Amar for Finance and Leasing (AMAR`R)

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News

16 June 2019 02:46 PM Amar for Finance’s shareholders reject delisting

Mubasher: The shareholders of Amar for Finance and Leasing declined, during the ordinary general meeting on 13 June, the board’s recommendation to voluntarily withdraw from Boursa Kuwait. The rejection of delisting the company’s shares from Boursa …

General Assembly

4 March 2018 00:36 PM Amar for Finance FY17 losses shrink 12.5%

Mubasher: Amar for Finance and Leasing reported a decrease of 12.5% in losses during fiscal year 2017 compared to the prior year. Losses declined to KWD 1.54 million ($5.14 million) in FY17 from KWD 1.76 million ($5.87 million) in FY16, according …

Financial Results

27 December 2017 03:55 PM Amar for Finance to suspend securities activity

Mubasher: Amar for Finance and Leasing said that the Capital Markets Authority (CMA) approved for the company’s request to suspend its securities activity starting from Thursday, 28 December 2017. The temporary suspension is due to restructuring …

Companies Investments

3 October 2017 01:06 PM Amar sells KWD 7.7m asset in Salmiya City

Mubasher: Amar for Finance and Leasing has transferred the ownership of a real estate asset in Salmiya City in Kuwait for a total value of KWD 7.7 million ($25.6 million). A profit worth KWD 230,000 will be generated from this sale deal and will …

Companies Investments

21 August 2017 04:47 PM Amar to sell property in Salmiya at KWD 7.7m

Mubasher: Amar Finance and Leasing Company announced that it is considering selling a property in Salmiya at KWD 7.7 million. The profits of the deal will be recorded in the financial statements of the fourth quarter of 2017 after the property …

Companies Investments

5 March 2017 04:19 PM Amar for Finance and Leasing turns to losses in Q4

Mubasher: The financial results of Amar for Finance and Leasing showed losses of KWD 1.15 million ($3.76 million) in the fourth quarter last year against profits of KWD 474,130 ($1.55 million) in Q4-15. Annual losses increased by 871.59% to KWD …

Banking and Finance

9 December 2015 01:23 PM Amar inks KWD 3m finance deal

Kuwait-Mubasher: Amar for Finance and Leasing has signed an agreement with a local bank to obtain a Sharia-run finance worth KWD 3 million, according to a bourse statement. The repayment will be made over seven years, Amar noted, adding that the …

Companies Investments

23 April 2015 00:12 PM Amar halts dividends of FY14

Amar for Finance and Leasing agreed on freezing dividends of the fiscal year 2014.The company reduced its losses to about KWD 249,180 ($823,190) in 2014 from KWD 1.78 million ($5.88 million) in 2013.Amar’s capital stands at KWD 20 million, …

Company News

23 April 2015 08:20 AM Investors of 8 KSE-listed firms await key events

Shareholders of eight companies listed on KSE are anticipating major events on 23 April, as National Industries’ ordinary general meeting (OGM) will consider the board’s proposal of paying a cash dividend of 15% or 15 fils per share for the fiscal …

Company News

12 May 2014 04:26 PM Amar Finance incurs KWD 34.8 THD loss during Q1

Amar for Finance and Leasing (AMAR) incurred KWD 34.83 loss in the fiscal period ending March 31, compared with KWD 11.93 thousand loss in the same period a year earlier.Company’s loss per share (LPS) reached 0.2 fils, against 0.1 fils …

Company News

24 February 2014 03:12 PM Amar for Finance posts KWD 1.7 mln profit during FY13

Amar for Finance and Leasing posted KWD 1.782 million profit for the fiscal year ending December 31, 2013, against KWD 217.040 loss in the same period a year earlier.Amar’s earnings per share (EPS) in 2013 advanced to 9.1 fils, against …

Financial Results