KFIC Invest K.S.C.P (KFIC`R)

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News

18 May 2020 02:32 PM Gulf Bank sells stake in KFIC

Mubasher: Boursa Kuwait on Monday announced that Gulf Bank has sold its 22.05 million-share stake in Kuwait Finance and Investment’s (KFIC) capital to Abdullah Al Hamad Al Saqr and Brothers Co. The sale process was carried out via an agreed …

Companies Investments

6 February 2020 11:02 AM KFIC inks KWD 1.5m term loan deal

Mubasher: Kuwait Finance and Investment (KFIC) has signed a KWD 1.5 million term loan facility agreement with a Kuwaiti bank to finance the company’s expansion activities. The loan carries a maturity period of three years and will be repaid over …

Companies Investments

5 January 2020 10:45 AM KFIC sells 13.3m shares in Mena Real Estate

Mubasher: Kuwait Finance and Investment (KFIC) has sold 13.26 million of its shares in Mena Real Estate. The deal was concluded on Tuesday, 31 December 2019, Mena Real Estate said in a bourse statement on Sunday.   In November, the target of …

Real estate

31 December 2019 06:18 PM KFIC gains KWD 503K profits after exiting assets

Mubasher: Kuwait Finance and Investment (KFIC) achieved profits of around KWD 503,000 after it had existed some assets. KFIC signed a final sale deal at a value of KWD 2.6 million to exist some of its assets, including Taameer Real Estate …

Companies Investments

28 November 2019 03:30 PM ABK exits entire stake in KFIC

Mubasher: Al Ahli Bank of Kuwait (ABK) announced on Thursday the sale of its stake in Kuwait Finance and Investment (KFIC). The sold stake amounted to roughly 25.984 million shares, or 8.047% of KFIC’s capital, according to the lender’s bourse …

Company News

13 November 2019 00:07 PM KFIC’s profit soars in Q3-19

Mubasher: Kuwait Finance and Investment (KFIC) has posted a 471.1% year-on-year profit hike during the third quarter of the fiscal year 2019. The company’s profit surged to KWD 92,580 ($305,420) in Q3-19, compared to KWD 16,210 ($53,480) in the …

Financial Results

2 October 2019 01:53 PM KFIC seals KWD 25m MoU to exit assets

Mubasher: Kuwait Finance and Investment (KFIC) has signed a memorandum of understanding (MoU) of approximately KWD 25 million to sell some of the group’s assets. The MoU is a non-binding agreement until the assessment and due-diligence …

Companies Investments

11 September 2019 00:13 PM KFIC’s stock hits 5M-high on Wednesday

Mubasher: The stock of Kuwait Finance and Investment (KFIC) led Boursa Kuwait’s gainers during Wednesday’s session, reaching its highest level in five months. By 11:32 am, the stock rose by 2.6% to 48 fils after 8.2 million shares were traded, …

Stock Evaluations

15 May 2019 10:00 PM KFIC’s profit soars 243% YoY in Q1

Mubasher: Kuwait Finance and Investment (KFIC) has recorded a 243% year-on-year profit hike during the first quarter of 2019. The company’s profit surged to KWD 269,740 ($886,427) in Q1-19 versus KWD 78,690 ($258,593), according to a bourse …

Financial Results

10 April 2019 10:29 AM KFIC exits from $1.34m investment

Mubasher: Kuwait Finance and Investment (KFIC) on Wednesday announced exiting from an investment in a subsidiary, Bein Bridge- GCC, with a total value of KWD 407,000 ($1.34 million). The divestment led to incurring a net loss of KWD 87,180 …

Management Decisions

31 March 2019 03:40 PM KFIC’s losses rise 62% in 2018

Mubasher: Kuwait Finance and Investment (KFIC) on Sunday reported a 62% year-on-year hike in losses during the fourth quarter of 2018. KFIC’s losses amounted to KWD 118,030 ($389,470) in Q4-18, up from KWD 72,790 ($240,190) during Q4-17, according …

Financial Results

12 March 2019 04:34 PM KFIC receives $2m income from exiting investment in Yemen

Mubasher: Kuwait Finance and Investment (KFIC) has registered a net profit of $2.09 million (KWD 633,870) from exiting an investment in Yemen. The profits will be registered in the income statements of the first quarter of 2019, according to a …

