Salhia Real Estate (SRE`R)

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News

11 March 2020 03:20 PM Salhia Real Estate nods to 25 fils/shr dividends for 2019

Mubasher: Salhia Real Estate’s ordinary general meeting (OGM) consented to the proposed dividend distribution of 25 fils per share or 25% of the share’s nominal value for the fiscal year 2019. During its meeting, the OGM further approved last …

Real estate

17 December 2019 10:37 AM Salhia Real Estate repays KWD 9.6m credit facilities

Mubasher: Salhia Real Estate has repaid credit facilities worth KWD 9.638 million obtained from an Islamic bank, the company said in a bourse statement. The settlement will result in the reduction of financing costs in Salhia’s consolidated income …

Company News

27 November 2019 05:57 PM Salhia Real Estate earns KWD 7.6m profit from property sale

Mubasher: Salhia Real Estate generated a profit of KWD 7.604 million ($25.08 million) from a property sale at Sharjah, Kuwait City. This came after transferring the ownership of the property to the concerned entities, the real estate company said …

Real estate

7 August 2019 04:23 PM Salhia Real Estate’s profit levels up in Q2-19

Mubasher: Kuwait-based Salhia Real Estate posted a 13.1% year-on-year profit hike during the second quarter of 2019, recording KWD 4.15 million ($13.68 million). In the first half of the year, the company’s profit declined to KWD 8.25 million, …

Real estate

16 July 2019 06:26 PM Salhia Real Estate’s unit closes credit facility pact

Mubasher: Kuwait-based Salhia Real Estate has announced that its 99.74% subsidiary Al Assima Real Estate has signed a credit facility agreement with a local Kuwaiti bank. Under the agreement, the credit limit of Al Assima with the bank will be …

Banking and Finance

2 July 2019 02:14 PM Salhia Real Estate achieves profit from selling GBP 7m asset

Mubasher: Salhia Real Estate announced posting nearly KWD 646,070 ($2.13 million) profit from selling a property in the United Kingdom. The property has been sold for GBP 6.85 million (KWD 2.743 million) through Key Property Investments Company …

Companies Investments

9 May 2019 02:55 PM Salhia Real Estate’s profit drops 29% in Q1

Mubasher: Kuwait-based Salhia Real Estate reported a 29% year-on-year decrease in profits during the first quarter of 2019. The company’s profits reached KWD 4.1 million ($13.5 million) in Q1-19, down from KWD 5.7 million ($18.8 million) during …

Real estate

5 May 2019 05:15 PM Salhia Real Estate’s unit raises capital to KWD 110m

Mubasher: The extraordinary general meeting (EGM) of Al Assima Real Estate Co, a subsidiary of Salhia Real Estate, approved to increase the capital by KWD 30 million. Therefore, Al Assima Real Estate’s capital will become KWD 110 million after the …

Real estate

11 March 2019 02:46 PM Salhia Real Estate to pay 20 fils/shr dividends for FY18

Mubasher: The ordinary general meeting (OGM) of Salhia Real Estate approved the board’s recommendation to distribute 20% of the capital as cash dividends for fiscal year 2018. Salhia Real Estate will pay 20 fils per share to the entitled …

General Assembly

13 February 2019 02:21 PM Salhia Real Estate inks leasing deal with Warba Bank

Mubasher: Salhia Real Estate has signed an official leasing agreement with Warba Bank for plots up to 14,603 square metres distributed through 22 floors in Al Raya Tower. The building is fully owned by Salhia Real Estate, according to a bourse …

Banking and Finance

12 February 2019 02:59 PM Salhia Real Estate FY18 profits grow 9%; dividends proposed

Mubasher: Salhia Real Estate achieved an increase of 9.4% in earnings during fiscal year 2018 compared to the prior year. Profits rose to KWD 17.31 million in FY18 from KWD 15.82 million in FY17, according to a bourse statement on Tuesday. During …

Board of Directors

12 November 2018 02:27 PM Salhia Real Estate profits jump 53% on lower financing costs in Q3

Mubasher: Salhia Real Estate on Monday posted a 52.9% year-on-year growth in profits in the third quarter of 2018, citing lower financing costs among the reasons for the profit rise. The Kuwaiti property firm logged KWD 4.74 million ($15.62 …

