The Energy House Holding (ENERGYH`R)

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News

30 March 2020 03:20 PM Energy House turns to loss in 2019

Mubasher: The Energy House Holding registered KWD 5.47 million worth of losses in the fiscal year (FY) ended in December 2019, against profits of KWD 80,174 in 2018. In the fourth quarter (Q4) of 2019, the losses jumped by 8,554% to reach KWD 1.2 …

Financial Results

11 May 2019 08:47 PM Energy House Holding deepens losses in Q1

Mubasher: The Energy House Holding’s losses were doubled 17 times year-on-year during the first quarter of 2019, recording KWD 2.4 million ($7.9 million). The increase in the company’s loss stemmed from the decline in fair value of assets, …

Financial Results

31 March 2019 03:05 PM Energy House completes exit from Kuwait Energy

Mubasher: The Energy House Holding on Sunday has announced completing its exit from a 13.77% stake in Kuwait Energy Company. The company’s obtained KWD 19.98 million ($65.9 million) after finishing the deal, with a net profit of KWD 5.98 million, …

Companies Investments

21 March 2019 03:53 PM Energy House sells Kuwait Energy stake at $20m

Mubasher: The Energy House Holding on Thursday announced securing $19.98 million from selling its 13%.77% stake in Kuwait Energy Company. Jersey's Royal Court has approved completing United Energy Company's 100% acquisition of Kuwait Energy at a …

Mergers and Acquisitions

5 March 2019 04:47 PM Energy House turns profit in FY18

Mubasher: The Energy House Holding registered a decline of 98.8% in losses during the fourth quarter of 2018, compared to the same period last year. Losses shrank to KWD 14,030 ($46,280) in Q4-18 from KWD 1.17 million ($3.86 million), according to …

Board of Directors

30 October 2018 04:31 PM Energy House Q3 losses shrink 86%

Mubasher: The Energy House Holding registered a decrease of 86.22% in losses during the third quarter ended in September 2018 compared to the corresponding period a year ago. Losses decreased to about KWD 343,600 ($1.13 million) in Q3-18 from KWD …

Financial Results

2 October 2018 00:07 PM Energy House’s UAE subsidiary to execute oil services in Turkmenistan

Mubasher: The Energy House Holding announced that its subsidiary in the UAE has received a letter to execute oil services in Turkmenistan, according to a bourse disclosure on Tuesday. The oil services are valued to nearly $70 million and will be …

Companies Investments

19 July 2018 05:11 PM Energy House H1 financials turn profitable

Mubasher: The Energy House Holding achieved a profit of nearly KWD 500,530 ($1.66 million) in the second quarter of 2018 against losses of KWD 1.08 million ($3.57 million) in the same quarter of 2017. During the first six months of 2018, Energy …

Financial Results

6 May 2018 02:04 PM Energy House receives deal from Saudi Aramco

Mubasher: The Energy House Holding, a company listed on Boursa Kuwait, announced that one of its subsidiaries received a subcontract to offer hydraulic services to the Saudi Arabian Oil Co (Saudi Aramco). The contract is valued at nearly $40 …

Companies Investments

11 March 2018 00:24 PM Energy House FY17 losses shrink 74.8%

Mubasher: The Energy House Holding has registered a decrease of 92.7% in losses during the fourth quarter fiscal year 2017 compared to the same quarter in the previous year. Losses shrank to KWD 1.17 million ($3.89 million) in Q4-17 from KWD 16 …

Board of Directors

4 February 2018 03:10 PM Energy House names new CEO

Mubasher: The Energy House Holding announced the appointment of Hamad Ali Mohamed Al Qahtani as the new CEO. This new position will be effective from 1 February, according to a bourse statement on Sunday. It is worth noting that Ahmed Al Sumait is …

Corporate Actions

8 October 2017 05:34 PM Energy House to unveil effect on business after lifting Sudan sanctions

Mubasher: The Energy House Holding owns a stake of 64% in the Sudanese company Higleig Petroleum Services & Investment Co. Ltd. (HPSIC), according to a bourse statement issued on Sunday. The financial impact on Energy House’s position after …

