The Securities House K.S.C (SECH) News - Mubasher Info
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02 March 03:23 PM

The Securities House K.S.C (SECH`R)

Last update: 01:32 PM market time.
66.90
-1.80
-2.62%
Open 68.30
Previous Close 68.70
High 68.30
Low 65.60
Stock Statistics
Volume 954,471
Turnover 63,809.16
All data are 15 minutes late during market session

News

The announcement was as per the CMA's decision
5 May 2020 10:38 AM Al Aman Investment delisted from Boursa Kuwait after merger
Mubasher: Boursa Kuwait on Tuesday announced the delisting of Al Aman Investment stock after the completion of the company's merger with The Securities House, as it is no longer a separate legal entity. The announcement is based on a resolution by …
Trading Activities
The transaction generated total earnings worth nearly $2 million
2 April 2020 09:45 AM Securities House exits $7.6m property investment in US
Mubasher: The Securities House has sold one of its property investments operating in the light industry sector for $7.6 million (KWD 2.38 million). The investment was developed by Securities House in the US, according to a stock exchange statement …
Real estate
The company incurred KWD 426,348 worth of losses in Q4-19
1 April 2020 10:08 AM Securities House turns to loss in 2019
Mubasher: The Securities House turned to a loss of KWD 379,624 (about $1.21 million) in the fiscal year (FY) 2019, against a profit of KWD 204,812 (nearly $652,620) in 2018. The 2019 results are ascribed to various factors, including an increase …
Financial Results
The Securities House is the merging company
16 March 2020 00:23 PM Securities House finalises legal procedures for merger with Al Aman
Mubasher: The Securities House on Monday announced the completion of the legal procedures of its merger with Al Aman Investment, according to a statement to Boursa Kuwait. Moreover, a share swap of 74.865 million shares of Al Aman’s capital, owned …
Mergers and Acquisitions
The merger is valued at KWD 10.23 million
2 March 2020 00:50 PM Securities House, Al Aman merger awaits CMA's approval
Mubasher: The Securities House has declared its merger resolution with Al Aman Investment. Accordingly, the merger procedures will be carried out, subject to the approval of Kuwait’s Capital Markets Authority (CMA), according to a bourse statement …
Mergers and Acquisitions
The CMA will delist Al Aman Investment from Boursa Kuwait
2 February 2020 00:42 PM Al Aman Investment’s stock to delist from Boursa Kuwait on merger
Mubasher: Al Aman Investment on Sunday has published the decisions made by the extraordinary general meeting (EGM) concerning the proposed merger with The Securities House in Kuwait’s official gazette, Al Kuwait Al Yawm.         The merger …
Trading Activities
1 March is set for the ownership of Al Aman’s shares
9 January 2020 01:15 PM Securities House’s shareholders approve merger with Al Aman
Mubasher: The extraordinary general meeting of The Securities House approved the contract proposal for the signed merger with Al Aman Investment. Securities House, which owns 50% of Al Aman’s KWD 15 million, will be the merging company, while Al …
General Assembly
The Securities House is the merging company
12 December 2019 05:19 PM The Securities House approves merger with Al Aman Investment
Mubasher: The board of directors of The Securities House approved the merger contract with Al Aman Investment. The board gave the green light for the swap ratio of 1.402:1 for the merger between The Securities House and Al Aman Investment, …
Mergers and Acquisitions
Securities House received an offer to sell US real estate investment
10 December 2019 11:22 AM Securities House receives offer to sell US real estate investment
Mubasher: The Securities House received an offer to sell its investment in a US real estate project, conditional on the condition that the purchaser completes its due diligence examination, the company announced on Tuesday. Securities House will …
Companies Investments
Photo Archive
12 November 2019 00:50 PM Securities House turns to losses in Q3
Mubasher: The Securities House reported losses of KWD 53,470 ($176,400) in the third quarter (Q3) of the year, versus profits of KWD 47,410 ($156,410) in the same period last year, as shown by the company’s financial statements. In the first nine …
Financial Results
The board recommended issuing 105 million new shares
17 October 2019 10:16 AM Securities House’s board recommends KWD 55.5m capital hike
Mubasher: The board of The Securities House approved to submit a recommendation to the ordinary general meeting (OGM) to increase the firm’s authorised, issued, and paid-up capital by issuing 105 million new shares.           The new capital will …
Company News
Both companies will disclose any relevant developments in due course
29 September 2019 10:54 AM CMA approves merger between Al Aman Investment, Securities House
Mubasher: Kuwait’s Capital Markets Authority (CMA) approved the merger contract draft between The Securities House as the merger and Al Aman Investment as the merged. The merger shall be subject to the provisions of law no. 7 of 2010 regarding the …
