Sokouk Holding Company K.S.C.C. (SOKOUK) News - Mubasher Info
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02 March 03:31 AM

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

Last update: 24 February 01:29 PM market time.
66.60
7.60
12.88%
Open 67.50
Previous Close 59.00
High 67.50
Low 65.50
Stock Statistics
Volume 773,045
Turnover 51,407.83
All data are 15 minutes late during market session

News

Profits were supported by lower costs and higher hotel net revenues
12 November 2019 11:39 AM Sokouk turns profitable in Q3
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, …
Financial Results
Sokoik's losses dropped by 16.2% to about KWD 593,000 in Q1-19
8 August 2019 10:14 AM Sokouk turns to profit in Q2-19
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 …
Financial Results
The drop in first-quarter losses was attributed to an increase in the hotel’s operations.
15 May 2019 02:43 PM Sokouk trims losses by 16% in Q1
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, …
Real estate
Sokouk Holding’s losses amounted to KWD 8.61 million in Q4-18
31 March 2019 03:24 PM Sokouk sees KWD 14.52m losses in 2018
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), …
Financial Results
Sokouk Holding Company and Munshaat Real Estate Projects on Wednesday negated social media reports regarding a merger between the two companies.
23 January 2019 11:45 AM Kuwait’s Sokouk, Munshaat deny merger reports
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 …
Mergers and Acquisitions
Trading volume of the stock was about 184,800 share
21 October 2018 10:59 AM Sokouk’s stock tops loser on Sunday after resuming trading
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 …
Stock Evaluations
Trading on the stock of Sokouk has been suspended on 23 September
21 October 2018 10:10 AM Trading on Sokouk resumes on Sunday
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 …
Management Decisions
Sokouk's stake in Gulf House has been changed to 88%
5 September 2018 11:02 AM Sokouk's unit raises capital to KWD 13.5m
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 …
Corporate Actions
Losses decreased to about KWD 707,690 ($2.35 million) in Q1-18
13 May 2018 00:16 PM Sokouk Holding Q1 losses shrink 20%
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 …
Financial Results
This KWD 1.38 million amount is subject to the external auditing
27 December 2017 04:06 PM Sokouk: Munshaat’s provision to impact Q4 financials
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 …
Companies Investments
Sokouk registered a decline of 26% in losses to KWD 1.31 million in H1-17
12 November 2017 03:28 PM Sokouk Holding Q3 financials turn to profit
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 …
Financial Results
Sokouk registered purchase orders of 5.2 million shares
19 October 2017 00:38 PM Sokouk stock hits highest level in 6M
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 …
Trading Activities
Sokouk owns a stake of 27.67% of Munshaat Real Estate Projects
10 October 2017 06:08 PM Dar Al-Qibla’s financial effect yet to be pinpointed - Sokouk
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 …
Financial Results
Sokouk owners a stake of 27.67% in Munshaat
5 October 2017 01:45 PM Sokouk to obtain KWD 5.5m on Dar Al Qiblah contract renewal
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 …
Companies Investments
Sokouk owns a stake of 27.67% of Munshaat Real Estate Projects’ capital
3 October 2017 00:01 PM Sokouk owns 34 units in ZamZam Pullman, Dar Al Qiblah
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 …
Companies Investments
Photo Credit: Arabianeye-Reuters
10 May 2017 03:22 PM Sokouk Holding losses deepen in Q1
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 …
Financial Results
(Photo Credit: Company website)
5 April 2017 11:30 AM Munshaat in talks over extension of Saudi projects' usufruct
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 …
Companies Investments
Photo Credit: Arabianeye-Reuters
21 March 2017 09:09 AM Sokouk Holding losses deepen in Q4
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 …
Financial Results
(Photo credit: Arabianeye - Reuters)
26 October 2016 03:00 PM Sokouk Holding turns to losses in Q3
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 …
Financial Results
The company’s losses widened to KWD 1.77 million in H1-16 (Photo Credit: Arabianeye-Reuters)
9 August 2016 08:49 AM Sokouk Holding losses deepen in Q2
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. …
Financial Results
Kuwait Stock Exchange
12 January 2016 10:42 AM Munshaat stock drops 6.6% on $505.7m tax claims by Saudi
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 …
Trading Activities
Photo Credit: Arabianeye-Reuters
23 July 2015 09:05 AM Sokouk Holding profits plunge 93% in H1
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 …
Company News
Photo Credit: Arabianeye-Reuters
27 April 2015 09:09 AM Sokouk earnings drop over 73% in Q1-15
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 …
Company News
Photo Credit: Arabianeye-Reuters
26 April 2015 07:54 AM Investors of 6 firms to see key events Sunday
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% …
Event
Photo Credit: Arabianeye-Reuters
16 March 2015 07:41 AM KSE investors to see key events Mon
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% …
Corporate Actions