Mabanee Co K.P.S.C (MABANEE) News - Mubasher Info
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27 February 05:59 PM

Mabanee Co K.P.S.C (MABANEE`R)

Last update: 24 February 01:29 PM market time.
980.00
199.00
25.48%
Open 975.00
Previous Close 781.00
High 986.00
Low 969.00
Stock Statistics
Volume 2,982,521
Turnover 2,920,709.05
All data are 15 minutes late during market session

News

Mabanee turned to losses in Q2-20
4 August 2020 09:57 AM Mabanee’s profits shrink 94% in H1-20
Mubasher: The net profits of Mabanee Co plunged by 94.4% on a yearly basis during the first half (H1) ended on 30 June 2020, reaching KWD 1.56 million ($5.11 million) from KWD 27.8 million ($91.11 million) in H1-19 The drop in H1-20 earnings is …
Real estate
A bonus share distribution of 6-for-100 shares was approved .
9 April 2020 09:24 AM Mabanee approves FY19 dividends
Mubasher: The ordinary general meeting (OGM) of Mabanee Co consented to the proposed cash dividend distribution of KWD 14.6 million or 14 fils per share for the fiscal year (FY) 2019, representing 14% of the share’s nominal value. It also approved …
Event
The earnings increased by 6% annually in Q4-19
4 February 2020 10:50 AM Mabanee’s profits hit KWD 56.4m in 2019; dividends proposed
Mubasher: The net profits of Mabanee Co rose by 7.39% to reach KWD 56.41 million in the fiscal year ended 31 December 2019 when compared to KWD 52.53 million in the previous year.  Earnings per share (EPS) amounted to KWD 54.24 last year, up by …
Financial Results
Mabanee submitted the best offers to "J3" investment opportunity
20 January 2020 05:03 PM Three Kuwaiti listed firms win investment opportunity in Jaber Al Ahmad city
Mubasher: Mabanee Co, among a consortium of Kuwaiti companies, received a letter of notification on Monday from the Public Authority for Housing Welfare awarding the investment opportunity “J3” in Jaber Al Ahmad Residential City. As …
Companies Investments
Mabanee owns a 35% stake in Avenues
12 December 2019 11:06 AM Avenues signs 60-year lease contract for Bahraini land - Mabanee
Mubasher: Mabanee Co on Thursday announced that Avenues Company, a unit of Al Sorouh Management Company, inked a contract with Bahrain’s Ministry of Works, Municipalities Affairs and Urban Planning to lease and develop a land for 60 years. Under …
Real estate
Profit rose to KWD 42.3m in 9M
31 October 2019 04:40 PM Mabanee posts 0.35% YoY profit hike in Q3-19
Mubasher: Mabanee Co. has reported a 0.35% year-on-year profit increase during the third quarter of the fiscal year 2019. The company’s profit went up to KWD 14.51 million ($47.9 million) in Q3-19, compared to KWD 14.46 million ($47.7 million) in …
Financial Results
Mabanee’s profits hiked to KWD 14.05 million in Q2-19
11 September 2019 05:04 PM Nesma and Partners to execute first phase of Avenues Riyadh – Mabanee
Mubasher: Mabanee Co. announced that the design and construction works of phase one of Avenues Riyadh will be awarded to Nesma and Partners Contracting Co at a value of SAR 6.15 billion. The deal was facilitated through Shomoul Holding Company, a …
Real estate
Developers report $174.7m profits in 6M
21 August 2019 07:41 PM Kuwaiti developers’ profits nearly halve in Q2-19
By: Mohammad Farouk Mubasher: The profits of 34 Boursa Kuwait-listed real estate companies dropped 40.8% year-on-year to KWD 14.34 million ($47.3 million) during the second quarter of 2019. In the first six months of 2019, the real estate …
Financial Results
Total operating revenues of the company grew by 18.1% in H1-19
24 July 2019 04:49 PM Mabanee records KWD 14m profit in Q2-19
Mubasher: Mabanee Co. achieved an 11.5% year-on-year increase in the second quarter of 2019, Boursa Kuwait disclosed on Wednesday. The profits amounted to KWD 14.05 million ($46.27 million) in Q2-19, compared to KWD 12.59 million ($41.46 million) …
Financial Results
Hotels including shopping centres register a higher occupancy rate of 25%
22 May 2019 09:43 AM Mabanee seeks to involve shopping centres in hotels – CEO
Mubasher: Mabanee Co. is seeking to step up shopping centre business, along with developing the company’s business in the hospitality sector by involving shopping malls, the CEO of the Kuwait-based real estate firm said. Hotels including shopping …
Management Decisions
Earnings levelled up 13.1% from January to March
28 April 2019 04:25 PM Mabanee logs KWD 13.76m profits in Q1
Mubasher: Mabanee Co. has announced a 13.1% year-on-year rise in profits during the first quarter of 2019. Profits amounted to KWD 13.76 million ($45.3 million) in Q1-19, up from KWD 12.17 million ($40.1 million) during Q1-18, according to a …
Real estate
Mabanee previously inked a preliminary agreement worth SAR 5.1 billion with nine GCC banks
24 April 2019 03:10 PM Mabanee’s unit, Saudi fund ink SAR 500m deal to finance The Avenues Riyadh
Mubasher: Mabanee Co. said its 60% subsidiary Shomoul Holding Ltd has signed a SAR 500 million ($133.4 million) agreement with the Project Support Fund, which is affiliated to the kingdom’s finance ministry, to finance The Avenues project in …
Companies Investments
