Coast Investment and Development (COAST`R)

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News

5 September 2021 00:37 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, …

Companies Investments

9 April 2020 07:03 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 …

Financial Results

10 November 2019 01:23 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 …

Financial Results

12 December 2018 02:28 PM AlKhair National sells KWD 6m equity in Coast for NIH

Global Markets brief

22 March 2018 08:47 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 …

Board of Directors

24 December 2017 01:22 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 …

Companies Investments

10 May 2017 07:13 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 …

Financial Results

28 March 2017 07:00 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 …

Financial Results

13 November 2016 07:19 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 …

Financial Results

1 September 2016 07:39 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 …

Board of Directors

31 August 2016 09:43 AM 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 …

Board of Directors

15 August 2016 01:06 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 …

Financial Results

14 August 2016 09:27 AM 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 …

Insider Trading & Treasury Stocks

28 March 2016 08:07 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 …

Financial Results

6 March 2016 06:31 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 …

Law

15 November 2015 09:19 AM 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 …

Financial Results

28 October 2015 00:09 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 …

Companies Investments

26 October 2015 07:35 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 …

Companies Investments

25 October 2015 06:21 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 …

Mergers and Acquisitions

9 August 2015 09:15 AM 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 …

Company News

9 August 2015 06:04 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 …

Company News

7 June 2015 06:33 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 …

Stock Evaluations

7 May 2015 10:29 AM 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 …

Company News

21 April 2015 07:48 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 …

Company News

25 September 2014 09:53 AM 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 …

Company News