KSA
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Closed
27 December 02:16 AM

Sector News

Photo Archive
16 June 2022 07:08 PM Kuwait’s Al Arabia Real Estate exits EG Bank for over $10m
Mubasher: Kuwaiti firm Al Arabia Real Estate Company has sold its stake in the Egyptian Gulf Bank (EG Bank) for $10.17 million. Kuwait Barraries Trading Company has purchased the Boursa Kuwait-listed company’s equity in EG Bank, equivalent to …
Companies Investments
Photo Archive
6 February 2022 10:05 AM Al Mazaya turns to profitability in 2021
Mubasher: Al Mazaya Holding has achieved KWD 406,108 net profits attributable to the shareholders in 2021, against net losses of KWD 8.48 million in the previous year, according to the company's consolidated financials for the year ended 31 …
Financial Results
The company's revenues decreased to KWD 9.472 million
11 November 2021 10:09 AM Al Mazaya turns to profitability in 9M
Mubasher: Al Mazaya Holding reported net profits attributable to the shareholders of KWD 148,200 during the first nine months of 2021, against net losses of KWD 5.266 million in the same period of 2020, according to the company's unaudited interim …
Financial Results
The value of the transaction amounts to KWD 2.1 million
2 November 2021 05:16 PM Al Arabiya Real Estate to sell entire stake in Egypt's Sharm Dreams
Mubasher: Al Arabiya Real Estate, listed on Boursa Kuwait, has reached an agreement to sell its entire stake in Egypt's Sharm Dreams for Real Estate Development Co, amounting to 5.47 million shares, for KWD 2.1 million (EGP 110 million).  A total …
Real estate
The board has also agreed on setting off the entire accumulated losses
26 September 2021 11:23 AM Al Mazaya's First Dubai Real Estate sells stake in Saudi subsidiary
Mubasher: The board of First Dubai Real Estate Development Company, a subsidiary of Al Mazaya Holding, has approved to sell all shares of a subsidiary company in Saudi Arabia in exchange for KWD 15.5 million. The board has also agreed on setting …
Companies Investments
The company's revenues decreased to KWD 6.354 million
4 August 2021 01:38 PM Al Mazaya Holding turns to profitability in H1-21
Mubasher: The net profits attributable to the shareholders of Al Mazaya Holding recorded KWD 84,233 during the first half (H1) of 2021, against net losses of KWD 4.949 million in the year-ago period, as shown by the company's interim consolidated …
Trading Activities
The transaction is valued at KWD 10.5 million
1 June 2021 03:02 PM Kamco Invest completes 24% stake exit in Al Mazaya Holding on behalf of client
Mubasher: Kamco Invest has completed the exit of a 24% stake in Al Mazaya Holding on behalf of a client at a total value of around KWD 10.5 million. The Special Situations Asset Management, in collaboration with Investment Banking, at Kamco Invest …
Companies Investments
The deal is priced at KWD 0.063 per share
31 May 2021 01:41 PM Al Mazaya Holding announces off-market trade on 60m shares
Mubasher: Bait Al-Amar Al-Khaleeji General Trading and Contracting has purchased 60.029 million shares of Al Mazaya Holding from Gimbal Holding Company through an off-market trade. The deal is priced at KWD 0.063 per share, aggregating at a total …
Companies Investments
The transaction is valued at KWD 0.063
24 May 2021 04:06 PM Al Mazaya Holding announces off-market trade on 80m shares
Mubasher: Bait AL-Amar Al-Khaleeji General Trading and Contracting has purchased 80 million shares of Al Mazaya Holding from Gimbal Holding Company in an off-market trade. The transaction is valued at KWD 0.063, aggregating at a total amount of …
Companies Investments
The facility will enable the company to reprofile its outstanding facility
20 May 2021 04:30 PM Al Mazaya Holding inks KWD 24m credit facility contracts
Mubasher: Al Mazaya Holding has signed KWD 24.488 million ($81.21 million) credit facility contracts with a Kuwaiti bank to restructure its debt. The credit facility will enable the company to reprofile its original outstanding facility of KWD …
Companies Investments
The deal was priced at 70 fils per share
20 May 2021 01:46 PM Al Mazaya Holding completes off-market trade for 25m shares
Mubasher: Al Mazaya Holding has announced the execution of an off-market trade for 25 million of its shares on Boursa Kuwait. The deal was priced at 70 fils per share, aggregating at a total amount of KWD 1.75 million ($5.83 million), according to …
Companies Investments
The basic EPS settled at 0.07 fils in Q1-21
