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The Company has achieved profits of KWD 150,000 from the transaction
10 December 2020 03:44 PM National International Holding's unit sells property for KWD 2m
Mubasher: One of the wholly-owned subsidiaries of National International Holding Company has completed a real estate sale transaction at a total value of KWD 2.25 million ($7.4 million). The property was among the investment properties owned by …
Mabanee turned to losses in Q2-20
4 August 2020 09:57 AM Mabanee’s profits shrink 94% in H1-20
Mubasher: The net profits of Mabanee Co plunged by 94.4% on a yearly basis during the first half (H1) ended on 30 June 2020, reaching KWD 1.56 million ($5.11 million) from KWD 27.8 million ($91.11 million) in H1-19 The drop in H1-20 earnings is …
Tamdeen recorded 40.2% higher net earnings in 2019
3 June 2020 04:00 PM Tamdeen Real Estate’s board halves 2019 dividends
Mubasher: Tamdeen Real Estate’s Board of Directors approved on Wednesday cutting the proposed cash dividend for fiscal year (FY) 2019 to be 5% of the share’s nominal value or five fils per share. The decision comes in light of the current …
The company will grant a remuneration of KWD 40,000 to board members
3 June 2020 01:22 PM Kuwait Real Estate approves 2019 bonus shares
Mubasher: Kuwait Real Estate’s general assembly on Wednesday consented to the proposed bonus share distribution of five treasury shares for every 100 shares for fiscal year (FY) 2019, representing 5% of the capital. The bonus issue will be matured …
The acquisition was carried out for KWD 2.1 million
21 May 2020 01:15 PM Al Khair Global acquires 10.3% of Arkan Al Kuwait
Mubasher: Boursa Kuwait announced that the acquisition procedures of Al Khair Global for Buying and Selling Shares on part of Arkan Al Kuwait Real Estate’s shares were completed on Thursday. The decision was subject to the Capital Markets …
The cash sum amounts to AED 40 million (KWD 3.4 million)
11 May 2020 10:25 AM Al Mazaya’s unit sells property in Dubai for AED 77m
Mubasher: A UAE-based subsidiary of Al Mazaya Holding has signed a contract for the sale of a property in Dubai, with the price value to be paid in cash and in-kind. Upon completion of the sale procedures, the total value of the deal will near AED …
The company achieved profits of KWD 869,386 in Q4
10 May 2020 10:29 AM Munshaat Real Estate swings to profits in 2019
Mubasher: Munshaat Real Estate Projects Co. turned profitable during fiscal year (FY) 2019, registering a net profit of KWD 873,033, versus losses worth KWD 28.23 million in 2018. The annual results are owed to higher operating profit and lower …
The exit has no material impact on Aayan Real Estate’s financial position
6 May 2020 10:33 AM Aayan Real Estate concludes in-kind exit from real estate portfolio
Mubasher: Aayan Real Estate Company, a subsidiary of Aayan Leasing and Investment, has concluded an in-kind exit from one of the real estate portfolios investing in Egypt.   The transaction was concluded in return for the obtainment of nearly two …
The assembly will not distribute any remuneration to board members for 2019
3 May 2020 02:55 PM Al Tijaria nods to 2019's dividends, bonus shares
Mubasher: The general assembly of Commercial Real Estate (Al Tijaria) approved the recommended cash dividends distribution of five fils per share or 5% of the share’s nominal value for fiscal year (FY) 2019.  In addition, it approved a bonus …
Losses amounted to KWD 292,495 in 2019
30 April 2020 01:42 PM Ajwan’s losses down 92% in 2019
Mubasher: The net loss of Ajwan Gulf Real Estate plunged by 92.2% in the fiscal year (FY) 2019 to reach KWD 292,495 from KWD 3.73 million in 2018. The recorded annual net loss was helped by a rise in operating expenses resulting from higher …
The CMA suspended trading on Marakez's stock last February
20 April 2020 10:40 AM Kuwait’s CMA resumes trading on Marakez
Mubasher: The Board of Commissioners of the Capital Markets Authority (CMA) approved on Sunday, 19 April, to resume trading on the stock of Real Estate Trade Centers (Marakez) on Boursa Kuwait. Meanwhile, the CMA will continue examining the …
Kuwait Business Town will generate total profits of KWD 307,912 from the deal
16 April 2020 03:09 PM Kuwait Business Town's unit sells KWD 26m property
Mubasher: Kuwait Business Town Real Estate has sold an investment property owned by one of its subsidiaries to a third party for KWD 26 million, generating a total profit of KWD 307,912. The group is currently undertaking necessary legal …
The announcement has no material impact on Al Mudon’s financial position
16 April 2020 00:47 PM Al Mudon’s chariman submits resignation
