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The transaction generated total earnings worth nearly $2 million
2 April 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 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 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 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 …
Ajwan's losses widened to nearly KWD 229,380 in first nine months of 2019
29 March 09:39 AM Boursa Kuwait resumes trading on Ajwan Sunday
Mubasher: Boursa Kuwait has resumed trading the stock of Ajwan Gulf Real Estate as of Sunday, 29 March 2020. The decision comes after the Kuwaiti firm had paid the annual subscription fees for 2020, according to an official statement. It is …
The company suffered losses worth KWD 1.61 million in Q4-19
25 March 09:34 AM Kuwait Remal Real Estate losses up 69% in 2019
Mubasher: Kuwait Remal Real Estate incurred higher losses by 68.5% on an annual basis during the fiscal year (FY) 2019. Losses for the period amounted to KWD 2.23 million ($7.19 million) by 2019 year-end, compared to KWD 1.32 million ($8.02 …
The loans will finance Aqar Real Estate's operating activities
17 March 03:51 PM Aqar Real Estate receives KWD 2m credit facilities
Mubasher: Aqar Real Estate Investments Company received KWD 2.2 million worth of credit facilities from a local bank to finance the company's operating activities. The loan is granted at an interest rate of 1.5% above the discount rate announced …
The Bridge offers access to major European cities, including Paris and London
16 March 10:37 AM Investcorp takes over Coca-Cola Belgium HQ for EUR 88m
Mubasher: Investcorp announced that its European real estate business has acquired The Bridge, a single let office and research and development (R&D) asset in Brussels, from a wholly-owned subsidiary of the Coca-Cola Company for EUR 88 million …
The profits totalled KWD 281,208 in Q1-19/20
16 March 09:43 AM Al Enmaa Real Estate’s earnings shrink 71% in Q1-19/20
Mubasher: Al Enmaa Real Estate Company reported a decrease in profits by 71% in the first quarter (Q1) ended on 31 January 2020 due to lower operating profit. The profits for the period registered KWD 281,208 ($914,800), compared to KWD 967,818 …
Tamdeen's earnings slid by 29.5% in the fourth quarter of 2019
15 March 11:03 AM Tamdeen Real Estate’s profit soars 40% in 2019; 10% dividends proposed
Mubasher: Tamdeen Real Estate reported an increase in net profits by 40.2% during the fiscal year (FY) 2019. The profits amounted to KWD 7.62 million by 2019 year-end, compared to KWD 5.43 million, according to a disclosure to the Kuwaiti bourse …
Profits totalled KWD 11.4 million last year
15 March 09:33 AM NREC’s profit up 6% in 2019; plans 5% bonus shares
Mubasher: The net profit of the National Real Estate Company (NREC) increased by 5.7% on an annual basis to KWD 11.4 million ($37.22 million) in 2019, compared to KWD 10.82 million ($(35.19 million) in 2018. The growth in last year’s profits is …
The OGM authorised the board to buy or sell around 10% of the company’s shares
11 March 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 …
The profits amounted to KWD 312,918 in Q1-20
11 March 09:52 AM Arkan Al Kuwait registers 3% higher profit in Q1-19/20
Mubasher: The financial statements of Arkan Al Kuwait Real Estate indicated higher annual profits by 3% over the first quarter ended on 31 January 2020 to KWD 312,918 (approx. $1.03 million) when compared to KWD 304,527 (approx. $998,770).   The …
Al Tijaria’s profits hiked by 39.5% YoY in Q4-19
11 March 09:36 AM Al Tijaria’s profit edges up 0.5% in 2019; dividends proposed
Mubasher: Net profits of Commercial Real Estate (Al Tijaria) inched up by 0.5% year-on-year (YoY) in the fiscal year ended December 2019 to stand at KWD 14.58 million ($47.83 million) from KWD 14.50 million ($47.57 million). In the fourth quarter …
Earnings per share (EPS) registered 5.2 fils last year
8 March 09:57 AM Aayan Real Estate’s profit down 64% in 2019; bonus proposed