Financial Results

9 October 2018 05:26 PM Salhia Real Estate receives KWD 1.6m from selling asset

Mubasher: Salhia Real Estate announced that its share from selling a real estate asset in the UK through a subsidiary amounted to KWD 1.59 million. The 50%-owned subsidiary Key Property Investments (KPI) has sold a property valued at GBP 17.37 …

Real estate

25 September 2018 03:52 PM Salhia Real Estate unit inks several deals for Assima project

Mubasher: Salhia Real Estate Company announced that its subsidiary Assima Real Estate Company has signed new partnership contracts for Assima project. Assima Real Estate has partnered with the US leading entertainment brand Sky Zone by Tamdeen …

Real estate

8 August 2018 04:11 PM Salhia Real Estate H1 profits grow 19% on higher revenue

Mubasher: Salhia Real Estate achieved an increase of 11.6% in profits during the second quarter of 2018 compared to the same period in the prior year. Earnings grew to KWD 3.67 million ($12.14 million) in Q2-18 from KWD 3.29 million ($10.88 …

Real estate

14 May 2018 04:27 PM Salhia Real Estate records KWD 6m profits in Q1

Mubasher: Salhia Real Estate achieved an increase of 24.2% in profits during the first quarter of 2018 compared to the same period in the previous fiscal year. Earnings grew to KWD 5.74 million ($18.17 million) in Q1-18 from KWD 4.62 million …

Financial Results

12 March 2018 03:39 PM Salhia Real Estate nods to FY17 dividends

Mubasher: The ordinary general meeting (OGM) of Salhia Real Estate approved distributing 20% of capital as a cash dividend for fiscal year 2017. Salhia Real Estate will pay 20 fils per share dividends at a total value of KWD 9.85 million ($32.8 …

General Assembly

13 February 2018 10:34 AM Salhia Real Estate to sell land plot for KWD 2.55m

Mubasher: Salhia Real Estate has signed a preliminary contract to sell an investment land plot in Kuwait City for a total value of KWD 2.55 million. The Boursa Kuwait-listed company noted that the sale deal will generate a profit of approximately …

Companies Investments

12 February 2018 03:27 PM Salhia Real Estate FY17 profits grow; dividends proposed

Mubasher: Salhia Real Estate achieved an increase of 15.4% in profits during the fourth quarter of 2017 compared to the corresponding period in 2016. Earnings rose to KWD 4.81 million ($16.06 million) in Q4-17 from KWD 4.17 million ($13.92 …

Financial Results

9 January 2018 02:43 PM Salhia Real Estate sells GBP 20.74m asset in UK

Mubasher: Salhia Real Estate has sold a property worth GBP 20.74 million or KWD 8.4 million in the UK, according to a bourse statement on Tuesday. The Boursa Kuwait-listed firm has sold this asset through its 50%-owned subsidiary in the UK, Key …

Companies Investments

13 November 2017 03:56 PM Salhia Real Estate Q3 profits grow 30.3%

Mubasher: Salhia Real Estate achieved an increase of 30.3% in profits during the third quarter of 2017 compared to the same period in the prior year. Earnings rose to KWD 3.1 million ($10.26 million) in Q3-17 from KWD 2.38 million ($7.88 million) …

Financial Results

20 August 2017 04:07 PM Salhia Real Estate unit inks KWD 10m deal

Mubasher: Al Assima Real Estate Co, a 99.74%-owned subsidiary of Salhia Real Estate, has signed a credit facilities agreement with a local Islamic bank at a total value of KWD 10 million. The financing facilities will be used to fund a project by …

Companies Investments

15 June 2017 03:02 PM Salhia Real Estate, unit ink KWD 15m loan deal

Kuwait – Mubasher: Salhia Real Estate and its 99.74%-owned subsidiary Al Assima Real Estate Co signed a credit facility agreement with a local Islamic bank. The loan is worth KWD 15 million, according to a bourse statement issued on Thursday. This …

Companies Investments

12 June 2017 05:03 PM Salhia unit inks KWD 10m loans

Kuwait – Mubasher: Capital Real Estate, a subsidiary of Salhia Real Estate, on Monday announced signing banking facilities amounting to KWD 10 million with a local Islamic bank, according to a bourse filing. The loans will be repaid on an …

Companies Investments

25 May 2017 01:16 PM Salhia buys KWD 2.26m land plot

Kuwait – Mubasher: Salhia Real Estate has purchased a land plot of 810 square metres in Sharq area, Kuwait, for KWD 2.26 million. The company has taken part in a public auction run by the finance ministry on Thursday. The deal will raise the value …

Companies Investments