Coast Investment and Development (COAST) News - Mubasher Info
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Coast Investment and Development (COAST`R)

Last update: 8 May 12:42 PM market time.
62.00
0.10
0.16%
Open 62.60
Previous Close 61.90
High 62.60
Low 61.20
Stock Statistics
Volume 315,050
Turnover 19,414.33
All data are 15 minutes late during market session

News

This step was made after Coast Investment had cancelled its treasury shares
5 September 2021 03:37 PM National International Holding raises ownership in Coast Investment
Mubasher: National International Holding Company has raised its ownership in the associate company, Coast Investment and Development Company, to 31.65% from 29.59%. This step was made after Coast Investment had canceled its treasury shares, …
The profits totalled KWD 586,493 by 2019 year-end
9 April 2020 10:03 AM Coast Investment’s profit plunges 59% in 2019
Mubasher: Coast Investment and Development Company achieved net profits of KWD 586,493 ($1.89 million) in the fiscal year (FY) ended in December 2019, 59.14% lower than KWD 1.43 million (around $4.64 million) in 2018. The lower annual earnings are …
Photo Archive
10 November 2019 04:23 PM Coast Investment turns to losses in Q3
Mubasher: Coast Investment and Development Company has turned to losses during the third quarter (Q3) of the year, as shown by the company’s financial statements. Losses amounted to KWD 611,000 ($2 million) in Q3-19, versus profits of KWD 694,000 …
12 December 2018 05:28 PM AlKhair National sells KWD 6m equity in Coast for NIH
Earnings grew to KWD 1.52 million in Q4-17
22 March 2018 11:47 AM Coast Investment records higher profits in FY17
Mubasher: Coast Investment and Development achieved an increase of 58.8% in profits during the fourth quarter of 2017 compared to the same period in the prior year. Earnings grew to KWD 1.52 million ($5.08 million) in Q4-17 from KWD 957,000 ($3.2 …
A revenue of KWD 142,000 is expected to be generated
24 December 2017 04:22 PM Coast Investment exits $3.1m asset in US
Mubasher: Coast Investment and Development has sold an asset in the United States for KWD 934,000 ($3.1 million), according to a bourse filing on Sunday. A revenue of KWD 142,000 is expected to be generated from this sale deal, and will be …
Photo Credit: Arabianeye-Reuters
10 May 2017 10:13 AM Coast Investment Q1 financials turn profitable
Kuwait – Mubasher: Coast Investment and Development achieved a profit of KWD 79,000 ($258,940) in the first quarter of 2017 against a loss of about KWD 424,800 ($1.39 million) in the same period of 2016. The net operating profit stood at around …
Photo Credit: Arabianeye-Reuters
28 March 2017 10:00 AM Coast Q4 financials turn profitable
Mubasher: Coast Investment and Development achieved profits worth about KWD 958,400 ($3.14 million) during the fourth quarter of 2016 against losses of KWD 7.76 million ($25.44 million) in the same period a year ago. During the fiscal year, the …
Results showed a profit of KWD 1.11 million in nine months (Photo Credit: Arabianeye-Reuters)
13 November 2016 10:19 AM Coast Q3 profits surge on higher investment income
Kuwait – Mubasher: Coast Investment and Development Company’s profits jumped 3075% year-on-year in the third quarter of 2016, the company’s bourse statement on Sunday showed. Profits reached KWD 1.44 million ($4.74 million) in Q3-16, compared with …
Photo Credit: Arabianeye-Reuters
1 September 2016 10:39 AM Coast temporarily names Al Nesef as CEO
Kuwait – Mubasher: Coast Investment and Development has temporarily assigned the works of the CEO to Thamer Al Nesef, starting from 1 September. This steps comes until the company appoints a new CEO within the grace period determined by the …
Photo Credit: Arabianeye-Reuters
31 August 2016 00:43 PM Coast’s CEO contract ends
Kuwait – Mubasher: Coast Investment and Development announced that Khaled Al Ousaimy has ended his working period as a CEO of the company. This action is effective on 31 August, 2016, according to a recent bourse statement. Coast had announced …
Photo Credit: Arabianeye-Reuters
15 August 2016 04:06 PM Coast Investment’s losses down 70% in H1
Kuwait - Mubasher: Coast Investment and Development Company recorded a 52.2% decline in profits in the second quarter of 2016 to KWD 94,680 ($313,61), compared to KWD 198,150 ($656,340) in the same period last year. As for the first half of the …
The shares will be offered for sale starting from 11 August (Photo Credit: Arabianeye-Reuters)
