Effect Real Estate Co (EFFECT) News - Mubasher Info
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31 July 11:27 PM

Effect Real Estate Co

Last update: 29 August 2019 11:15 AM market time.
20.50
0.20
0.99%
Open 24.00
Previous Close 20.30
High 24.00
Low 20.50
Stock Statistics
Volume 211,462
Turnover 4,335.59
All data are 15 minutes late during market session

News

Ithmaar Holding is listed on three stock markets
18 September 2019 00:58 PM Boursa Kuwait halts stocks from trading
Mubasher: Boursa Kuwait announced that it has suspended trading on the stocks of Tamkeen Holding Co and Ream Real Estate Co as they had not submitted the financial statements for the period ended on 30 June 2019. Moreover, Ithmaar Holding and …
Stock Evaluations
Boursa Kuwait will suspend trading on Effect shares on 1 September
1 September 2019 10:06 AM Boursa Kuwait suspends trading on Effect shares
Mubasher: Boursa Kuwait announced that it will suspend trading on Effect Real Estate Company share starting from Sunday, 1 September. The action was taken upon the decision of the postponed extraordinary general assembly regarding the company's …
Market News
Net losses amounted to KWD 200,010 in the 12-month period ended in January
1 May 2019 05:22 PM Effect Real Estate’s losses fall 43% in 12M
Mubasher: Effect Real Estate reported a 43% year-on-year drop in losses for the fiscal year ended 31 January. Net losses amounted to KWD 200,010 in the 12-month period ended in January, compared to KWD 351,140 in the same period of the prior year, …
Financial Results
9 December 2018 04:12 PM Effect Real Estate losses deepen 237% in Q3
Global Markets brief
Losses amounted to about KWD 16,820 ($55,800) in Q1
7 June 2018 10:25 AM Effect Real Estate losses shrink 74% in Q1
Mubasher: Effect Real Estate Co reported a decline of 74.4% in losses during the first quarter that ended on 30 April 2018 when compared to the same period in the previous year. Losses amounted to about KWD 16,820 ($55,800) in Q1 that ended on 30 …
Financial Results
Losses amounted to KWD 351,140 in FY18
25 April 2018 10:23 AM Effect Real Estate FY18 financials turn to negative
Mubasher: Effect Real Estate Company on Wednesday revealed that the company’s losses rose 19.7% year-on-year for the fiscal year ended 31 January 2018. Losses amounted to KWD 351,140 in FY18, compared to KWD 293,450 during FY17, according to the …
Financial Results
Shuaiba’s capital is worth KWD 10.07 million
21 December 2017 04:48 PM Al Safat Investment owns largest stake in Shuaiba
Mubasher: Al Safat Investment and its group, including Al Assriya Printing, Publishing, and Distribution, Dar Al Safa for General Trading, Al Safat Holding, and Effect Real Estate Co acquired an equity in Shuaiba Industrial. According to Boursa …
Companies Investments
The losses enlarged to nearly KWD 84,750
14 December 2017 10:45 AM Effect Real Estate incurs higher losses in Q3
Mubasher: Effect Real Estate Co has suffered an increase of 221.3% in losses during the third quarter ended on 31 October 2017 compared to the same period last year. The losses enlarged to nearly KWD 84,750 ($281,000) in the third quarter ended on …
Financial Results
Effect posted a decline of 82.4% in losses in the fiscal year
12 June 2017 10:49 AM Effect Real Estate incurs losses in Q1
Kuwait – Mubasher: Effect Real Estate Co has suffered a loss of about KWD 56,650 ($215,860) in the first quarter ended 30 April 2017 against a profit of nearly KWD 9,440 ($31,040) in the same period of 2016. The negative turn in the first …
Financial Results
The board recommended distributing no dividends to shareholders - (Photo Credit: Arabianeye-Reuters)
10 April 2017 04:14 PM Effect Real Estate narrows annual losses
Kuwait - Mubasher: The financial statements of Effect Real Estate Company showed a decrease in annual losses in the period ended 31 January 2017 by 82.4% year-on-year. The company said in a statement to Boursa Kuwait on Monday that during that …
Financial Results
The financial impact will appear in Q1 statements (Photo Credit: Arabianeye-Reuters)
25 January 2017 01:29 PM Kuwait’s Effect buys property in UAE
Kuwait – Mubasher: Effect Real Estate Co has purchased two real estate units in the UAE for KWD 80,000 ($261,800). A revenue of 9% is expected from the sale deal, the company said in a bourse filing issued on Wednesday. It added that the financial …
Companies Investments
Effect Real Estate mulls buying real estates in UAE
28 December 2016 05:52 PM Effect Real Estate mulls buying real estates in UAE
Kuwait – Mubasher: Kuwaiti listed Effect Real Estate Co. said it studies buying real estate assets in the United Arab Emirates. The company noted that it didn’t sign any deals until now, according to a bourse filing. Effect Real Estate reported …
Companies Investments