Companies Investments

10 August 2017 06:55 PM Energy House losses shrink 56% in Q2

Kuwait – Mubasher: Energy House Holding on Thursday reported a decline in losses by 56% during the second quarter of 2017 on an annual basis. Losses reached KWD 1.08 million ($3.58 million) in Q2-17, compared to KWD 2.45 million ($8.12 million) in …

Financial Results

5 June 2017 00:56 PM Energy House inks deal to exit stake in unit

Kuwait – Mubasher: Energy House Holding has signed an agreement to sell its 90% stake in a subsidiary. The exit deal has a value of KWD 2.6 million, according to a bourse filing issued on Monday. The financial impact from this exit will be a loss, …

Companies Investments

30 April 2017 11:35 AM Energy House unit may list on LSE

Kuwait - Mubasher: Energy House Holding said that a company in which it had pumped investments, and classified as available for sale investment, has submitted a request to list on the London Stock Exchange (LSE). The Kuwaiti company said that this …

Corporate Actions

17 April 2017 02:09 PM Energy House UAE unit wins deal in Oman

 Mubasher: The Energy House said that its subsidiary in the UAE was awarded a petroleum services contract in Oman. The contract has a value of $40 million, and will mature in four years that can be renewed for one year, according to a bourse …

Companies Investments

2 February 2017 02:37 PM Energy House Q4 losses deepen 121%

Mubasher: The unaudited financial statement of Energy House Holding posted an increase of 121% in losses during the fourth quarter of 2016 when compared to the same period a year ago. Losses grew to KWD 16 million ($52.40 million) in Q4-16 from …

Financial Results

10 November 2016 03:17 PM Energy House turns to losses in Q3

Kuwait – Mubasher: Energy House Holding turned to losses in the third quarter of 2016. The company suffered losses of KWD 2.5 million ($8.23 million) in Q3-2016, against profits of KWD 294,550 ($971,560) in the similar period of the previous year. …

Financial Results

21 July 2016 03:17 PM Energy House turns to losses in Q2

Kuwait – Mubasher: Energy House Holding turned to losses in the second quarter of 2016. The Kuwaiti listed firm suffered losses of KWD 2.44 million in Q2-2016, against profits of KWD 61,150 for the similar period of the previous year. As for the …

Financial Results

1 May 2016 08:35 AM Energy House turns profitable in Q1

  Kuwait – Mubasher: Energy House Holding reported turning to profits in the first quarter of 2016 with KWD 956,600 ($3.17 million) against losses worth KWD 1.03 million ($3.41 million) in the same period in 2015. The Kuwait-listed firm attributed …

Financial Results

15 March 2016 01:41 PM Energy House approves freezing dividends

Kuwait-Mubasher: The Energy House Holding’s ordinary general meeting has agreed on withholding dividends for the fiscal year 2015, according to a bourse statement. The company has not distributed dividends for the fiscal year 2014. Energy House …

Board of Directors

2 March 2016 10:17 AM Energy House to discuss halting dividends mid-March

Kuwait-Mubasher: The Energy House Holding will hold an ordinary general meeting on 15 March to discuss withholding dividends for FY15, according to a bourse statement. The extraordinary general meeting will consider purchasing 10% or less of the …

General Assembly

20 January 2016 02:41 PM Energy House’s losses surge 349.4% in FY15

Kuwait-Mubasher: The Energy House Holding reported 349.4% jump in losses of the fiscal year 2014/15 as compared to figures from a year earlier, according to a bourse filing. The company’s losses deepened to KWD 7.91 million ($25.92 million), …

Financial Results

12 January 2016 09:41 AM Energy House’s chairman steps down

Kuwait-Mubasher: The Energy House Holding said that its chairman, Saad Al Shuwaib, has resigned from his position due to personal reasons, according to a bourse filing. The Kuwaiti company will hold a meeting in the near future to elect a new …

Board of Directors

23 December 2015 11:28 AM Energy House names Al-Subaih as new CEO

Kuwait-Mubasher: The Energy House Holding has appointed Nabil Mashary Al-Subaih as CEO starting from 1 January, 2016, the Kuwaiti company said in a bourse filing. Until Mr. Al-Subaih assumes responsibility, Mohammed Rashid Jassim will stay in his …

Management Decisions