Mubasher: Al Mudon International Real Estate announced that the company’s chairman, Mohammed Adel Al Fahad, has submitted his resignation. Due to the current circumstances and the coronavirus consequences, the board of directors will meet later on …
Kuwait Business Town has decided not to distribute cash dividends for 2019
13 April 2020 04:27 PM Kuwait Business Town cancels 2019 dividends
Mubasher: The board of Kuwait Business Town Real Estate has decided not to distribute cash dividends for fiscal year (FY) 2019, due to the economic impact caused by the coronavirus (COVID-19) pandemic. The decision, subject to the …
The transaction will result in a loss of KWD 229,642
13 April 2020 09:33 AM Al Enmaa Real Estate exits BHD 2m stake in Bahraini unit
Mubasher: Al Enmaa Real Estate Company has sold its 22.5%-stake in Energy Central Utilities Bahrain South Water Co for BHD 1.78 million (KWD 1.45 million). The said stake is classified as an investment in a subsidiary, according to a bourse …
The profits shrank by 84.2% annually in Q4-19
12 April 2020 03:01 PM Kuwait Real Estate’s profit up 4% in 2019; bonus shares proposed
Mubasher: Kuwait Real Estate achieved KWD 7.05 million worth of profits over 2019, up by 4.4% when compared to KWD 6.7 million in the previous year. The increase in the annual earnings is due to higher operating income and realised gains from an …
The board of directors proposed not to distribute any dividends for 2019
12 April 2020 09:20 AM Alargan’s earnings up 42% in 2019
Mubasher: The consolidated financial statements of Alargan International Real Estate indicated a rise in profits by 42.7% during the fiscal year (FY) 2019 to KWD 787,064 ($2.54 million) from KWD 551,737 ($1.78 million) in 2018. The positive 2019 …
Al Kout Mall
8 April 2020 05:03 PM Tenants at Al Kout Mall, Souq Al Kout exempt from rent during lockdown
Mubasher: Tamdeen Real Estate alongside its subsidiary, Manshar Real Estate, decided to exempt tenants and investors at Souq Al Kout and Al Kout Mall from paying rent for the period of the closure in line with the directives of the government. The …
The company turned to a profit of KWD 1.66 million in Q4-19
6 April 2020 03:30 PM Al Arabiya Real Estate turns profitable in FY19
Mubasher: Al Arabiya Real Estate turned profitable at KWD 1.66 million in the fiscal year (FY) ended on 31 December 2019, against losses of KWD 2.44 million in the previous year. The positive 2019 results were backed by a partial refund of …
The decision aims to protect the company’s finances
6 April 2020 01:59 PM Injazzat cancels 2019 dividends
Mubasher: The board of Injazzat Real Estate Development decided to cancel the proposed cash dividends distribution for the fiscal year (FY) ended on 31 December 2019. The board decided not to distribute any dividends for FY19 in order to maintain …
URC's losses increased by 80.7% in Q4-19
5 April 2020 09:24 AM United Real Estate’s losses down 20% in 2019
Mubasher: The net loss of United Real Estate Company (URC) declined by 19.7% on an annual basis in the fiscal year (FY) 2019 to reach KWD 7.2 million from KWD 8.9 million. The 2019 financial results are attributed to a rise in gross profits and …
The transaction generated total earnings worth nearly $2 million
2 April 2020 09:45 AM Securities House exits $7.6m property investment in US
Mubasher: The Securities House has sold one of its property investments operating in the light industry sector for $7.6 million (KWD 2.38 million). The investment was developed by Securities House in the US, according to a stock exchange statement …
The losses amounted to KWD 1.69 million by 2019 year-end
31 March 2020 09:49 AM Al Massaleh records 27% lower loss in FY19
Mubasher: Al Massaleh Real Estate reported lower losses by 27% on an annual basis over the fiscal year (FY) ended on 31 December 2019. The losses amounted to KWD 1.69 million (about $5.39 million) by 2019 year-end, compared to KWD 2.31 million …
The losses amounted to KWD 1.96 million in Q4-19
31 March 2020 09:30 AM Taameer Real Estate’s loss down 20% in 2019
Mubasher: The losses of Taameer Real Estate Investment decreased by 19.9% annually during the fiscal year (FY) 2019 to reach KWD 1.08 million (around $3.48 million) when compared to KWD 1.35 million (about $4.34 million). In the fourth quarter …
The transactions will reflect on URC's long-term liabilities
30 March 2020 10:31 AM United Real Estate pens KWD 7m loan deal
Mubasher: United Real Estate Company (URC) has signed a credit facility agreement with a local bank for KWD 7 million ($22.4 million). The loan will finance the company’s commitments and will be due on 15 March 2023, according to a statement to …