Companies Investments
The company will pay 5 fils per share as dividends
14 June 2017 02:04 PM Kuwait Hotels to pay 5 fils/shr dividends
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 …
Cash Dividends
Photo Credit: Arabianeye-Reuters
20 March 2017 09:13 AM Kuwait Hotels incurs losses in Q4, proposes dividends
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 …
Financial Results
(Photo credit: Arabianeye-Reuters)
21 November 2016 00:09 PM Kuwait's consumer services sector profits rise 7% in Q3
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 …
Financial Results
(Photo credit: Arabianeye - Reuters)
14 November 2016 10:26 AM Kuwait Hotels cuts Q3 losses 69%
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 …
Financial Results
Earnings increased to about KWD 55,820 ($184,900) in Q2-16 (Photo Credit: Arabianeye-Reuters)
15 August 2016 10:01 AM Kuwait Hotels Q2 profits grow 177.3%
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 …
Financial Results
Photo archive
23 February 2016 10:08 AM Kuwait Hotels Q4 profits turn profitable; no dividends proposed
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 …
Financial Results
Photo Credit: Arabianeye-Reuters
11 February 2016 01:00 PM Kuwait Hotels gets KWD 400,000 profit from unit
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. …
Companies Investments
Photo Credit: Arabianeye-Reuters
29 December 2015 09:36 AM Kuwait Hotels settles legal conflict for unit
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 …
Law
Photo Credit: Arabianeye-Reuters
12 November 2015 10:04 AM Kuwait Hotels nine-month results turn negative
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 …
Financial Results
Photo Credit: Arabianeye-Reuters
27 August 2015 02:08 PM Kuwait Hotels unit awarded 3-year contract
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 …
Company News
Photo Credit: Arabianeye-Reuters
2 July 2015 09:42 AM Changes in KSE equities Wednesday
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 …
Company News
Photo Credit: Arabianeye-Reuters
10 May 2015 09:48 AM Kuwait Hotels Q1 earnings drop 89.8%
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 …
Company News
Photo Credit: Arabianeye-Reuters
30 April 2015 00:03 PM Kuwait Hotels approves freezing FY14 dividends
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 …
Company News
Photo Credit: Arabianeye-Reuters
9 April 2015 07:54 AM Key changes in 5 KSE-listed firms’ equity
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 …
Company News