Marakez Real Estate Development (MARAKEZ`R)

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News

20 April 2020 10:40 AM Kuwait’s CMA resumes trading on 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 …

Trading Activities

26 January 2020 03:12 PM Marakez receives $21m offer to exit stake in Syria’s Antaradus

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 …

Real estate

1 August 2019 11:53 AM Marakez’s losses widen 37% in Q2-19

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 …

Real estate

30 May 2019 11:14 AM Marakez shareholders nod to capital hike

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 …

General Assembly

31 March 2019 00:35 PM Marakez’s profit falls 11% in 2018

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 …

Financial Results

12 December 2018 05:32 PM CMA nods to Marakez capital hike

Global Markets brief

13 November 2018 01:18 PM Marakez Q3 losses deepen 2%

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 …

Financial Results

25 September 2018 05:18 PM Marakez board approves capital hike

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 …

General Assembly

12 November 2017 11:30 AM Kuwait’s Marakez losses near stable in Q3

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, …

Financial Results

16 April 2017 11:36 AM Marakez stock hits highest level in 38M

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 …

Stock Evaluations

7 March 2017 09:52 AM Marakez Q4 profits fall 11.3%

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, …

Financial Results

13 November 2016 11:30 AM Marakez Q3 losses shrink 9.8%

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 …

Financial Results

8 August 2016 03:32 PM Marakez losses down 14% in Q2

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% …

Financial Results

16 June 2016 00:10 PM Marakez’s stock hits 5M-low Thursday

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 …

Trading Activities

15 February 2016 09:50 AM Marakez posts 45.5% decline in Q4 profits

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 …

Financial Results

1 November 2015 10:55 AM Kuwaiti developer Marakez trims Q3 losses by 16%

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 …

Financial Results

28 September 2015 01:41 PM Marakez approves 16.45% capital raise

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 …

General Assembly

28 September 2015 08:35 AM Marakez’s board to discuss capital hike today

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 …

General Assembly

13 September 2015 00:26 PM Marakez to resolve on capital hike late Sept

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 …

Corporate Actions

8 September 2015 09:17 AM Marakez to resolve on raising paid-up capital

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 …

General Assembly

23 March 2015 09:43 AM Marakez earnings up on Dashti’s stake – Financial Manager

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 …

Financial Results

22 March 2015 09:26 AM Marakez posts profits in FY14

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 …

Financial Results

5 November 2014 02:57 PM Marakez purchases land plot in KSA worth of $10m

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 …

Company News

17 September 2014 01:31 PM Kuwait's Marakez unit sells complex in US for $6 million

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 …

Company News

13 August 2014 10:33 AM Marakez loss narrows to KWD 64 THD in H1

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 …

Company News