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

Mubasher: Sokouk Holding Company has reported profits of KWD 324,620 ($1.07 million) in the third quarter (Q3) of 2019, against losses of about KWD 4.84 million ($15.97 million) for the same period last year. In the first nine months of the year, …

Mubasher: The financial statements of the Kuwait-based Sokouk Holding Company indicated a positive turn in the second quarter of 2019, compared to the corresponding period last year when it incurred losses. The profits of the period amounted to …

Mubasher: Kuwait-based Sokouk Holding Company reported a 16% year-on-year decline in losses during the first quarter of 2019. The firm’s losses reached KWD 592,560 ($1.95 million) in Q1-19, compared to KWD 707,690 ($2.33 million) during Q1-18, …

Mubasher: Sokouk Holding Company on Sunday reported a 55.1% year-on-year rise in losses during the fourth quarter of 2018. Sokouk Holding’s losses amounted to KWD 8.61 million ($28.4 million) in Q4-18, compared to KWD 5.55 million ($18.3 million), …

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 …

By: Mohamad Farouk Mubasher: The stock of Sokouk Holding went down 5.2% after it resumed trading on Sunday. By 10:27 am Kuwait time, Sokouk was the top loser with a loss of 2.4 fils to reach 44 fils. About 329,000 shares represented the purchase …

Mubasher: Boursa Kuwait announced that the trading on the shares of Sokouk Holding Company has been resumed on Sunday, 21 October, according to a bourse disclosure. On 23 September, the Kuwaiti bourse announced that trading on the stock of Sokouk …

Mubasher: Sokouk Holding Company (Sokouk) on Wednesday announced that its subsidiary Gulf Development House has increased its capital to KWD 13.5 million instead of KWD 13.06 million.  Following the capital hike, Sokouk's stake in Gulf House has …

Mubasher: Sokouk Holding Company reported a decline of 19.9% in losses during the first quarter of 2018 compared to the same period in the previous year. Losses decreased to about KWD 707,690 ($2.35 million) in Q1-18 from nearly KWD 883,350 ($2.93 …

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 …

Mubasher: Sokouk Holding Company achieved a profit of KWD 1.75 million ($5.79 million) in the third quarter of 2017 against losses worth KWD 492,000 ($1.63 million) in the same quarter last year. During the first nine months of 2017, the company …

Mubasher: The stock of Sokouk Holding Company on Thursday gained 3.31% or 1.7 fils to reach 53.1 fils, hitting its highest level in six months. By 11:45am Kuwait time, around 5.84 million shares were traded through 133 transactions at a total …

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 …

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 …

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 …

Kuwait – Mubasher: Sokouk Holding incurred a loss of nearly KWD 883,350 ($2.9 million) during the first quarter of 2017, 35.6% higher than about KWD 651,330 ($2.14 million) in the same period in 2016. The company posted operating losses of around …

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 …

Mubasher: Sokouk Holding’s losses during the fourth quarter of 2016 widened 475% to total KWD 4.485 million ($14.67 million) from KWD 780,000 ($2.55 million) in the same period of 2015. During the fiscal year, the company suffered losses of KWD …

Kuwait – Mubasher: Sokouk Holding Company posted on Wednesday a net loss of KWD 491,700 ($1.62 million for the third quarter of the fiscal year 2016, against a net profit of KWD 462,600 ($1.52 million) for Q3-15. The company’s results for the …

Kuwait – Mubasher: Sokouk Holding reported a 3.7% rise year-on-year in its losses during the second quarter of 2016, according to a bourse statement. Losses reached KWD 1.12 million ($3.7 million) in Q2-16, compared to KWD 1.08 million in Q2-15. …

Kuwait-Mubasher: The stock of Munshaat Real Estate Projects plunged by 6.6% or 5 fils to settle at 71 fils at the opening of Tuesday’s trading session, amid lack of purchase orders. Meanwhile, the stock saw sale orders on over 400,000 shares. The …

Kuwait – Mubasher: Sokouk Holding reported falling profits in the first six months of 2015 to KWD 176,770 ($582,250) compared to KWD 2.39 million ($7.87 million) in the same period in 2014, a slump of 92.6%, according to a filing to the Kuwait …

Sokouk Holding registered a plunge of 73.2% in its quarterly earnings, posting around KWD 635,290 ($2.1 million) in Q1-15 compared to KWD 2.37 million ($7.84 million) in Q1-14.The earning per share decreased to 1.11 fils in Q1-15 from 4.15 fils in …

Shareholders of six companies listed on Kuwait Stock Exchange are awaiting major events on 26 April, as Kuwait Resorts’ ordinary general meeting (OGM) will discuss the board’s suggestion of distributing 6% cash dividends (6 fils per share) and 5% …

Shareholders of KSE-listed companies will witness main events on Monday, 16 March, as the ordinary general meeting (OGM) of Kuwait Finance House (KFH) will discuss the board’s proposal to distribute a cash dividend of 15% and a bonus share of 10% …