Manazel Holding (MANAZEL`R)

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News

30 August 2022 04:12 PM Manazel’s unit reaches deal to exchange investment in Egypt

Mubasher: Kuwait’s Manazel Holding announced that its indirect subsidiary in Egypt, Manazel Real Estate Developments, has reached an agreement with Landmark for Real Estate Development (LMD) to exchange its investment in Zoya project in North …

Companies Investments

16 August 2020 01:07 PM Manazel turns to losses in H1-20

Abu Dhabi – Mubasher: Manazel has registered net losses attributable to the ordinary equity holders of AED 98.89 million in the January-June period of 2020, versus AED 136.92 million in the corresponding period of 2019. The company …

Financial Results

14 November 2019 03:53 PM Manazel Holding’s loss shrinks in Q3-19

Mubasher: Manazel Holding has reported a 77% year-on-year loss decline during the third quarter of 2019. The company’s loss dropped to KWD 42,770 ($141,090) in Q3-19, compared to KWD 187,360 ($618,090) in the year-ago period, according to a bourse …

Financial Results

7 August 2019 03:44 PM Manazel Holding’s loss goes up over 10% YoY in Q2-19

Mubasher: Manazel Holding has reported a 10.6% year-on-year loss increase during the second quarter of 2019, recording KWD 402,700 ($1.33 million). The Boursa Kuwait-listed company’s loss surged 42.7% to KWD 662,110 in the first six months of …

Financial Results

4 July 2019 04:53 PM Manazel Holding’s unit inks $7.5m deal with Egyptian developer

Mubasher: Manazel Holding on Thursday announced that its Egyptian unit, Manazel for Real Estate Development, had signed KWD 2.284 million ($7.53 million) partnership agreement with Landmark Real Estate. Under the agreement, Manazel's unit will …

Company News

28 May 2019 01:35 PM Manazel Holding Q1 losses deepen 160%

Mubasher: Manazel Holding reported an increase of 159.8% in losses during the first quarter of 2019 compared to the same period last year. Losses enlarged to about KWD 259,410 in Q1-19 from nearly KWD 99,870 in Q1-18, according to a bourse …

Financial Results

27 August 2018 02:38 PM Kuwait’s Manazel unit in Egypt inks deal with Sabbour firm

Mubasher: Manazel Holding announced that its subsidiary in Egypt, Manazel for Real Estate Development – Egypt, has signed a contract with Land Mark Real Estate Development which is one of the companies owned to Sabbour Family. The Kuwaiti company …

Real estate

16 July 2018 00:24 PM Manazel seen most active on Boursa Kuwait Monday

Mubasher: The stock of Manazel Holding registered the most active trades by 11:53 am Kuwait time on Monday. Nearly 13 million shares of Manazel were exchanged through 238 transactions at a value of about KWD 459,700. The stock recorded its second …

Trading Activities

14 March 2018 03:28 PM Manazel Holding incurs losses in Q4, FY17

Mubasher: Manazel Holding has suffered a loss of about KWD 230,100 ($768,000) in the fourth quarter of 2017 against profits worth KWD 1.71 million ($5.7 million) in the same quarter a year ago. During fiscal year 2017, the Boursa Kuwait-listed …

Financial Results

14 May 2017 02:32 PM Manazel narrows losses in Q1

Kuwait - Mubasher: Manazel Holding posted a decline in losses by 40.4% in the first quarter of 2017, according to a bourse filing. The company said in a statement to Boursa Kuwait on Sunday that losses decreased to KWD 207,210 in Q1-17 from KWD …

Financial Results

9 April 2017 01:34 PM Manazel Holding unit buys 99.8% stake in firm

Mubasher: Manazel Developments, a subsidiary of Manazel Holding, has purchased 99.8% stake in an unlisted company for KWD 10.9 million. The subsidiary has bought 199.6 million shares in the unlisted firm, according to a bourse statement issued on …

Mergers and Acquisitions

6 April 2017 11:49 AM Manazel unit in talks to acquire firm

Mubasher: Manazel Holding's subsidiary, Manazel Developments, is currently in negotiations to purchase an unlisted company, according to a bourse statement issued on Thursday. The company has not disclosed further details about the deal.  

