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The facilities will be due on 2 June 2022
23 January 03:59 PM United Real Estate pens KWD 10m loan deal with AUB Kuwait
Mubasher: United Real Estate has renewed a credit facilities agreement with Ahli United Bank – Kuwait (AUB Kuwait) at a value of KWD 9.966 million.   The loan will be due on 2 June 2022 and will be used in financing the Kuwaiti firm’s investments …
The debt covered an investment in Kuwait
23 January 01:00 PM Ream Real Estate to reschedule KWD 6m debt with Warba Bank
Mubasher: Ream Real Estate Company announced that it will reschedule its existing debt with Warba Bank at a value of KWD 5.95 million. The debt covers one of the company’s investments in Kuwait, according to a bourse statement on Thursday.    The …
The company suffered a loss of KWD 5.1 million in Q4-19
23 January 09:35 AM Al Imtiaz Investment records KWD 19.7m profit in 2019; dividends proposed
Mubasher: The profits of Al Imtiaz Investment Group slid by 1.5% year-on-year (YoY) during the fiscal year ended on 31 December 2019 to reach KWD 19.72 million ($65.07 million) when compared to KWD 20.02 million ($66.08 million). The lower annual …
The decision will be effective on 31 January
22 January 01:22 PM Dalqan Real Estate’s general manger resigns
Mubasher: Dalqan Real Estate announced that its board of directors has approved the resignation of the company’s general manager, Saud Abdullah Saud Al Mutairi, which he submitted on 16 January 2020. The decision shall be effective starting from …
The transaction’s impact will reflect on the annual financials
21 January 11:12 AM Sanam Real Estate inks deals to buy KWD 2.7m medical property
Mubasher: Sanam Real Estate has signed the final contracts to purchase a medical property in Kuwait at a value of KWD 2.7 million, with a 9.04% return on investment (RoI). The contracts were registered in the Real Estate Registration Department of …
Mabanee submitted the best offers to "J3" investment opportunity
20 January 05:03 PM Three Kuwaiti listed firms win investment opportunity in Jaber Al Ahmad city
Mubasher: Mabanee Co, among a consortium of Kuwaiti companies, received a letter of notification on Monday from the Public Authority for Housing Welfare awarding the investment opportunity “J3” in Jaber Al Ahmad Residential City. As …
The transaction’s impact will reflect on the annual financials
20 January 01:49 PM Arkan Al Kuwait purchases property at KWD 6.2m
Mubasher: Arkan Al Kuwait Real Estate has signed the final contracts to buy a commercial property worth KWD 6.16 million, with an 8.4% return.   The property was registered at the Land Registry of the Ministry of Justice, according to a bourse …
The transaction will not have any impact on the firm’s financials
14 January 04:39 PM Kuwait Business Town sells investment property at KWD 25.5m
Mubasher: The board of Kuwait Business Town Real Estate Company approved the selling of an investment property to one of the company's subsidiaries at a value of KWD 25.501 million, without achieving a profit nor a loss. The transaction will not …
Al Enmaa’s profits increased by 94.6% in 9M-19
14 January 11:12 AM Al Enmaa Real Estate turns profitable FY19 financials
Mubasher: Al Enmaa Real Estate Company reported a positive change in its financials for fiscal year ended on 31 October 2019, against losses incurred in 2018. The company’s annual profits reached KWD 1.704 million ($5.63 million) in fiscal year …
The real estate market in Dubai is set to flourish this year
10 January 08:07 PM Ten reasons for confidence in Dubai’s real estate sector
By: Muhammad Abdul-Wakeel UAE – Mubasher: The real estate market in Dubai is set to flourish this year, backed by a series of positive indicators that are promising great outlook for the sector. Chairman of W Capital Real Estate Brokerage Company …
Real estate sales dropped by 25% in October 2019
8 January 12:12 PM Kuwait records KWD 230m real estate deals in October 2019 - KFH
Mubasher: The real estate sale transactions in Kuwait decreased by 31.5% month-on-month (MoM) in October 2019 to stand at KWD 230 million, yet signalling below-average sales during the year, as the number of trading days marginally declined over …
Off-plan properties remained the top preference for investors
7 January 05:03 PM Dubai records highest property sales in 11 years
By: Muhammad Abdul-Wakeel UAE – Mubasher: A total of 41,988 real estate transactions were registered in the UAE’s Emirate of Dubai in 2019, up 20% from the year before, according to data released by Data Finder, a platform affiliate to Property …
The deal was signed on 31 December 2019
5 January 10:45 AM KFIC sells 13.3m shares in Mena Real Estate
