Munshaat Real Estate Projects Co K.S.C.P (MUNSHAAT) News - Mubasher Info
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23 June 06:24 PM

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

Last update: 01:09 PM market time.
219.00
47.00
27.33%
Open 222.00
Previous Close 172.00
High 222.00
Low 217.00
Stock Statistics
Volume 607,874
Turnover 133,277.67
All data are 15 minutes late during market session

News

The company achieved profits of KWD 869,386 in Q4
10 May 2020 10:29 AM Munshaat Real Estate swings to profits in 2019
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 …
Financial Results
Munshaat turned to profit in 9M/19
7 November 2019 09:16 PM Munshaat Real Estate shifts to profit in Q3-19
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 …
Real estate
Munashaat suffered losses worth KWD 1.3 million in H1-19
21 August 2019 04:57 PM Kuwaiti Munshaat’s subsidiary receives 25% rental cut in KSA
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 …
Real estate
Munshaat trimmed its losses by 34.7% YoY in H1
6 August 2019 11:03 AM Munshaat turns profitable in Q2
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) …
Real estate
Munshaat’s losses amounted to KWD 1.45 million in Q1-19
13 May 2019 00:40 PM Munshaat cuts Q1 losses by 9%
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 …
Financial Results
Munshaat’s losses deepened to KWD 28m in FY18
25 March 2019 11:02 AM Munshaat’s losses deepen 505% to KWD 23m in Q4
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) …
Real estate
Sokouk Holding Company and Munshaat Real Estate Projects on Wednesday negated social media reports regarding a merger between the two companies.
23 January 2019 11:45 AM Kuwait’s Sokouk, Munshaat deny merger reports
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 …
Mergers and Acquisitions
The tax claims will be for the three-year period from 2014 to 2017
22 October 2018 00:52 PM Kuwait’s Munshaat tax claim reduced to SAR 411m
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 …
Companies Investments
Boursa Kuwait has resumed trading on Munshaat stock
18 October 2018 00:33 PM Kuwait’s Munshaat approves settlement with Saudi GAZT
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 …
Companies Investments
Trading on Munshaat in Boursa Kuwait is still suspended
25 September 2018 02:20 PM Kuwait’s Munshaat to settle SAR 1.9bn tax claim by Saudi Zakat
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 …
Taxes
Losses deepened to KWD 1.59 million ($5.28 million) in Q1-18
8 May 2018 10:32 AM Munshaat incurs higher losses in Q1
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 …
Real estate
Losses shrank to KWD 3.84 million ($12.83 million) in Q4-17
7 February 2018 09:34 AM Munshaat FY17 financials turn profitable
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 …
Financial Results
This KWD 1.38 million amount is subject to the external auditing
27 December 2017 04:06 PM Sokouk: Munshaat’s provision to impact Q4 financials
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 …
Companies Investments
A final agreement has not been reached yet with GAZT
27 December 2017 01:19 PM Kuwait’s Munshaat still in talks with Saudi Zakat
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 …
Taxes
Sokouk owns a stake of 27.67% of Munshaat Real Estate Projects
10 October 2017 06:08 PM Dar Al-Qibla’s financial effect yet to be pinpointed - Sokouk
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 …
Companies Investments
Sokouk owners a stake of 27.67% in Munshaat
5 October 2017 01:45 PM Sokouk to obtain KWD 5.5m on Dar Al Qiblah contract renewal
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 …
Companies Investments
The contract was renewed for 25 Hijri years
5 October 2017 11:15 AM Munshaat equity rights seen higher on Dar Al Qiblah deal renewal
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 …
Companies Investments
A positive financial impact is expected to affect the company’s assets
3 October 2017 00:36 PM Munshaat subsidiary extends Saudi Dar Al Qiblah usufruct rights
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 …
Companies Investments
Sokouk owns a stake of 27.67% of Munshaat Real Estate Projects’ capital
3 October 2017 00:01 PM Sokouk owns 34 units in ZamZam Pullman, Dar Al Qiblah
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 …
Company News
The company is trying to establish partnerships with local and regional players
24 August 2017 02:25 PM Munshaat invests $332m in KSA
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 …
Companies Investments
The losses shrank to KWD 240,000 ($792,140) in Q2-17
27 July 2017 00:20 PM Munshaat Real Estate Q2 losses narrow 80.3%
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 …
Financial Results
Photo Credit: Arabianeye-Reuters
9 May 2017 08:08 AM Munshaat Q1 losses decline 28.9%
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 …
Financial Results
(Photo Credit: Company website)
5 April 2017 11:30 AM Munshaat in talks over extension of Saudi projects' usufruct
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 …
Companies Investments
(Photo Credit: Arabianeye-Reuters)
16 March 2017 05:51 PM Munshaat losses deepen 33% in Q4
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 ($16.5million), compared to KWD 3.81 million ($ …
Financial Results
(Photo credit: Munshaat)
24 October 2016 03:28 PM Munshaat turns to losses in Q3
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 …
Financial Results