Mergers and Acquisitions

23 March 2017 02:44 PM Manazel Q4 financials turn profitable

Mubasher: Manazel Holding achieved a profit of KWD 1.71 million ($5.6 million) in profits during the fourth quarter of 2016 against a loss of about KWD 102,720 ($336,410) in the same period of 2015, according to a bourse filing issued on Thursday. …

Financial Results

21 March 2017 01:52 PM Manazel unit inks deal with Egypt’s Land Mark

Mubasher: The Boursa Kuwait-listed Manazel Holding said that its subsidiary, Manazel for Real Estate Development – Egypt, has signed a development partnership agreement with Egypt's Land Mark Real Estate Development. Manazel clarified that Land …

Companies Investments

11 January 2017 11:47 AM Manazel Holding unit sells KWD 2.96m property

Kuwait – Mubasher: Manazel Holding said that its subsidiary, Manazel developments, completed the procedures required for transferring the ownership of a land plot in Al Dajeej area in Kuwait to a buyer. Manazel has received the overall sale value …

Companies Investments

9 January 2017 02:31 PM Manazel completes selling 2 properties in Al-Dajeej

Kuwait - Mubasher: Manazel Holding Company said on Monday that its subsidiary Manazel Developments has finished the transfer of ownership of two lots in Al Dajeej area. According to the company’s statement to the Kuwait Stock Exchange (KSE), it …

Companies Investments

29 December 2016 09:06 AM Manazel Holding unit inks KWD 2.96m deal

Kuwait – Mubasher: Manazel Developments, a 99.9%-owned subsidiary by Manazel Holding, has signed KWD 2.96 million worth preliminary contract for selling a land plot in Al-Dajeej, Kuwait. According to a bourse statement issued on Thursday, Manazel …

Companies Investments

28 December 2016 02:22 PM Manazel Holding unit inks KWD 6.36m sale deal

Kuwait – Mubasher: Manazel Holding said that its subsidiary, Manazel Developments, has signed a preliminary agreement to sell two land plots in Al-Dajeej, Kuwait. The contract is worth KWD 6.36 million, the company said in a bourse statement …

Companies Investments

29 November 2016 03:22 PM Manazel Holding unit ends KWD 2.5m property deal

Kuwait – Mubasher: Manazel Holding said that its subsidiary, Manazel Developments, will end the duration of the real estate initial sale contract which was signed with a local bank on 30 November, 2014. The contract has a value standing at KWD …

Corporate Actions

10 November 2016 05:01 PM Kuwaiti firms comment on EGP float impact

Kuwait – Mubasher: After the Central Bank of Egypt decided to float the local currency, a number of Kuwaiti firms has been announcing the financial impact from taking this step. The recent Kuwaiti companies which recently commented on this …

Macroeconomics

9 November 2016 02:48 PM Kuwait’s Manazel posts Q3 losses on zero sales

Kuwait – Mubasher: Manazel Holding registered losses in the third quarter of 2016 against earnings achieved in the same quarter a year ago. Losses reached nearly KWD 197,880 ($652,700) in Q3-16 versus a profit of approximately KWD 161,200 …

Financial Results

9 November 2016 10:25 AM Four Kuwaiti firms to discuss financials Wednesday

Kuwait – Mubasher: Four Kuwaiti companies listed on Kuwait Stock Exchange (KSE) will disclose their financial statements for the period ended 30 September, 2016. The companies are Manazel Holding, Kuwait Reinsurance, Salhia Real Estate, and Mezzan …

Financial Results

7 November 2016 03:59 PM Manazel unit inks $77.2m deal in Egypt

Kuwait – Mubasher: Manazel Holding said that its subsidiary Manazel Misr For Real Estate Development has signed an investment contract in Egypt. The contract is inked with an Egyptian real estate firm, as EGP 1.2 billion ($77.2 million) will be …

Companies Investments

2 November 2016 01:56 PM Manazel, Ikarus to discuss financials early November

Kuwait – Mubasher: Manazel Holding will hold its board meeting on Wednesday, 9 November, to discuss the financial statements for the third quarter ended 30 September, 2016, according to a bourse statement issued Wednesday. In the second quarter, …

Event

8 September 2016 10:36 AM Manazel Holding unit to establish real estate project in Egypt

Kuwait – Mubasher: Kuwaiti listed Manazel Holding said one of its units has submitted an offer to enter a venture with a reputable Egyptian real estate developer to establish real estate project. The project is located in East Cairo across 100 …

Companies Investments