Kuwait Real Estate Co KSC (KRE`R)

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News

3 June 2020 01:22 PM Kuwait Real Estate approves 2019 bonus shares

Mubasher: Kuwait Real Estate’s general assembly on Wednesday consented to the proposed bonus share distribution of five treasury shares for every 100 shares for fiscal year (FY) 2019, representing 5% of the capital. The bonus issue will be matured …

Real estate

12 April 2020 03:01 PM Kuwait Real Estate’s profit up 4% in 2019; bonus shares proposed

Mubasher: Kuwait Real Estate achieved KWD 7.05 million worth of profits over 2019, up by 4.4% when compared to KWD 6.7 million in the previous year. The increase in the annual earnings is due to higher operating income and realised gains from an …

Real estate

15 December 2019 03:50 PM Kuwait Real Estate buys real estate assets at KWD 4.2m

Mubasher: Kuwait Real Estate signed a contract to purchase three real estate assets worth KWD 4.17 million in Kuwait. The assets’ purchase value will be funded through credit facilities by a Kuwaiti bank with a suitable interest rate and a …

Company News

6 November 2019 06:50 PM Kuwait Real Estate profits down 18% in Q3

Mubasher: Kuwait Real Estate Company (KRE) reported a decline in profits by 18.4% during the third quarter (Q3) of the year, as shown by the company’s financial statements. Profits reached KWD 1.35 million ($4.46 million) in Q3-19, compared with …

Financial Results

18 July 2019 05:47 PM Kuwait Real Estate posts KWD 5m profits in H1-19

Mubasher: Kuwait Real Estate achieved an increase of 10.8% in profits during the second quarters of 2019 when compared to the corresponding period last year. The company’s profits stood at KWD 1.85 million ($6.1 million) in Q2-19, compared to KWD …

Real estate

9 June 2019 00:56 PM Kuwait Real Estate’s stock marks highest performance in 2 yrs on Sunday

By: Mohamed Farouk Mubasher: The stock of Kuwait Real Estate led Boursa Kuwait in terms of trading volume on Sunday after recording its highest activities in more than two years. The stock grew 3.56%, or 2.6 fils, to 75.6 fils by 12:20 pm local …

Stock Evaluations

13 May 2019 09:13 AM Kuwait Real Estate’s profit surges 62% in Q1

Mubasher: Kuwait Real Estate reported a 62% year-on-year increase in profits during the first quarter of 2019. Profits amounted to KWD 3.58 million ($11.8 million) in Q1-19, up from KWD 2.21 million ($7.3 million) during Q1-18, according to a …

Financial Results

1 May 2019 04:58 PM Kuwait Real Estate to pay 5% bonus for FY18

Mubasher: The shareholders of Kuwait Real Estate approved the board’s recommendation of distributing 5% bonus shares for fiscal year 2018. Kuwait Real Estate will distribute on 29 May 5 treasury shares for every 100 shares as a bonus to the …

General Assembly

28 March 2019 10:25 AM Kuwait Real Estate FY18 profits surge 204%; bonus proposed

Mubasher: Kuwait Real Estate achieved a positive turn in the quarterly financials, as profits stood at KWD 1.73 million ($5.71 million) in the fourth quarter of 2018 against a loss of KWD 2.3 million ($7.59 million) in the corresponding period a …

Cash Dividends

23 January 2019 05:42 PM Kuwait Real Estate buys $18m land plots in UAE

Mubasher: Kuwait Real Estate on Wednesday said it has purchased five land plots in the UAE for a total consideration of KWD 5.41 million ($17.9 million). The purchase was carried out through two of Kuwait Real Estate’s subsidiaries, the Kuwaiti …

Real estate

21 January 2019 05:32 PM Kuwait Real Estate acquires 58% stake in International Resorts

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, …

Mergers and Acquisitions

8 November 2018 03:54 PM Kuwait Real Estate Q3 profits decline 16.5%

Mubasher: Kuwait Real Estate registered a decrease of 16.5% in profits during the third quarter of 2018 compared to the same period in the previous year. Earnings declined to KWD 1.1 million ($3.6 million) in Q3-18 from KWD 1.4 million ($4.6 …