Net profit reached KWD 1,615 ($5,340) in Q2 - Photo Credit: Reuters
16 August 2016 03:14 PM Effect Real Estate turns a profit in Q2
Kuwait – Mubasher: Effect Real Estate turned into profits during the second quarter of 2016, according to a bourse filing. Net profit reached KWD 1,615 ($5,340) in the second quarter against KWD 827 losses for the year-ago period.    Over the …
Financial Results
Photo Credit: Arabianeye-Reuters
22 March 2016 08:59 AM Al Safat Real Estate changes name into Effect Real Estate
Kuwait-Mubasher: Al Safat Real Estate has started trading under a new name on Tuesday, 22 March. Al Safat Real Estate’s name was changed to Effect Real Estate, the company noted in a statement. The company has been listed in Kuwait Stock …
Corporate Actions
Photo Credit: Arabianeye-Reuters
15 March 2016 00:49 PM Al Safat Real Estate to modify name 22 March
Kuwait-Mubasher: Al Safat Real Estate will change its name to Effect Real Estate starting from 22 March, according to a statement issued on Tuesday. It is noteworthy that the company has been listed in Kuwait Stock Exchange’s parallel market since …
Corporate Actions
Photo Credit: Arabianeye-Reuters
14 December 2015 09:21 AM Al Safat Real Estate’s 9M financials turn negative
Kuwait-Mubasher: Al Safat Real Estate posted negative turn in financials of the nine months ended 31 October, 2015. The Kuwaiti company reported losses worth about KWD 53,700 ($177,000) in 9M-15, against earnings of nearly KWD 96,900 ($319,300) in …
Financial Results
Photo Credit: Arabianeye-Reuters
9 December 2015 11:29 AM Al Safat to discuss Q3 financials mid-December
Kuwait-Mubasher: Al Safat Real Estate will hold a board meeting on 13 December to review the financial statements of the third quarter ended 31 October, 2015. The Kuwait Stock Exchange has suspended trading on the company’s stock until its capital …
Event
Photo Credit: Arabianeye-Reuters
9 December 2015 09:59 AM KSE suspends trading on shares of eight firms
Kuwait-Mubasher: Kuwait Stock Exchange (KSE) has decided to suspend trading on shares of eight companies which have not yet provided their financial statements, held their ordinary general meeting (OGM) or completed their capital reduction. KSE …
Corporate Actions
Photo Credit: Arabianeye-Reuters
16 September 2015 03:22 PM Al Safat Real Estate to freeze dividends, offset losses
Kuwait-Mubasher: Al Safat Real Estate held its ordinary and extraordinary general meetings on Wednesday, according to a bourse statement. The meeting resulted in withholding the dividends of the fiscal year ended 31 January, 2015. The company …
Corporate Actions
Photo Credit: Arabianeye-Reuters
1 September 2015 11:39 AM Al Safat to study freezing dividends, cutting capital
Al Safat Real Estate will hold its ordinary and extraordinary general meetings on 16 September to study the board’s proposal of withholding dividends for the fiscal year ended 31 January, 2015. Offsetting the company’s KWD 16.63 million …
Company News
Photo Credit: Arabianeye-Reuters
26 August 2015 09:37 AM Al Safat to offset losses, look into halting dividends
Al Safat Real Estate will hold its ordinary and extraordinary general meetings on Wednesday to consider the recommendation of withholding dividends for the fiscal year ended 31 January, 2015. The meeting will also discuss the board’s proposal of …
Company News
Photo Credit: Arabianeye-Reuters
15 June 2015 09:02 AM Al Safat Real Estate turns to loss in Q1
Al-Safat Real Estate suffered losses worth about KWD 2,320 ($7,650) in the first quarter ended 30 April, 2015, against earnings of around KWD 762,280 ($2.51 million) in the same period of 2014.Losses from sale of assets outweighed net earnings …
Company News
Photo Credit: Arabianeye-Reuters
30 April 2015 09:31 AM Al-Safat Real Estate FY14 financials turn positive
Al-Safat Real Estate recorded earnings worth about KWD 30,020 ($99,370) in the fiscal year ended 31 January, 2015 against losses worth KWD 1.11 million ($3.68 million) in the same period of 2014.The company’s capital stands at KWD 24 million, …
Company News
Photo Credit: Arabianeye-Reuters
29 April 2015 07:59 AM Investors of 13 KSE-listed firms await key events
Shareholders of thirteen companies listed on Kuwait Stock Exchange are anticipating major events to take place on 29 April, as Kuwait Cement’s ordinary general meeting (OGM) will discuss the board’s proposal of distributing 18% cash …
Company News
Photo Credit: Arabianeye-Reuters
27 April 2015 10:27 AM Two real estate firms to discuss financials late April
Aayan Real Estate’s board of directors will discuss the financial statements of the quarter ended 31 March, 2015 on 30 April.The board of Al-Safat Real Estate will review, on 29 April, the financial statements of the fiscal year ended 31 January, …
Company News