27 April 2021 00:43 PM Al Mazaya Holding turns to profitability in Q1-21
Mubasher: Al Mazaya Holding has reported KWD 41,649 net profits attributable to the shareholders of the parent company during the first quarter (Q1) of 2021, against net losses of KWD 3.46 million in the year-ago period, according to the company's …
Financial Results
The capital will be reduced to KWD 62.956 million
26 April 2021 11:12 AM Al Mazaya's EGM approves 8.5% capital cut
Mubasher: The extraordinary general meeting (EGM) of Al Mazaya Holding has approved to decrease the capital at a nominal value of treasury shares, amounting to KWD 5.872 million, by 8.53%. The capital will be reduced to KWD 62.956 million from …
Management Decisions
The agreement will not have an impact on the company's financial position
31 March 2021 09:57 AM Al Mazaya's board approves KWD 24m facility agreement with Kuwaiti bank
Mubasher: The board of Al Mazaya Holding has approved to sign a facility agreement worth KWD 24.488 million with a Kuwaiti bank to restructure the original outstanding facility of KWD 22.7 million. The first payment is due upon signing the final …
Companies Investments
The company's accumulated losses represent 5.42% of the capital
22 February 2021 03:07 PM Al Mazaya's OGM agrees to extinguish KWD 4m accumulated losses
Mubasher: The ordinary general meeting (OGM) of Al Mazaya Holding has approved to write off the accumulated losses valued at KWD 3.73 million as of 31 December 2020. The company's accumulated losses, which represent 5.42% of the capital, will be …
General Assembly
The losses are mainly driven by the coronavirus (COVID-19) pandemic
1 February 2021 09:54 AM Al Mazaya reports 3% lower losses in 2020
Mubasher: Al Mazaya Holding reported an around 3% decline in net losses attributable to the parent company's shareholders to KWD 8.48 million in 2020, compared to KWD 8.77 million in 2019, according to the company's consolidated financial results …
Financial Results
The company's revenues increased to KWD 16.51m
5 November 2020 10:10 AM Al Mazaya sees higher losses in 9M
Mubasher: Al Mazaya Holding, listed on Boursa Kuwait and the Dubai Financial Market (DFM), incurred KWD 5.27 million net losses attributable to the shareholders of the parent company in the first nine months of 2020, up from KWD 3.91 million in …
Financial Results
The former Chairman caused severe damage to the company
21 September 2020 10:25 AM Investors Holding Group sues former Chairman of Egyptian unit
Mubasher: Investors Holding Group has filed a lawsuit against the former Chairman of its subsidiary Grand Real Estate Projects – Egypt, Ahmed Abdel Fattah Bayoumi Badr. The Kuwaiti firm said that the former Chairman violated his duties and caused …
Corporate Actions
The basic losses per share stood at 7.89 fils
13 August 2020 02:40 PM Al Mazaya turns to losses in H1-20
Mubasher: The consolidated financial results of Al Mazaya Holding, listed on Boursa Kuwait and the Dubai Financial Market (DFM), showed KWD 4.95 million ($16.21 million) net losses attributable to the shareholders of the parent company in the …
Financial Results
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 …
Financial Results
The initiative involves postponing and reducing rent fees
2 July 2020 00:03 PM Al Mazaya subsidiaries offer rent incentives against COVID-19
Mubasher: Al Mazaya Holding, listed on Boursa Kuwait and the Dubai Financial Market (DFM), announced that some of its subsidiaries have adopted an incentives package to support tenants and real estate investors affected by the coronavirus …
Management Decisions
Photo Archive
23 June 2020 05:24 PM Abyaar to resume trading tomorrow
Mubasher: Boursa Kuwait announced that trading the stock of Abyaar Real Estate Development will resume on Wednesday. The stock was suspended as the company did not pay the subscription fees for 2020. A total of 14 stocks were recently announced to …
Trading Activities
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 …
Board of Directors
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 …
General Assembly
Net operating losses increased to KWD 830,040
27 May 2020 04:47 PM Abyaar's losses halve in 2019
Mubasher: Abyaar Real Estate Development reported a 50% year-on-year (YoY) drop in its net losses during 2019. The company suffered net losses of KWD 15.78 million ($51.2 million) last year, down from KWD 31.67 million ($102.7 million) in 2018, …
Financial Results