Mena Real Estate (MENA)

Mubasher: The board of Mena Real Estate reached a preliminary approval on the offer submitted by its subsidiary Rasmal Holding Company to purchase some of the first’s assets and investments worth KWD 10.25 million.      The transaction’s material …

Mubasher: Kuwait Finance and Investment (KFIC) has sold 13.26 million of its shares in Mena Real Estate. The deal was concluded on Tuesday, 31 December 2019, Mena Real Estate said in a bourse statement on Sunday.   In November, the target of …

Mubasher: Mena Real Estate has announced that it exited KWD 242,430 investments, according to a bourse statement released on Tuesday. The exiting transaction has no impact on consolidated income or total shareholder equity, Mena added. It is worth …

Mubasher: Mena Real Estate announced that its subsidiary Rasmal Holding Co has sold its full equity in an investment in Yemen. Net profit from this exit is estimated at about KWD 60,190 of which nearly KWD 47,180 will be allocated as a profit to …

Mubasher: Mena Real Estate has achieved profits during the first nine months ended on 31 December 2018 against a loss in the corresponding period in 2017. Earnings stood at KWD 2.4 million ($1 million) in 9M ended on 31 December 2018 versus a loss …

Mubasher: Boursa Kuwait on Sunday announced that Mena Real Estate's stock would resume trading as of Sunday, 11 November. Trading will resume after Mena Real Estate completed its capital cut procedures, the bourse explained. In late October, Mena …

Mubasher: Mena Real Estate announced the completion of the procedures required for reducing the capital to KWD 13.7 million. The company is currently working on allocating 54.57 million shares to the shareholders of Rasmal Holding Co in return for …

Mubasher: Mena Real Estate will hold its ordinary general meeting (OGM) on Monday, 22 October, to consider the board’s recommendation of reducing the capital by about KWD 138,700 that represents the unsubscribed shares by the shareholders of …

Mubasher: Mena Real Estate’s stock plunged 3.12% to 24.8 fils after resuming trading during Monday’s early trades. Last week, Boursa Kuwait announced the suspension of trading on Mena’s stock starting from Wednesday, 12 September until Sunday, 16 …

Mubasher: Boursa Kuwait announced the suspension of trading on Mena Real Estate’s stock starting from Wednesday, 12 September, until Sunday, 16 September. The suspension of trading on Mena’s stock came as a result of the ordinary general meeting’s …

Mubasher: Mena Real Estate announced that it operates one company in Turkey in the real estate development sector. Adamena Real Estate Development has total investments of $3.2 million that represents 9% of the shareholders’ equity rights, …

Mubasher: The ordinary general meeting (OGM) of Mena Real Estate approved shrinking its capital by KWD 1.46 million which represents the value of the unsubscribed shares by the shareholders of Rasmal Holding Co. Mena Real Estate will reduce the …

Mubasher: Mena Real Estate registered an increase of 249.2% in losses during the fiscal year that ended on 31 March when compared to the same period a year ago, according to a bourse statement on Sunday. Losses deepened to about KWD 731,780 ($2.42 …

Mubasher: The board members of Mena Real Estate approved to extend the rights issue period for another two weeks. The duration previously scheduled for offering shares to raise the capital was supposed to end on 1 May 2018, according to a bourse …

Mubasher: Mena Real Estate reported a decline of 14.9% in losses during the third quarter that ended on 31 December 2017 compared to the same period in the prior year. Losses decreased to approximately KWD 88,900 ($269,300) in Q3-17 from nearly …

Mubasher: Mena Real Estate said that its extraordinary general meeting (EGM) on Wednesday approved the board’s recommendation to raise capital by 85.5% to KWD 8.25 million from KWD 15.3 million. Increasing the capital by KWD 7.05 was distributed …

Mubasher: Mena Real Estate will hold its extraordinary general meeting (EGM) on Wednesday, 10 January 2018, to discuss the board’s recommendation of raising the capital by approximately KWD 7.05 million. The Kuwaiti company will increase its …

Kuwait - Mubasher: The extraordinary general meeting (EGM) of Mena Real Estate has approved reducing the company’s capital by KWD 11.4 million, from KWD 19.65 million to KWD 8.25 million, according to a bourse filing. The company said in a …

Kuwait – Mubasher: The board of MENA Real Estate Company approved the company stock evaluation reports, as well as Rasmal Holding Co’s, including the reports on raising MENA’s capital and assets in case of acquiring 100% of Rasmal’s shares. MENA …

Mubasher: Mena Real Estate said that the board meeting on 2 March showed primary intention to acquire Rasmal Holding Co, according to a bourse statement issued on Sunday. The acquisition will be in return for raising Mena’s capital through new …

Kuwait – Mubasher: Mena Real Estate registered a drop of 73.3% during the second quarter of 2016 as compared to the same period in 2015. Net profit reached about KWD 44,990 ($148,040) in Q2-16, compared with approximately KWD 168,540 ($554,590) in …

Kuwait – Mubasher: National Petroleum Services (Napesco) will hold its board meeting on Sunday, 13 November, to discuss the financial statement of the period ended 30 September, 2016. In the second quarter of 2016, profits reached KWD 2.35 million …

Kuwait – Mubasher: Mena Real Estate suffered losses worth nearly KWD 57,134 ($188,890) in the first quarter of 2016 against profits worth nearly KWD 194,720 ($643,760) in the same quarter of the prior year. The negative turn in Q1 financial …

Kuwait – Mubasher: Mena Real Estate has sold its entire stake in an investment worth about KWD 209,250, according to a bourse statement. A profit worth nearly KWD 116,250 will be generated from the exit deal to be registered in the Q2 financial …

  Kuwait – Mubasher: Kuwait – Mubasher: Mena Real Estate on Tuesday denied news published by Al Qabas newspaper that it had merged with Kuwait-based Rasmal Holding Co. Mena has not contacted the Kuwaiti Capital Market Authority (CMA) at all …