Al Kout Industrial Projects (ALKOUT)

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News

23 June 2020 05:32 PM Al Kout to distribute 50% dividends for 2019

Mubasher: The general assembly of Al Kout Industrial Projects on Tuesday approved the recommendation of the board of directors to distribute dividends for 2019. The dividends will be distributed at 50 fils per share, with a total valued of KWD …

Cash Dividends

14 May 2020 11:17 AM Al Kout signs KWD 10m credit facility deal with local bank

Mubasher: Al Kout Industrial Projects has signed a credit facility agreement with Boubyan Bank at a total value of KWD 10 million to finance the company’s activities. The transaction has a positive impact that will reflect on the company's …

Companies Investments

15 April 2020 09:59 AM Al Kout’s earnings down 24% in 2019; dividends proposed

Mubasher: Al Kout Industrial Projects recorded 23.9% lower profits in the fiscal year (FY) 2019 at KWD 4.79 million ($15.42 million), compared with KWD 6.29 million ($20.25 million) a year earlier. The drop in the 2019 results was helped by lower …

Financial Results

30 March 2020 09:50 AM Al Kout inks $8m contract to supply Saudi Arabia with hydrochloric acid

Mubasher: Al Kout Industrial Projects has signed a one-year contract to supply Saudi Arabia with 70,000 tonnes of hydrochloric acid at a total value of $7.7 million. The agreement was penned with Rawabi Marketing International Company …

Companies Investments

7 November 2019 11:47 AM Al Kout Industrial Q3 profits up 7%

Mubasher: Al Kout Industrial Projects has reported a 7.14% increase in profits during the third quarter (Q3) of the year, according to a statement to Boursa Kuwait on Thursday. Profits reached KWD 1.43 million ($4.72 million) in Q3-19, compared …

Company News

9 October 2019 10:14 AM Al Kout inks KWD 880k deal with Kuwait’s electricity ministry

Mubasher: Al Kout Industrial Projects signed a contract worth KWD 879,780 with the Kuwaiti Ministry of Electricity and Water. The 36-month contract has been effective from 6 October 2019, according to a bourse filing on Wednesday. The project …

Ministries

8 September 2019 04:28 PM Trading on Al Kout’s stock resumes on Sunday

Mubasher: Boursa Kuwait has resumed trading on the stock of Al Kout Industrial Projects as of Sunday, 8 September 2019. Boursa Kuwait clarified that resuming trading activity on Al Kout has followed the company’s disclosure of its financial …

Trading Activities

5 September 2019 05:12 PM Al Kout’s profit goes down in H1-19

Mubasher: Al Kout Industrial Projects has reported an 8.3% year-on-year profit decline during the first six months of 2019, recording KWD 3.36 million ($11.06 million). During the second quarter of 2019, Al Kout’s profit dropped 15.5% to KWD 1.32 …

Trading Activities

1 September 2019 10:32 AM Boursa Kuwait halts 3 companies from trading

Mubasher: Boursa Kuwait has suspended trading on three listed companies due to the lack of financial statements. The three companies are Tamkeen Holding, Reem Real Estate, and Al Kout Industrial Projects, according to the bourse’s statement on …

Market News

20 August 2019 11:03 AM Al Kout inks KWD 767,400 deal with Kuwaiti ministry

Mubasher: Al Kout Industrial Projects announced that it has concluded a deal worth about KWD 767,420 with Kuwait’s Ministry of Electricity and Water (MEW). The contract stipulates to provide supply and delivery works of industrial gases to …

Companies Investments

18 August 2019 00:36 PM Boursa Kuwait suspends trading activity on 3 stocks

Mubasher: Boursa Kuwait announced that it has suspended the trading activity of three listed-companies for various reasons. On Sunday, Boursa Kuwait stated on its official website that it has suspended Al Kout Industrial Projects’ stock from …

Trading Activities

15 August 2019 10:48 AM Financials disclosure period ends in Boursa Kuwait; stocks suspended

Mubasher: Boursa Kuwait announced that the period scheduled for listed companies to disclose their interim financial statements has ended. Following this announcement, trading on five stocks of companies listed on the stock exchange will be …

Markets Regulations

25 July 2019 06:02 PM Al Kout inks $26.8m tenders with Kuwait's electricity ministry

Mubasher: Al Kout Industrial Projects has signed two KWD 8.16 million ($26.81 million) tenders with Kuwait’s Ministry of Electricity and Water. The first tender, whose value amounted to KWD 7.4 million and has a 36-month term, includes the supply …