Company News
Profits slumped to KWD 287,110 in Q1-19
12 May 2019 11:18 AM Securities House’s Q1 profit drops 33%
Mubasher: The Securities House’s profits tumbled 32.9% year-on-year in the first quarter of 2019. Profits slumped to KWD 287,110 ($947,090) during Q1-19, from KWD 427,850 ($1.41 million) in Q1-18, according to a filing to Boursa Kuwait on Sunday. …
Financial Results
Gatehouse Bank’s portfolio includes about 3,000 houses
8 May 2019 10:08 AM Gatehouse Financial manages $3bn assets in US - Chairman
Mubasher: Gatehouse Financial Group Ltd is managing assets worth as much as $3 billion in the US, the group’s chairman said. Around half of these assets are in the industrial sector in collaboration with Brennan Investment Group, while the rest of …
Companies Investments
Selling transactions amounted to 4.5 million shares
16 April 2019 10:41 AM Securities House’s stock hits highest level in year
Mubasher: The stock of The Securities House gained 2.73% or 1.6 fils to reach 60.2 fils in Tuesday’s mid-trade. By 10:10 am Kuwait time, The Securities House’s stock has registered its highest level in more than a year. The stock was the second …
Trading Activities
Annual profits skyrocketed 825.5% to about KWD 204,810
25 March 2019 11:39 AM Securities House turns to losses in Q4-18
Mubasher: Securities House on Monday incurred losses in the fourth quarter of 2018, against posting profits during Q4-17. The company’s losses reached KWD 1,500 ($5,000) by the end of Q4-18, against nearly KWD 593,230 ($2 million) earnings in …
Financial Results
Losses stood at nearly KWD 268,970 ($888,900) in Q2-18
13 August 2018 10:53 AM Securities House incurs lower losses in Q2
Mubasher: Securities House posted a decrease of 52.5% in losses during the second quarter of 2018 compared to the same period a year ago. Losses stood at nearly KWD 268,970 ($888,900) in Q2-18 from approximately KWD 565,940 ($1.9 million) in …
Financial Results
Resuming trading on the stock followed the completion of shrinking the capital
24 May 2018 10:31 AM Securities House’s stock to resume trading on Boursa Kuwait
Mubasher: Boursa Kuwait announced that the stock of The Securities House will resume trading starting from Thursday, 24 May. This decision followed the completion of shrinking the capital of Securities House, according to an official statement on …
Markets Regulations
Securities House achieved a profit of nearly KWD 427,850 in Q1
10 May 2018 10:29 AM Securities House Q1 financials turn profitable
Mubasher: The Securities House achieved a profit of nearly KWD 427,850 ($1.42 million) during the first quarter of 2018 against losses of around KWD 51,270 ($170,230) in the same period a year ago. The profitable turn in Q1 financials is …
Financial Results
Securities House owns a stake of 45% in Al Aman’s capital
7 May 2018 03:44 PM Securities House raises stake in Al Aman
Mubasher: Al Aman Investment announced that The Securities House has purchased 100,000 shares in Al Aman during the trading session on Monday, 7 May 2018. The transaction was executed at 60 fils per share at a total value of KWD 6,000. Securities …
Stock Evaluations
The OGM elected new board for the coming three years
19 April 2018 04:11 PM Securities House to shrink capital by KWD 3m
Mubasher: The ordinary general meeting (OGM) of Securities House approved decreasing 6.25% or KWD 3 million of the paid-up capital. Securities House will shrink its capital to KWD 45 million from KWD 48 through cancelling 30 million shares, …
Corporate Actions
Ibrahim Yousef Ibrahim Al Ghanim chairs Securities House’s board
3 April 2018 00:59 PM Securities House’s board members resign
Mubasher: The board of the Securities House has submitted its resignation on Sunday, 2 April, and will pass it to the ordinary general meeting (OGM). The resignation of the current board, of which tenure ends in 2018, is a preliminary procedure …
Board of Directors
Securities House’s board members recommended zero dividends
19 March 2018 10:11 AM Securities House FY17 profits plunge 97%; capital cut proposed
Mubasher: The Securities House reported an increase of 95.8% in profits to about KWD 593,200 ($1.98 million) in the fourth quarter of 2017 compared to around KWD 302,960 ($1.01 million) in the same period in the previous year. During FY17, the …
Board of Directors
This deal will be in partnership with Brennan Real Estate Group in the US
15 January 2018 02:56 PM Gatehouse to acquire assets in US
Mubasher: Gatehouse Financial Group, a subsidiary of The Securities House, announced that it plans to purchase four income-generating properties in the US. This acquisition is on behalf of Gatehouse’s clients, with an annual return of 8.75%, as …
Companies Investments
Earnings shrank to nearly KWD 46,140 ($152,760) in Q3-17
13 November 2017 11:18 AM Securities House profits shrink in Q3, incurs losses in 9M
 Mubasher: The Securities House reported a decline of 92% in profits during the third quarter of 2017 compared to the same period last year. Earnings shrank to nearly KWD 46,140 ($152,760) in Q3-17 from around KWD 578,230 ($1.91 million) in Q3-16, …
Financial Results