Osoul Investment (OSOUL`R)

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News

6 May 2020 07:05 AM Osoul Investment approves 2019 dividends

Mubasher: Osoul Investment’s general assembly agreed to the proposed cash dividend distribution of 12 fils per share or 12% of the share’s nominal value for fiscal year (FY) 2019. The distributions will be matured to the shareholders registered on …

General Assembly

24 March 2020 00:19 PM Osoul Investment records 161% higher profit in FY19; dividends proposed

Mubasher: The net profit of Osoul Investment jumped by 161% year-on-year (YoY) in fiscal year (FY) 2019, recording KWD 1.83 million when compared to KWD 702,666 in 2018, the company's annual financial statements showed. The increase in annual …

General Assembly

24 December 2019 07:24 AM Osoul Investment’s unit to sell KWD 1.32m property in Hawally

Mubasher: Osoul House Real Estate, a 99%-owned subsidiary of Osoul Investment Company, signed on Sunday a KWD 1.32 million primary contract to sell a property in Hawally region in Kuwait. The buyer paid KWD 40,000 as down payment, according to a …

Company News

12 November 2019 10:20 AM Osoul Investment profits down 61% in Q3

Mubasher: Osoul Investment reported a 61.3% drop in profits in the third quarter (Q3) of the year, according to a bourse filing. Quarterly profits amounted to KWD 147,600 ($486,760) in Q3-19, down from KWD 381,440 ($1.26 million) in Q3-18. As for …

Financial Results

8 August 2019 08:59 AM Osoul Investment sees 74% rise in Q2-19 profits

Mubasher: Osoul Investment Company recorded a 74.4% year-on-year (YoY) increase in profits during the second quarter of 2019. Osoul posted profits of about KWD 498,000 ($1.64 million) during Q2-19, compared to nearly KWD 285,560 ($941.64 million) …

Financial Results

10 June 2019 10:24 AM Osoul Investment’s unit to sell KWD 3.5m property assets

Mubasher: Osoul Investment Company has said that its 99% subsidiary, Osoul House Real Estate, signed a contract to sell two properties in Salmiya region with a combined value of KWD 3.5 million. The buyer paid KWD 350,000 as a down payment to …

Companies Investments

23 May 2019 07:07 AM Osoul to offload unprofitable assets – CEO

Mubasher: Osoul Investment Company is seeking to offload unprofitable assets, the company’s CEO said. Osoul will pump the proceeds in income-generating projects, Suleiman Ahmed Al Omairi told the company’s general assembly held on Wednesday. Al …

Company News

27 March 2019 10:11 AM Osoul Investments reports 33% loss hike in Q4

Mubasher: Osoul Investment on Wednesday posted a 33.1% year-on-year increase in its losses during the fourth quarter in 2018. The company’s losses reached KWD 189,000 in Q4-18, up from KWD 142,000 ($468,800) during Q4-17, according to a bourse …

Financial Results

6 February 2019 07:43 AM Osoul Investment buys equity in Osos

Mubasher: Osoul Investment has purchased 119,000 shares in Osos Holding Group Co, according to a bourse stateman on Wednesday. The transaction was executed at a value of 101 fils per share or a total of KWD 12,020 through the chairman of Osos who …

Trading Activities

1 November 2018 11:40 AM Osoul acquires above 60,000 shrs in Osos

Mubasher: Osoul Investment announced that it has purchased an equity of nearly 62,340 shares in Osos Holding Group Co on Wednesday, according to a bourse filing on Thursday. Acquiring this stake was executed through the chairman of Osos that …

Companies Investments

23 October 2018 10:35 AM Osoul Investment inks initial deal to exit $5m asset

Mubasher: Osoul Investment has signed a preliminary contract to sell a residential unit in the US at a value of $5 million (KWD 1.52 million), according to a bourse disclosure on Tuesday. Signing the agreement was executed through the subsidiary …

Companies Investments

2 October 2018 01:03 PM Osoul generates profit from exiting investment in US

Mubasher: Osoul Investment announced that it recorded profits worth about $622,290 (KWD 188,300) from exiting an investment in the US. The investment has a total value of $3.62 million (KWD 1.1 million), according to a bourse disclosure on …