Companies Investments

11 November 2018 10:16 AM KFIC profits leap 121% in Q3

Mubasher: Kuwait Finance and Investment Company (KFIC) on Sunday reported a profit surge for the third quarter of 2018. KFIC logged KWD 122,700 ($404,000) in profits in the period between July and September, up 121% year-on-year from KWD 55,500 …

Financial Results

9 August 2018 05:55 PM KFIC acquires KWD 890,000 portfolio

Mubasher: Kuwait Finance and Investment (KFIC) has signed an agreement with a leading company in the retail business in Kuwait to acquire a client portfolio valued at about KWD 890,000 in installments. KFIC expected a return ranging from 11% to …

Companies Investments

4 July 2018 04:11 PM KFIC to acquire $5m retail portfolio

Mubasher: Kuwait Finance and Investment (KFIC) has sealed an agreement with a leading company in the retail industry in Kuwait to acquire a client’s portfolio in instalments. The takeover deal is valued at KWD 1.5 million ($5 million), with an …

Companies Investments

25 June 2018 04:07 PM KMEFIC’s subsidiary inks MoU with KFIC

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) announced that its 90%-owned subsidiary Middle East Financial Brokerage Co has signed a non-binding memorandum of understanding (MoU) with KFIC Financial Brokerage, a 98.5%-owned …

Mergers and Acquisitions

6 June 2018 02:44 PM KFIC settles debt with default client

Mubasher: Kuwait Finance and Investment (KFIC) has reached an agreement with one of its default clients since 2010. The company has settled and rescheduled a debt value of nearly KWD 855,100, according to a bourse statement on Wednesday. KFIC …

Corporate Actions

22 March 2018 01:24 PM KFIC posts 7% rise in FY17 profits

Mubasher: Kuwait Finance and Investment (KFIC) incurred an increase of 573.4% in losses during the fourth quarter of 2017 compared to the same period in the previous fiscal year. Losses enlarged to about KWD 72,790 ($243,110) in Q4-17 from nearly …

Cash Dividends

5 November 2017 06:29 PM KFIC profits surge 35% in 9M

Mubasher: Kuwait Finance and Investment (KFIC) on Sunday reported a 35% year-on-year rise in profits for the first nine months of 2017. Net profit amounted to KWD 299,483 in the nine-month period ended September 2017, versus KWD 222,303 in the …

Financial Results

21 June 2017 02:07 PM KFIC settles KWD 3.35m debts with client

Kuwait – Mubasher: Kuwait Finance and Investment Company (KFIC) has agreed with a client on settling and rescheduling a default of KWD 3.35 million since 2010. This debts settlement will be done through an income-generating real estate asset, as …

Companies Investments

16 May 2017 10:24 AM KFIC turns to profits in Q1

Kuwait – Mubasher: Kuwait Finance and Investment (KFIC) on Tuesday announced turning to profits in the first quarter of 2017, against losses in the year-ago period. Net profits reached KWD 146,350 ($479,550) in the first three months of 2017, …

Financial Results

4 May 2017 00:51 PM KFIC seals acquisition deal in US

Mubasher: Kuwait Finance and Investment Company (KFIC) has completed the procedures required for the takeover of the Lake Calhoun Center building in the state of Minneapolis in the US. KFIC said that its share in this investment stands at 35%, …

Mergers and Acquisitions

2 April 2017 09:31 AM KFIC incurs KWD 10,000 losses in Q4

Mubasher: Kuwait Finance and Investment (KFIC) suffered a loss of KWD 10,000 ($32,740) during the fourth quarter of 2016 versus a net profit of about KWD 269,000 ($880,640) in the same period a year ago. During fiscal year 2016, earnings shrank by …

Financial Results

16 March 2017 05:06 PM KFIC unit raises capital

Mubasher: Kuwait Finance and Investment (KFIC) said that its subsidiary, KFIC Financial Brokerage, raised its capital to KWD 10 million ($33.3 million) from KWD 3 million ($9.8 million). The capital hike followed the requirement of having a …

Corporate Actions

23 November 2016 00:50 PM KFIC to get KWD 1.95m on court ruling

Kuwait – Mubasher: Kuwait Finance and Investment (KFIC) said that the court of capital markets has ordered Arabian Capital Holding Company to pay KWD 1.95 million ($6.4 million) to KFIC. Arabian Capital has filed a lawsuit against KFIC, claiming a …

Law