Mubasher: The financial statements of Aayan Real Estate Company, a subsidiary of Aayan Leasing and Investment, showed an annual decrease in profits by 64% over 2019 to KWD 2.11 million (approx. $6.96 million), from KWD 5.93 million (approx. $19.5 …
Al Madar is interested to purchase a 3.17%-stake in Dar Al Thuraya's capital
5 March 03:20 PM Al Madar plans to raise stake in Dar Al Thuraya
Mubasher: Dar Al Thuraya Real Estate Company on Thursday announced that Al Madar Finance and Investment Company has expressed interest to buy an additional stake of 3.17% in its capital.    The proposed stake amounts to 4.55 million shares, …
Earnings per share (EPS) totalled 3.92 fils last year
5 March 09:47 AM Kuwait Business Town’s profit down 1% in 2019; dividends proposed
Mubasher: Kuwait Business Town Real Estate recorded an annual decrease in profits by 0.98% in 2019, registering earnings worth KWD 2.45 million ($8.06 million), compared with KWD 2.48 million ($8.13 million) in 2018.   Earnings per share (EPS) …
The contract is valued at KWD 25.75 million
4 March 11:44 AM URC’s affiliate to build Hessah Towers project
Mubasher: Mena Homes Real Estate Company, a subsidiary of United Real Estate Company (URC), on Wednesday signed a contract with Alghanim International General Trading and Contracting Company for the development of the Hessah Towers project.   The …
Loss per share recorded 20.52 fils last year
4 March 09:51 AM Injazzat suffers KWD 7m losses in 2019; dividends recommended
Mubasher: Injazzat Real Estate Development reported losses of KWD 6.89 million ($22.57 million) by 2019 year-end, against an annual profit of KWD 4 million ($13.17 million) in 2018.    Losses per share recorded 20.52 fils last year, versus …
Number of real estate transactions increased by 6.4% YoY in 2019
3 March 12:38 PM Kuwait registers KWD 3.7bn real estate deals in 2019 – KFH
Mubasher: The real estate sector in Kuwait has continued its positive trajectory that started four years ago, as it recorded sale transactions worth KWD 3.7 billion in 2019, signalling the second-highest level since 2015.      Last year’s value …
The withdrawal has no current material impact on Abyaar’s financials
1 March 10:18 AM Abyaar to delist from Boursa Kuwait in July
Mubasher: Abyaar Real Estate Development said that Wednesday, 29 July 2020, will be its last trading day on Boursa Kuwait. The announcement has no material impact on the company’s financials in the present time, according to a bourse statement on …
Profits leaped to KWD 1.13 million in Q4-19
18 February 04:16 PM Aqar Real Estate logs 109% higher profit in 2019; dividends proposed
Mubasher: The profit of Aqar Real Estate Investments Company jumped by 108.8% in 2019 to KWD 2.54 million ($8.35 million) when compared to KWD 1.21 million ($3.98 million) in the previous year. Earnings per share (EPS) rose to 11.98 fils last year …
Port Ghalib spans over 30 million square meters
18 February 02:47 PM MAK Group’s unit to build new hotel with EGP 500m investments
Cairo – Mubasher: MAK Investments Holding, a subsidiary of Mohammed Abdulmohsin Al Kharafi and Sons Company (MAK Group), signed a contract to build a new Mövenpick hotel in Port Ghalib on the Red Sea’s western shore. With total investments of EGP …
Losses totalled 944,085 in Q4-19
18 February 10:56 AM Ajial Real Estate posts 19% lower profit in 2019; dividends proposed
Mubasher: Ajial Real Estate Entertainment reported an 18.61% drop in profits by 2019 year-end to KWD 2 million ($6.57 million) as compared to KWD 2.46 million ($8.08 million) in 2018. Earnings per share fell to 10.87 fils last year when compared …
Mena owns around 78% of Rasmal Holding Company
13 February 03:20 PM Rasmal to buy KWD 10m assets from Mena Real Estate
Mubasher: The board of Mena Real Estate reached a preliminary approval on the offer submitted by its subsidiary Rasmal Holding Company to purchase some of the first’s assets and investments worth KWD 10.25 million.      The transaction’s material …