Kuwait Real Estate Co KSC (KRE)

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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: 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 …

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 …

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 …

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 …

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). …

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 …

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, …

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 …

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 …

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 …

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 …

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, …

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) …