Munshaat Real Estate Projects Co K.S.C.P (MUNSHAAT)

Mubasher: Munshaat Real Estate Projects Co. turned profitable during fiscal year (FY) 2019, registering a net profit of KWD 873,033, versus losses worth KWD 28.23 million in 2018. The annual results are owed to higher operating profit and lower …

Mubasher: Munshaat Real Estate Projects Co. has turned to profitability in the third quarter of the fiscal year 2019. The company recorded a net profit of KWD 1.31 million ($4.33 million) in Q3-19, according to a bourse statement released on …

Mubasher: Munshaat Real Estate Projects Co announced that its fully owned subsidiary in Saudi Arabia, Munshaat for Projects and Contracting Co, has received a notification letter from competent authorities in KSA of a 25% reduction in the annual …

Mubasher: Munshaat Real Estate Projects Co, listed on Boursa Kuwait, on Tuesday revealed it has turned to profits during the second quarter of 2019. Profits amounted to KWD 145,000 ($477,980) in Q2-19, against losses of KWD 399,000 ($1.32 million) …

Mubasher: Munshaat Real Estate Projects Co. reported an 8.8% year-on-year decrease in losses in the first quarter of 2019. Munshaat’s losses amounted to KWD 1.45 million ($4.78 million) in Q1-19, down from KWD 1.59 million ($5.25 million) in …

Mubasher: Munshaat Real Estate Projects on Monday said that losses increased by 504.7% year-on-year during the fourth quarter of 2018. Munshaat’s losses hit KWD 23.16 million ($76.4 million) in Q4-18, up from KWD 3.83 million ($12.6 million) …

Mubasher: Sokouk Holding Company and Munshaat Real Estate Projects on Wednesday negated social media reports regarding a merger between the two companies. Sokouk and Munshaat affirmed in separate disclosures to Boursa Kuwait that the news about …

Mubasher: The ordinary general meeting (OGM) of Kuwait’s Munshaat Real Estate Projects has approved the tax settlement with the Saudi General Authority of Zakat and Tax (GAZT). The taxes and claims by the Saudi GAZT were reduced to SAR 411 million …

Mubasher: Munshaat Real Estate Projects announced that its board members approved on Wednesday the report proposed by the external advisor regarding distributing the amount realised from the settlement with the Saudi General Authority of Zakat and …

Mubasher: Munshaat Real Estate Projects announced that its board members have recommended to the ordinary general meeting (OGM) settling a claim by Saudi Arabia’s General Authority of Zakat and Tax (GAZT). Saudi GAZT has claimed SAR 1.9 billion …

Mubasher: Munshaat Real Estate Projects registered an increase of 50% in losses during the first quarter of 2018 compared to the same period in 2017. Losses deepened to KWD 1.59 million ($5.28 million) in Q1-18 from KWD 1.06 million ($3.52 …

Mubasher: Munshaat Real Estate Projects reported a decline of 23.8% in losses during the fourth quarter of 2017 compared to the same period a year ago. Losses shrank to KWD 3.84 million ($12.83 million) in Q4-17 from KWD 5.04 million ($16.84 …

Mubasher: Sokouk Holding Company clarified that raising Munshaat Real Estate Projects’ reserve provisions by KWD 5 million will affect the income statements of Sokouk with a decline of KWD 1.38 million in the fourth quarter of 2017. It is worth …

Mubasher: Munshaat Real Estate Projects clarified that negotiations are still ongoing with the General Authority of Zakat and Tax (GAZT) in Saudi Arabia over the authority’s claims to get a repayment from Kuwait’s Munshaat. However, a final …

Kuwait - Mubasher: Sokouk Holding Company announced its auditor has noted that it is not possible to accurately evaluate the financial effect of the usufruct contract extension for the "Dar al-Qibla" project in Medina. The company said in a …

Mubasher: Sokouk Holding Company clarified that a financial impact worth KWD 5.5 million will be realised from signing a contract by Munshaat Real Estate Projects’ subsidiary, Munshaat for Projects and Contracting Co, to renew the usufruct rights …

Mubasher: Munshaat Real Estate Projects said that the shareholders’ equity rights are expected to increase by KWD 20 million ($66.33 million) after its fully owned subsidiary in Saudi Arabia, Munshaat for Projects and Contracting Co, extended the …

Mubasher: Munshaat Real Estate Projects said that its fully owned subsidiary in Saudi Arabia, Munshaat for Projects and Contracting Co, has renewed the usufruct rights contract for Dar Al Qiblah project. The contract’s duration has been extended …

Mubasher: Sokouk Holding Company disclosed that it owns indirect investments of 34 units in ZamZam Pullman Medina Hotel and Dar Al Qiblah tower in Saudi Arabia. It is worth noting that Sokouk owns a stake of 27.67% of Munshaat Real Estate …

Mubasher: The chairman of Munshaat Real Estate Projects, listed on Boursa Kuwait, announced that the company’s investments in the Saudi market exceeded KWD 100 million ($332 million). The company is trying to establish partnerships with local and …

Mubasher: Munshaat Real Estate Projects posted a drop of 80.3% in losses during the second quarter of 2017 compared to the same quarter a year ago. The losses shrank to KWD 240,000 ($792,140) in Q2-17 from KWD 1.22 million ($4.03 million) in …

Kuwait – Mubasher: Munshaat Real Estate Projects posted a decrease of 28.9% in losses during the first quarter of 2017, compared to the same period in 2016. The company suffered a loss of KWD 1.06 million ($3.48 million) in Q1-17, lower than KWD …

Kuwait – Mubasher: Munshaat Real Estate Projects entered advanced negotiations with Al Madinah Al Munawarah Development Authority to extend the usufruct of Dar Al Qiblah project and Hotel Pullman Zamzam Madina. The extension will have a crucial …

Kuwait - Mubasher: Munshaat Real Estate Projects Company’s losses increased by 32.6% in the fourth quarter of 2016 compared to the same period in 2015. Losses of Q4-16 reached KWD 5.05 million ($16.5million), compared to KWD 3.81 million ($ …

Kuwait – Mubasher: Munshaat Real Estate Projects Company posted on Monday a net loss of KWD 222,610 ($733,770) for the third quarter of fiscal 2016, against a net profit of KWD 2.38 million ($7.85 million) for Q3-15. In the first nine months of …