Sokouk Holding Company K.S.C.C. (SOKOUK`R)

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News

2 March 2015 00:42 PM Sokouk names Al-Ghanem as Chairman for 2015

Sokouk Holding Company has elected Ghanem Yousef Al-Ghanem as Sokouk’s Chairman for the year 2015. Additionally, Sokouk has elected Abdulrahman Mahmoud Ali Al-Kandari as the Vice Chairman. Furthermore, each of Mohammed Ahmed Al- Rasheed, …

Company News

1 March 2015 00:40 PM Sokouk reschedules most of debts - Chairman

By: Ahmad Awad“The year 2015 will be the launch of Sokouk,” said Chairman of Sokouk Holding Company Ghanem Yousef Al-Ghanem. Answering Mubasher’s question, Al-Ghanem declared that Sokouk has rescheduled and refinanced its debts, as well as …

Company News

1 March 2015 11:38 AM Sokouk Holding approves bonus shares for FY14

By: Ahmad AwadThe ordinary general meeting (OGM) of Sokouk Holding has approved a bonus share of 5% or five shares per each 100 shares for the financial year of 2014. It is worth noting that Sokouk Holding has posted earnings worth KWD 5.01 …

Company News

4 February 2015 09:34 AM Kuwaiti firm divests its whole stake in Munshaat

Kuwait Stock Exchange official website data revealed that ownership ratios witnessed a number of changes by end of Tuesday February 4 trading session. Mubasher’s report revealed that, “Region real estate Co." has divested its whole stake in …

Company News

1 February 2015 01:56 PM Sokouk Holding reschedules KWD4.9m debt

Kuwait's Sokouk Holding announced that it has signed today February 2, 2014 debt rescheduling agreement with creditors. The scheduling agreement marks a debt at amount KWD of 4.9 million ($16.6 million), said a bourse statement. Under the …

Company News

29 January 2015 09:28 AM Sokouk profit plunges 72.5% in 2014

Sokouk Holding announced its financial statements for the fiscal year ended December 31, 2014.The statements reflected KWD5.01 million ($17 million) net profit compared to KWD18.23 million for the previous year, down by 72.5%.   Meanwhile, the …

Company News

21 January 2015 00:16 PM Sokouk Holding unit secures KWD21m loan

Sokouk holding said 75%-owned Gulf Real Estate Development House Co. subsidiary has signed KWD21 million six- year Islamic financing deal (Ijara). The company noted that the new financial facility comes in terms of the restructuring operations of …

Company News

24 December 2014 02:23 PM Sokouk Holding closes KWD2m debt settlement deal

Sokouk Holding stated that it has concluded debt settlement agreement with one of the company's creditors.The settlement value amounts to KWD2 million, said a bourse statement.In return of the settlement, the company's creditor will obtain …

Company News

25 September 2014 03:27 PM Sokouk says a unit signs Ijarah financing contract at KWD 21 mln

Kuwait-based Sokouk Holding said it has concluded with its subsidiary unit Gulf Real Estate Development House Co. Ijarah financing contract for six years at amount of KWD 21 million.Noteworthy, Sokouk Holding announced interim financial …

Company News

21 September 2014 05:09 PM Sokouk Holding postpones EGM due to insufficient quorum

Kuwait’s Sokouk Holding announced that it has postponed the company's extraordinary general assembly for lack of quorum.Noteworthy, the company's interim financial statements for H1-FY14 which reflected KWD 2.39 million net profit , down …

Company News

2 September 2014 00:09 PM Sokouk Holding sells land plot for KWD 1.9 million

Sokouk Holding revealed that it has sold a land plot for KWD 1.9 million.The company noted that it holds 12.07% stake in the land, adding that the sales agreement has generated net profit of KWD 8.08 thousands and it will be reflected in …

Company News

28 August 2014 10:55 AM Sokouk Holding agrees to clear KWD 2.18 mln debt

Sokouk Holding stated that it has concluded KWD 2.18 million debt settlement agreement with a 96.52% owned subsidiary. The settlement won't have any financial impact on the company's financial state, said sokouk in a statement to …

Company News