Mubasher: Kuwait Finance and Investment (KFIC) has sold 13.26 million of its shares in Mena Real Estate. The deal was concluded on Tuesday, 31 December 2019, Mena Real Estate said in a bourse statement on Sunday.   In November, the target of …
Aayan Real Estate witnessed a decline of 118.1% in 9M profits
31 December 2019 06:25 PM Aayan Real Estate buys investment property at KWD 1.1m
Mubasher: Aayan Real Estate Company, a subsidiary of Boursa Kuwait-listed Aayan Leasing and Investment, has purchased an investment property, located in Mahboula district in Kuwait, at a total value of KWD 1.12 million. The company referred that …
50% of AMAN REIF will be offered in a private offer
31 December 2019 03:48 PM Oman's AMAN REIF to launch IPO on Thursday
Mubasher: Omani fund under formation AMAN REIF has announced that its initial public offering (IPO) is set to be launched on Thursday, 2 January 2020 and last for 15 days until 16 January. The announcement took place during a press conference held …
Arkan posted a decline of 19.2% in profits in FY ended October 2019
30 December 2019 11:03 AM Arkan Al Kuwait buys properties at KWD 5.5m
Mubasher: Arkan Al Kuwait Real Estate has signed the final contracts to purchase properties at a value of KWD 5.45 million, with an 8.7% return. The contracts were registered at the Land Registry of the Ministry of Justice, according to a …
Al Enmaa organised the auction on Monday
26 December 2019 01:43 PM KFH generates KWD 1.35m profit from sale of properties
Mubasher: Kuwait Finance House (KFH) achieved a net profit of KWD 1.353 million from the latest real estate auction held by Al Enmaa Real Estate Company, a subsidiary of KFH. Al Enmaa organised the auction on Monday, 23 December, to sell four …
The subsidiary hiked its capital to KWD 12.5m
25 December 2019 06:18 PM Tamdeen Investment’s unit hikes capital by 150%
Mubasher: Tamdeen Investment has announced that one of its subsidiaries, Tamdeen Real Estate Development, completed procedures to increase its capital by 150%. The subsidiary hiked its capital to KWD 12.5 million from KWD 5 million, according to a …
The new section features various buildings
24 December 2019 04:16 PM Bayut offers new guides for popular towers across the UAE
UAE - Mubasher: Dubai-based property website Bayut has launched a new section for Building Guides including full details about the property types, amenities available, service charges, and the average cost for renting and buying in popular towers …
Boursa Kuwait announced the suspension of ten stocks early January
22 December 2019 01:37 PM Ream Real Estate’s stock back to trading on Sunday
Mubasher: Boursa Kuwait announced that the shares of Ream Real Estate Company have resumed trading on Sunday, 22 December, after submitting its financial statements, according to the boursa’s statement on Sunday. It is noteworthy to mention that …
GFH Financial Group
21 December 2019 05:43 PM GFH Properties names new CEO
Dubai – Mubasher: GFH Properties, the real estate arm of GFH Financial Group, has announced the appointment of Shaikh Hamad bin Mohammed Al Khalifa as new CEO. Shaikh Hamad has assumed managerial positions in real estate and urban planning. It is …
Noor expected to earn KWD 81,320 in profit
19 December 2019 01:56 PM Noor Financial exits stake in sister firm
Mubasher: Noor Financial Investment inked a deal to sell a stake in Noor Salhiya Real Estate Co, a sister company, for KWD 867,000. The sale would be in exchange for purchasing a land plot with a value of KWD 667,000, and a KWD 168,000 stake in …
The transaction will have a material impact on Al Enmaa's financials
18 December 2019 03:09 PM Al Enmaa Real Estate to set up unit with KWD 500,000 capital
Mubasher: Al Enmaa Real Estate Company will establish a subsidiary under the name ‘ERESCO Security’, with a capital of KWD 500,000. The transaction will have a material impact on the annual consolidated financials of the parent company, in …
The property spans over an area of 840 square metres
17 December 2019 04:52 PM Unit of Al Madar, Dar Al Thuraya buys KWD 1.44m property
Mubasher: Al Madar Finance and Investment and Dar Al Thuraya Real Estate on Tuesday announced that a subsidiary purchased a property in Mahboula district for KWD 1.44 million, according to disclosures by both companies. The bought property spans …
Aayan's fourth-quarter results will reflect the losses
16 December 2019 00:59 PM Aayan to post KWD 560,000 losses on Abyaar unit’s land sale
Mubasher: Aayan Leasing and Investment said that the latest sale of a land of its sister company Abyaar Real Estate Development’s subsidiary would bring about losses of KWD 560,000 ($1.85 million). Abyaar announced earlier on Monday that a Gulf …