The FY18 dividends will be distributed on 24 April
26 March 2019 11:02 AM Mabanee to pay 18% dividend, bonus for FY18
Mubasher: The ordinary general meeting (OGM) of Mabanee Co. approved the board’s recommendation to distribute cash dividend and bonus share for fiscal year 2018, according to a recent bourse disclosure. The shareholders agreed to distribute 12% of …
Financial Results
Shomoul is a joint venture between Mabanee, Al Fozan Group, and Alshaya Group
5 March 2019 11:21 AM Mabanee’s unit inks deal with Hilton to develop hotels in Saudi Arabia
Mubasher: Mabanee Co announced that its subsidiary Shomoul Holding has signed an agreement with Hilton Hotels & Resorts to develop and operate four hotels in Saudi Arabia, according to a bourse disclosure on Tuesday. Hilton will operate and …
Companies Investments
Mabanee closed Monday’s session 0.33% lower at 608 fils
5 November 2018 04:08 PM Mabanee Q3 profits grow to KWD 14m
Mubasher: Mabanee Co achieved an increase of 19.1% in profits during the third quarter of 2018 compared to the same quarter last year. Earnings grew to KWD 14.46 million ($47.8 million) in Q3-18 compared to KWD 12.14 million ($40.1 million) in …
Real estate
50% of the required capital has been already spent
31 July 2018 00:39 PM Kuwait's Mabanee says SAR 10bn capex for The Avenues - Riyadh
Mubasher: Mabanee Co is currently studying the offers proposed from contractors for The Avenues - Riyadh project in Saudi Arabia, the company's deputy CEO Tareq Al Adsani said. Al Adsani expected the opening of The Avenues - Riyadh to be in the …
Real estate
The Kuwaiti company will build two projects in Saudi Arabia
6 May 2018 00:30 PM Mabanee to expand The Avenues in GCC – CEO
Mubasher: Mabanee Co has played an important role in the real estate sector in Kuwait since 1964, company CEO Waleed Al Shareaan said in a press conference on Thursday. Mabanee’s business represents one-third of the overall market value of the …
Companies Investments
Mabanee attributed the slight increase in profits to a decrease in financing costs.
1 May 2018 10:19 AM Mabanee’s profit grows to KWD 12.17m in Q1
Mubasher: Mabanee Co posted a 0.91% year-on-year hike in its profits for the first quarter of 2018. The firm’s profits amounted to KWD 12.17 million ($40.44 million) in the three-month period ended March 2018, compared to KWD 12.06 million ($40.08 …
Financial Results
This $2 billion (KWD 600 million) project is owned by Mabanee Co.
4 April 2018 03:34 PM Kuwait’s $2bn The Avenues Mall opens
Mubasher: The fourth and final phase of The Avenues Mall in Kuwait has been opened in Kuwait. This $2 billion (KWD 600 million) project is owned by the Boursa-Kuwait listed Mabanee Co., which has collaborated with consultants Pace and Gensler on …
Macroeconomics
Mabanee will distribute 5% of the capital as bonus shares
26 March 2018 04:12 PM Mabanee to pay 10 fils/shr dividends for FY17; capital hike approved
Mubasher: The ordinary general meeting (OGM) of Mabanee Co has approved the board’s recommendation to distribute 10% of the capital as a cash dividend for fiscal year 2017. Mabanee will pay 10 fils per share as dividends for FY17, at a total value …
Financial Results
Opening The Avenues mall will be under the patronage of Kuwait’s prime minister
22 March 2018 02:04 PM Mabanee’s The Avenues opens on Thursday
Mubasher: Mabanee Co announced that the launching of The Avenues Kuwait – Phase IV will be on Thursday, 22 March 2018. Opening The Avenues mall will be under the patronage of Kuwait’s prime minister Jaber Al Mubarak Al Hamad Al Sabah, and a number …
Companies Investments
Mabanee’s ownership in this project stands at 65%
18 February 2018 00:59 PM Mabanee Co inks deal to build commercial complex in UAE
Mubasher: Mabanee Co has signed an agreement with Sharjah Investment & Development Authority in the UAE to build a commercial complex on a land space of 65,000 square metres. Mabanee’s ownership in this project stands at 65%, while the Development …
Companies Investments
Mabanee stock started Thursday's session 0.66% lower at 755 fils
8 February 2018 10:14 AM Mabanee records higher profits in FY17; dividends proposed
Mubasher: Mabanee Co posted a decline of 1.6% in profits to KWD 12.45 million ($41.6 million) during the fourth quarter of 2017 compared to KWD 12.26 million ($41 million) in the same period a year ago. During the 2017 fiscal year, …
Cash Dividends
Photo Archive
8 November 2017 05:57 PM Mabanee Q3 profits down 1.6%
Mubasher: Mabanee Company reported a decline in profits in the third quarter of 2017 by 1.6% year-on-year, as shown by the company’s financial statements. Profits reached KWD 12.1 million ($39.9 million) in Q3-17, compared to around KWD 12.3 …
Financial Results
No essential financial impact will affect FY17 financials
22 October 2017 05:21 PM Mabanee to launch project in Bahrain late October
Mubasher: Mabanee Co has scheduled 28 October to launch The Avenues Complex in Manama, Bahrain. The Kuwaiti company clarified that its 100%-owned subsidiary Mabanee Bahrain acquires 35% in The Avenues project, according to a bourse statement …
Companies Investments