Financial Results

27 September 2018 00:05 PM Kuwait Real Estate records highest trades in 1.5 yrs on Thursday

By: Mohamad Farouk Mubasher: The stock of Kuwait Real Estate registered the highest trading activity in a year and a half on Thursday. By 11:45 am Kuwait time, the stock posted 33.5 million shares that formed 34.4% of Boursa Kuwait’s total 97.4 …

Trading Activities

26 September 2018 02:42 PM Kuwait Real Estate profits likely to rise 16% in 9M – Analyst

By: Mohamad Farouk Mubasher: Kuwait Real Estate is expected to achieve a profit increase of 15.6% to KWD 5.2 million during the nine-month period in 2018 compared to KWD 4.52 million ($15 million) in the corresponding period a year ago, capital …

Financial Results

18 September 2018 10:43 AM Kuwait Real Estate’s stock falls to 3M low Tuesday

By: Mohamad Farouk Mubasher: The stock of Kuwait Real Estate went down 1.7% or 0.8 fils on Tuesday to reach 46.5 fils, the lowest level in three months. By 10:07 am Kuwait time, Kuwait Real Estate registered a volume of 1.06 million shares traded …

Trading Activities

10 September 2018 04:58 PM Kuwait Real Estate buys Arabella Complex land for KWD 2.8m

Mubasher: Kuwait Real Estate announced it has purchased a land plot on which Arabella project is built, according to a bourse statement on Monday. The Boursa Kuwait-listed company acquired this asset for a value of KWD 2.75 million ($9.1 million). …

Companies Investments

12 August 2018 03:40 PM Kuwait Real Estate H1 profits grow to KWD 4m

Mubasher: Kuwait Real Estate reported an increase of 11.94% in profits during the second quarter of 2018 compared to the same period last year. Earnings grew to KWD 1.66 million in Q2-18 from KWD 1.49 million in Q2-17, according to a bourse filing …

Financial Results

19 July 2018 05:26 PM Kuwait Real Estate inks KWD 30m loan deals

Mubasher: Kuwait Real Estate has signed credit facilities contracts at a total value of KWD 30 million ($99.2 million), according to a bourse statement on Thursday. The first loan is valued at KWD 20 million and was signed with an Islamic bank, …

Banking and Finance

24 May 2018 03:11 PM Kuwait Real Estate inks AED 45m deal with UAE bank

Mubasher: Kuwait Real Estate has signed an agreement with a local bank in the UAE to obtain an AED 45 million ($12.3 million) loan. The loan aims at funding the purchase of a property in Dubai for a total value of KWD 5.46 million, according to a …

Real estate

16 May 2018 00:08 PM Kuwait Real Estate Q1 profits grow 33%

Mubasher: Kuwait Real Estate registered an increase of 33.1% in profits during the first quarter of 2018 compared to the same period in the prior year. Earnings enlarged to KWD 2.21 million ($7.34 million) in Q1-18 from KWD 1.66 million ($5.51 …

Financial Results

19 March 2018 09:56 AM International Resorts initially nods to takeover of Kuwait Real Estate

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 …

Companies Investments

18 March 2018 09:09 AM Kuwait Real Estate looks to acquire International Resorts

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 …

Mergers and Acquisitions

10 January 2018 00:37 PM Kuwait Real Estate’s profits seen 5.8% higher in 2017

By: Mohamad Farouk Mubasher: Kuwait Real Estate is forecast to record KWD 5.1 million profits ($16.9 million) in fiscal year 2017 compared to KWD 4.82 million in the previous year, a 5.8% year-on-year increase, capital market analyst Ahmed Jassim …

Financial Results

3 August 2017 08:06 PM Rental revenues push Kuwait Real Estate Q2 up

Kuwait – Mubasher: Kuwait Real Estate on Thursday announced its profits increased by 51.2% year-on-year in the second quarter of 2017. Profits reached KWD 1.49 million ($4.93 million) in Q2-17, compared to KWD 986,000 ($3.26 million) in Q2-16, …

Financial Results

15 May 2017 02:07 PM Kuwait Real Estate Q1 profits down 11%

Kuwait – Mubasher: Kuwait Real Estate posted on Monday a year-on-year fall of 11.2% in its profits for the first quarter of fiscal year 2017 Net profit for Q1-17 amounted to KWD 1.66 million ($5.44 million), versus KWD 1.87 million ($6.13 million) …

Financial Results