Real Estate Trade Centers (MARAKEZ)

Mubasher: The Board of Commissioners of the Capital Markets Authority (CMA) approved on Sunday, 19 April, to resume trading on the stock of Real Estate Trade Centers (Marakez) on Boursa Kuwait. Meanwhile, the CMA will continue examining the …

Mubasher: Real Estate Trade Centers (Marakez) has received an offer to sell its stake in Syria’s Antaradus for Touristic Development Company at a value of $21 million.  Marakez’s stake in the Syrian firm represents 10%, according to a bourse …

Mubasher: The financial statements of the Real Estate Trade Centers Co. (Marakez) suffered a loss of around KWD 36,950 ($121,720) during the second quarter of 2019, a 37.1% year-on-year increase in losses from nearly KWD 28,190 ($92,870). In the …

Mubasher: The shareholders of Real Estate Trade Centers (Marakez) agreed to raise the capital by 4%. During both the ordinary and extraordinary general meetings of Marakez, the shareholders agreed to increase the capital by KWD 550,000 to KWD 14 …

Mubasher: Kuwait’s Real Estate Trade Centers (Marakez) on Sunday reported a 0.15% year-on-year growth in profits in the fourth quarter of 2018. Marakez’ profits amounted to KWD 100,880 ($332,300) in Q4-18, up from KWD 100,730 ($331,810) during …

Mubasher: Real Estate Trade Centers (Marakez) incurred a year-on-year increase of 2.3% in losses to about KWD 27,270 ($89,810) in the third quarter of 2018 compared to nearly KWD 26,650 ($87,770) in the same period a year ago. During the …

Mubasher: The board members of Real Estate Trade Centers (Marakez) approved the proposals requests by debtors to increase the capital by canceling the amount from the debtors’ account. Marakez board approved canceling a total of KWD 550,000 as …

Mubasher: Real Estate Trade Centers (Marakez) on Sunday posted a slight decline in losses by 0.3% in the third quarter of 2017. Marakez’s losses amounted to KWD 26,650 ($88,240) in Q3-17 versus KWD 26,580 ($88,010) in the same period last year, …

Mubasher: The stock of Real Estate Trade Centers (Marakez) rose 10% to reach 55 fils; the highest level in 38 months. By 11:30 am Kuwait time, the stock saw 100 transactions that included 2.3 million traded shares, with a turnover of nearly KWD …

Mubasher: Real Estate Trade Centers (Marakez) posted a decline of 11.3% in profits to total about KWD 101,910 ($332,850) during the fourth quarter of 2016 from around KWD 114,870 ($375,180) in the same period of 2015. During the fiscal year, …

Kuwait – Mubasher: Real Estate Trade Centers (Marakez) recorded a decrease of 9.8% in profits during the third quarter of 2016 as compared to the same period a year ago. Losses stood at nearly KWD 26,580 ($87,460) in Q3-16, compared with around …

Kuwait - Mubasher: Real Estate Trade Centers Co. (Marakez) reported a 14.3% decline in losses in the second quarter of 2016, to KWD 28,690 ($94,900), down from KWD 33,470 ($110,700) in the same period last year. Losses also decreased 13% …

Kuwait-Mubasher: Real Estate Trade Centers (MARAKEZ) dropped 11.9% to reach 18.5 fils by 11:50 am Kuwait time on Thursday, hitting its lowest level in five months. Marakez posted KWD 171 liquidity generated from about 9,150 shares that were traded …

Kuwait-Mubasher: The earnings of Real Estate Trade Centers (Marakez) plunged by 45.5% in the fourth quarter of 2015 as compared to the same quarter of 2014, according to a bourse filing. The company made profits of about KWD 115,000 ($383,200) in …

Kuwait-Mubasher: Real Estate Trade Centers (Marakez) reduced its third-quarter losses this year by 16% to KWD 29,400, down from KWD 35,100 in the same period of 2014, according to a bourse filing posted Sunday. Marakez also announced cutting its …

Kuwait-Mubasher: Real Estate Trade Centers (Marakez) agreed on increasing the paid-up capital by 16.45% or KWD 1.9 million to KWD 13.45 million from KWD 11.55 million, during the extraordinary general meeting held on Monday, as rescheduled. The …

Kuwait – Mubasher: Real Estate Trade Centres (Marakez) will convene its shareholders meeting on Monday, as rescheduled, to discuss approving a 16% increase of issued capital in a value of KWD 1.9 million. Kuwait-listed Marakez said the capital …

Kuwait-Mubasher: Real Estate Trade Centers (Marakez) will hold its – postponed – extraordinary general meeting on 28 September, to consider increasing the capital, the company said in a bourse filing. Marakez intends to raise its capital to KWD …

Kuwait-Mubasher: Real Estate Trade Centers (Marakez) will hold its extraordinary general meeting on Tuesday to discuss the possibility of increasing the paid-up capital to KWD 13.450 million from KWD 11.550 million, a rise of 16.45% or KWD 1.900 …

By: Mahmoud GamalThe Real Estate Trade Centers’ (Marakez) financial results in 2014 took a positive turn because the firm’s largest shareholder Abdul-Hamid Dashti gave part of its stake, totaling KWD 250,000, to the company, secretary and …

Real Estate Trade Centers Company (Marakez) posted a net profit of around KWD 110,600 ($369,000) in 2014, compared to losses worth about KWD 129,500 ($431,900) in 2013, for the fiscal year of 2014.Marakez recorded earnings worth about KWD 210,480 …

Real Estate Trade Centers - Marakez stated that one of its subsidiaries has concluded an agreement to purchase a land plot at Saudi Arabia worth of KWD3.16 million ($10.87 million).Meanwhile, Marakez posted KWD6.31 million ($21.7 …

Real Estate Trade Centers -Marakez said its, real investment arm ,MDI Capital LLC has sold a 99,500-square-foot industrial complex off of Interstate 10 for $6 million.Sources pointed out that the buyer is Calgary, Alberta-based Enright …

Real Estate Trade Centers -Marakez announced its interim financial statements for H1-FY14 which reflected KWD 64.625 thousands net loss, against KWD 65.590 thousands suffered in the corresponding period of previous year.On other …