Kuwait Real Estate Co KSC (KRE) News - Mubasher Info
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20 August 11:56 AM

Kuwait Real Estate Co KSC (KRE`R)

Last update: 10:43 AM market time.
319.00
-64.00
-16.71%
Open 320.00
Previous Close 383.00
High 320.00
Low 317.00
Stock Statistics
Volume 872,451
Turnover 277,908.71
All data are 15 minutes late during market session

News

The company will grant a remuneration of KWD 40,000 to board members
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 …
Cash Dividends
The profits shrank by 84.2% annually in Q4-19
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 …
Cash Dividends
Kuwait Real Estate’s profits record 34.9% growth in 9M profits
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 …
Real estate
Photo Archive
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
Kuwait Real Estate recorded a year-on-year surge of 40% in H1 profits
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
The stock pushed up the real estate sector which added 1.77%.
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 …
Trading Activities
Profits amounted to KWD 3.58 million in Q1-19
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 …
Real estate
Kuwait Real Estate achieved KWD 6.75 million profits in FY18
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 …
Cash Dividends
Kuwait Real Estate may distribute 5% of the treasury shares as bonus
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 …
Real estate
Kuwait Real Estate buys $18m land plots in UAE
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 …
Companies Investments
Kuwait Real Estate Company (KRE) has completed the non-cash and non-mandatory acquisition procedures over the International Resorts Company’s shares
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
Total operating revenues grew by 0.4% to KWD 13.2 million
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 …
Real estate
Kuwait Real Estate is facing resistance at 47.5 fils
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
Kuwait Real Estate's stock closed Wednesday at 46.3 fils
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
The real estate sector was impacted by the decline of Kuwait Real Estate
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 …
Stock Evaluations
Kuwait Real Estate's stock closed Monday at 47.6 fils
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). …
Real estate
Earnings grew to KWD 1.66 million in Q2-18
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
The first loan is valued at KWD 20 million
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, …
Real estate
The loan aims at funding the purchase of a property in Dubai
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 …
Banking and Finance
Earnings enlarged to KWD 2.21 million ($7.34 million) in Q1-18
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 …
Real estate
International Resorts has a capital of KWD 15.45 million
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
Kuwait Real Estate has expressed interest to acquire International Resorts
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
Kuwait Real Estate is expected to distribute 5% of capital as cash dividends for FY17
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
Profits reached KWD 1.49 million ($4.93 million) in Q2-17, compared to KWD 986,000 ($3.26 million) in Q2-16, according to statements to Boursa Kuwait
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
(Photo credit: Company's website)
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