14 August 2016 00:27 PM CMA approves sale of Coast Investment shares
Kuwait – Mubasher: Coast Investment and Development was granted the Capital Markets Authority’s (CMA) approval for selling 44.57 million treasury shares, according to a recent bourse statement. With a six-month duration period, the shares will be …
Photo Credit: Arabianeye-Reuters
28 March 2016 11:07 AM Coast Investment’s losses deepen in fourth quarter
Kuwait-Mubasher: Coast Investment and Development suffered losses worth KWD 7.75 million ($25.6 million) in the fourth quarter of 2015, an increase of 11.63% as compared to KWD 6.9 million ($22.8 million) in the same period of 2014 The …
Photo Credit: Arabianeye-Reuters
6 March 2016 09:31 AM Coast Investment files lawsuit to claim repayment
Kuwait-Mubasher: Coast Investment and Development has lodged a lawsuit to claim a repayment of KWD 275,000 ($915,327), the company said in a bourse announcement. The court has set 22 June to look into the case brought by Coast against Moya Project …
Photo Credit: Arabianeye - Reuters
15 November 2015 00:19 PM Coast Investment moves to loss in 9M
Kuwait – Mubasher: Coast Investment & Development Co. logged KWD 982,130 ($2.23 million) net loss for the nine-month period ended 30 September, 2015. The company earlier posted KWD 16.65 million ($54.72 million) profit in the first nine months of …
Photo Credit: Arabianeye-Reuters
28 October 2015 03:09 PM Coast closes 2 deals, makes KWD 9.2m in losses
Kuwait-Mubasher: Coast Investment and Development said that the sale of 219.9 million shares of subsidiary Kuwaiti German Holding at 39 fils each at a public auction reflected negatively on the financial position of Coast. The company suffered a …
Photo Credit: Arabianeye-Reuters
26 October 2015 10:35 AM Coast Investment requests suspension of trading
Kuwait-Mubasher: Coast Investment and Development requested to suspend trading on its shares as of 26 October, until registering the financial impact resulted from assets sale in a public auction. The unlisted 219.9 million shares of subsidiary …
Photo Credit: Arabianeye-Reuters
25 October 2015 09:21 AM Coast’s 2 units receive zero purchase offers
Kuwait-Mubasher: Coast Investment and Development said that no purchase offer was delivered for the shares of both Kuwaiti German Holding and Gazal Logistics and Warehousing Company, on the public auction held 22 October. The Kuwaiti company noted …
Photo Credit: Arabianeye-Reuters
9 August 2015 00:15 PM Coast Investment cleared by regulator to sell 44.57m shares
The Kuwaiti Capital Market Authority (CMA) agreed on offering the 44.57 million shares of Coast Investment and Development for sale as of 5 August for a period of six months, the company said in a bourse filing. The company’s losses shrank 55% to …
Photo Credit: Arabianeye-Reuters
9 August 2015 09:04 AM Kuwaiti conglomerate Coast cuts losses by more than half
Coast Investment and Development decreased its losses by 55% to KWD 1.02 million ($3.36 million) in the first half of 2015, compared to KWD 2.26 million ($7.45 million) in the same period of 2014, the company said in a bourse filing. The company’s …
Badr Al Druze
7 June 2015 09:33 AM KSE to see 5 stocks rise this week – forecasts
The Kuwait Stock Exchange (KSE) benchmark ended last week's trade near the resistance levels of 6,420 and 6,333 points and expected to extend its upside trend this week, said technical analyst Badr Al Druze.The analyst pointed out to five stocks …
Photo Credit: Arabianeye-Reuters
7 May 2015 01:29 PM Coast shareholders approve dividends freeze
Kuwait-Mubasher: Coast Investment and Development shareholders approved withholding a dividend payout for the fiscal year 2014, according to the Kuwait Stock Exchange.Coast’s profit skyrocketed 1207% to reach JOD 9.7 million ($32.3 million) in …
Photo Credit: Arabianeye-Reuters
21 April 2015 10:48 AM Coast Investment to consider no dividends 7 May
Coast Investment and Development’s ordinary and extraordinary general meetings will be held on 7 May to discuss the board’s recommendation of freezing dividends for the fiscal year 2014.The firm posted earnings worth KWD 9.7 million ($32.3 …
25 September 2014 00:53 PM Coast Investment eyes KWD 18.7 mln profit from settling debts
Kuwait-based Coast Investment Co. announced it has successfully concluded an agreement to settle almost all of its debts owed to banks.The company owed to banks a total amount of around KWD 59.91 million, said a bourse filling.Such …