Utilities

1 May 2019 10:34 AM Al Kout to distribute KWD 5.1m dividends for FY18

Mubasher: Kuwait-based Al Kout Industrial Projects’ shareholders approved the board’s proposal for distributing cash dividends worth KWD 5.05 million at 50 fils per share for the full fiscal year 2018 during a general assembly meeting held on …

Management Decisions

20 March 2019 08:44 PM Al Kout Industrial Projects’ profit catapults in Q4

Mubasher: Al Kout Industrial Projects has reported a 90.6% year-on-year hike in net profit for the fourth quarter of 2018, recording KWD 1.29 million ($4.26 million). The Boursa Kuwait-listed company’s net profit reached KWD 6.29 million in 2018, …

Financial Results

27 January 2019 04:15 PM Al Kout Industrial Projects names new chairman

Mubasher: Al Kout Industrial Projects on Sunday announced electing Mohamed Hussein as the new chairman, representing Afaq Educational Services, to succeed Fahd Al-Jawaan. Moreover, Boubyan Petrochemicals Company’s representative Nawaf Arhamah has …

Board of Directors

30 October 2018 03:47 PM Boubyan Petrochemical acquires 7 million shrs in Al Kout

Mubasher: Boursa Kuwait announced that Boubyan Petrochemical has completed its acquisition of an equity in Al Kout Industrial Projects, according to a bourse disclosure on Tuesday. Boubyan has acquired 7.25 million shares or 7.182% of Al Kout’s …

Mergers and Acquisitions

16 September 2018 11:01 AM Al Kout Industrial gets lowest price in deal with MEW

By: Mohamed Farouk Mubasher: Al Kout Industrial has announced getting the lowest price in a tender related to the Ministry of Electricity and Water (MEW). The deal entails designing, supplying, installing, operating, and maintaining the Chlorine …

Companies Investments

9 September 2018 11:12 AM Accumulation on Al Kout stock to last until October

Mubasher: Boubyan Petrochemical announced that the accumulation period for Al Kout Industrial Projects’ stock will start on Sunday, 9 September, until 10 October. The accumulation will be based on the acquisition price of 766 fils per share, which …

Mergers and Acquisitions

2 September 2018 00:24 PM Al Kout to consider Boubyan’s takeover 5 September

Mubasher: Boursa Kuwait announced that Al Kout Industrial Projects will hold a board meeting on Wednesday, 5 September, to disclose the recommendation regarding Boubyan Petrochemical’s acquisition of the remaining shares of Al Kout, according to a …

General Assembly

28 August 2018 00:51 PM Boubyan Petrochemical to acquire Al Kout for 776 fils/shr

Mubasher: Boubyan Petrochemical announced that the Capital Markets Authority (CMA) on Monday, 27 August, approved publishing the prospectus of the compulsory acquisition of Al Kout Industrial Projects’ remaining shares offered by Boubyan. Boubyan …

Trading Activities

16 May 2018 04:14 PM Al Kout Industrial Q1 profits grow 19%

Mubasher: Al Kout Industrial Projects achieved an increase of 19.3% in profits during the first quarter of 2018 compared to the same period in the prior year. Earnings grew to KWD 2.1 million ($7 million) in Q1-18 from KWD 1.76 million ($5.5 …

Financial Results

2 May 2018 11:19 AM Boubyan Petrochemical confirms takeover of Al Kout

Mubasher: Boubyan Petrochemical has affirmed its compliance with submitting its compulsory acquisition document to the Capital Markets Authority (CMA). Boubyan will take over the remaining shares in Al Kout during 90 days starting from Wednesday, …

Mergers and Acquisitions

4 April 2018 04:45 PM Boubyan Petrochemical wins Al Kout’s shares auction

Mubasher: Boursa Kuwait announced that the procedures for selling 21.9 million of Al Kout Industrial Projects’ shares have completed. Boubyan Petrochemical has won the auction, according to a bourse statement on Wednesday. The auction started with …

Trading Activities

4 April 2018 10:43 AM Al Kout to offer 21.7% of capital for sale in auction

Mubasher: Boursa Kuwait announced that an auction will be held on Wednesday to offer 21.7% of Al Kout Industrial Projects’ capital for sale. Al Kout will offer 21.9 million of its shares for sale at a premium price of 710 fils each, with a total …

Trading Activities