Companies Investments

19 July 2018 11:31 AM Osoul Investment raises equity in Osos Holding

Mubasher: Osoul Investment has purchased about 428,780 shares in Osos Holding Group Co for a total of KWD 36,640 on Wednesday, 18 July. Osoul bought this equity through Osos’ chairman who represents Osoul in the board of directors, according to a …

Trading Activities

21 May 2018 06:51 AM Osoul Investment to pay 6% dividends for FY17

Mubasher: The ordinary general meeting (OGM) of Osoul Investment approved the board’s recommendation to distribute 6% of the capital as cash dividends for fiscal year 2017. The Boursa Kuwait-listed company will pay 6 fils per share as dividends, …

Financial Results

6 March 2018 00:18 PM Osoul to sell $5.2m asset in U.S.

Mubasher: Osoul Investment has signed a preliminary contract, through a company that is fully owned by Osoul in the U.S., to sell residential units in the States for a total value of $5.2 million ($1.56 million). A profit worth KWD 55,000 is …

Companies Investments

30 July 2017 11:38 AM Osoul posts lower profits in Q2

Mubasher: Osoul Investment posted a decline of 20% in profits to about KWD 90,560 ($298,830) in the second quarter of 2017 compared to nearly KWD 113,220 ($373,600) in Q2-16. During the first six months this year, Osoul reported a drop of 29.9% in …

Financial Results

13 June 2017 10:56 AM Osoul invests $3m in US asset

Kuwait – Mubasher: Osoul Investment has entered a consortium of investors to purchase a warehouse in Phoenix, Arizona, USA. Osoul has participated with $3 million (KWD 910,000) in this investment, according to a bourse statement issued on Tuesday. …

Companies Investments

22 March 2017 07:34 AM Osoul Q4 losses narrow 51.9%

Mubasher: The losses of Osoul Investment shrank by 51.9% to total about KWD 171,880 ($562,620) during the fourth quarter of 2016 from nearly KWD 357,130 ($1.17 million) in the same period of 2015. During the fiscal year, the company achieved a …

Financial Results

20 November 2016 11:08 AM Osoul gets KWD 3m after Osos capital cut

Kuwait - Mubasher: Osoul Investment Company announced on Sunday that it has received KWD 3.3 million from Osos holding’s capital decrease, according to the company’s statement to the Kuwait Stock Exchange (KSE). Osoul Investment previously said …

Companies Investments

14 November 2016 07:38 AM Osoul suffers higher losses in Q3

Kuwait – Mubasher: Osoul Investment suffered a growth in losses by 54.5% during the third quarter of 2016 as compared to the same period a year ago. Losses reached about KWD 93,790 ($308,600) in Q3-16 when compared to around KWD 60,700 ($199,700) …

Financial Results

16 October 2016 11:53 AM Osoul appoints tax consultant in KSA to calculate imposed taxes

Kuwait – Mubasher: Osoul Investment announced appointing tax consultant and a financial analyser in Saudi Arabia to calculate the tax imposed on the company in the Kingdom. The company said that it received on Sunday a notice from the Saudi …

Law

5 October 2016 00:20 PM Osoul to get profit from Osos capital reduction

Kuwait – Mubasher: Osoul Investment would generate a profit of KWD 525,000 once Osos holding completes the procedures of capital decrease and receiving the value of the cancelled shares. The financial impact will be registered in Osoul’s financial …

General Assembly

7 August 2016 01:19 PM Osoul posts lower profit for Q2

Kuwait – Mubasher: Osoul Investment Company reported on Sunday a year-on-year fall of 4.5% in its profits for the second quarter of fiscal 2016. Net profit reached KWD 113,220 ($374,500) in Q2-16, versus KWD 118,560 ($392,170) in Q2-15, according …

Financial Results

28 July 2016 07:32 AM Osoul buys KWD 2.5m residential properties in US

Kuwait – Mubasher: Osoul Investment has purchased two residential properties in Boston, US for KWD 2.545 million ($8.441 million). The Kuwaiti company clarified that no financial impact will affect Osoul’s position, according to a bourse filing …

Companies Investments

8 March 2016 06:23 AM Osoul Investment losses narrow in Q4

Kuwait-Mubasher: Osoul Investment said its losses shrank in the fourth quarter by 25.7% as compared to the same quarter in 2014, according to a statement posted today. The Kuwaiti company’s losses stood at about KWD 357,100 ($1.19 million) in …

Financial Results