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

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News

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 …

Companies Investments

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 …

Companies Investments

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

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 …

Companies Investments

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

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 …

Stock Evaluations

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 …

Corporate Actions

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

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 …

Company News

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

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 …

Board of Directors

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 …

Mergers and Acquisitions

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

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

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 …

Stock Evaluations

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

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

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 …

Corporate Actions

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

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 …

Trading Activities

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, …

Cash Dividends

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 …

Management Decisions

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 …

Corporate Actions

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

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