Kuwait Business Town Real Estate (KBT) News - Mubasher Info
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04 April 07:01 PM

Kuwait Business Town Real Estate (KBT`R)

Last update: 2 April 01:10 PM market time.
74.70
-8.50
-10.22%
Open 75.50
Previous Close 83.20
High 75.50
Low 74.10
Stock Statistics
Volume 1,319,064
Turnover 98,594.42
All data are 15 minutes late during market session

News

Kuwait Business Town will generate total profits of KWD 307,912 from the deal
16 April 2020 03:09 PM Kuwait Business Town's unit sells KWD 26m property
Mubasher: Kuwait Business Town Real Estate has sold an investment property owned by one of its subsidiaries to a third party for KWD 26 million, generating a total profit of KWD 307,912. The group is currently undertaking necessary legal …
Real estate
Kuwait Business Town has decided not to distribute cash dividends for 2019
13 April 2020 04:27 PM Kuwait Business Town cancels 2019 dividends
Mubasher: The board of Kuwait Business Town Real Estate has decided not to distribute cash dividends for fiscal year (FY) 2019, due to the economic impact caused by the coronavirus (COVID-19) pandemic. The decision, subject to the …
Cash Dividends
Earnings per share (EPS) totalled 3.92 fils last year
5 March 2020 09:47 AM Kuwait Business Town’s profit down 1% in 2019; dividends proposed
Mubasher: Kuwait Business Town Real Estate recorded an annual decrease in profits by 0.98% in 2019, registering earnings worth KWD 2.45 million ($8.06 million), compared with KWD 2.48 million ($8.13 million) in 2018.   Earnings per share (EPS) …
Real estate
The purchase was facilitated via a subsidiary
3 February 2020 09:46 AM Kuwait Business Town buys land at KWD 19m
Mubasher: Kuwait Business Town Real Estate signed a preliminary purchase agreement worth KWD 19 million for a plot of land that is designed to be used as an investment property.  Situated at Al Manqaf city of Kuwait, the land spans a total area of …
Real estate
The transaction will not have any impact on the firm’s financials
14 January 2020 04:39 PM Kuwait Business Town sells investment property at KWD 25.5m
Mubasher: The board of Kuwait Business Town Real Estate Company approved the selling of an investment property to one of the company's subsidiaries at a value of KWD 25.501 million, without achieving a profit nor a loss. The transaction will not …
Board of Directors
The investment expansion produced a profit KWD 57,267
3 December 2019 01:20 PM Kuwait Business Town raises sister firm stake to 43%
Mubasher: Kuwait Business Town Real Estate and one of its sister companies purchased an additional stake in another sister company for KWD 1.661 million, according to a bourse statement. As a result, Kuwait Business Town’s investment stake …
Real estate
Photo Archive
5 November 2019 00:26 PM Kuwait Business Town profits rise 21% in Q3
Mubasher: Kuwait Business Town Real Estate has reported a 21% decrease in profits during the third quarter (Q3) of the year, according to a bourse filing on Monday. Profits amounted to KWD 724,430 ($2.39) by the end of Q3-19, compared with KWD …
Financial Results
Kuwait Business Town’s profits increased by 62.3% in Q2-19
8 October 2019 04:08 PM Kuwait Business Town inks KWD 16.5m Islamic loan deal
Mubasher: Kuwait Business Town Real Estate signed a seven-year Islamic credit facilities contract with a local bank at a value not more than KWD 16.5 million. The facilities will be used in the settlement and repayment of KWD 5.6 million worth of …
Sukuk and Islamic Finance
Kuwait Business also seeks to offload unprofitable assets
12 May 2019 09:24 AM Kuwait Business Town seeks overseas expansion in 2019 – CEO
Mubasher: Kuwait Business Town Real Estate’s local investments make up around 66% of its portfolio, its CEO said, revealing plans to boost the company’s footprint in the European and US markets this year. Kuwait Business also seeks to offload …
Companies Investments
The company’s profits reached KWD 661,700 in Q1-19
6 May 2019 09:52 AM Kuwait Business Town’s profit leaps 113% in Q1
Mubasher: Kuwait Business Town Real Estate reported a 113.1% year-on-year surge in profits in the first quarter of 2019. The company’s profits reached KWD 661,700 in Q1-19, compared to KWD 310,400 in Q1-18, according to a filing to Boursa Kuwait. …
Real estate
The 29.87 million bonus shares will be distributed on 23 May
25 April 2019 05:11 PM Business Town’s shareholders nod to $9.8m bonus share distribution
Mubasher: The general assembly of Kuwait Business Town Real Estate approved the board’s proposal for the distribution of KWD 2.99 million ($9.82 million) in bonus shares. The 29.87 million bonus shares will be distributed on 23 May, according to a …
Management Decisions
The decline in FY18 profits is attributed to higher financing costs
6 March 2019 01:11 PM Business Town FY18 income declines; 5% bonus proposed
Mubasher: Kuwait Business Town Real Estate posted KWD 974,000 ($3.12 million) profits during the fourth quarter of 2018 compared to KWD 1.48 million ($4.88 million) in the same period a year ago. During fiscal year 2018, Business Town registered a …
Board of Directors
Al Mazaya is listed on both Boursa Kuwait and the DFM
21 February 2019 01:28 PM Kuwait Business Town to pay Al mazaya $3m on court ruling
Mubasher: Al Mazaya Holding announced that the court of cassation in Kuwait has issued a final ruling in favour of the company against Kuwait Business Town Real Estate. Upon this verdict, Business Towa Real Estate will pay approximately KWD …
Real estate
This KWD 11.8m investment is classified as an asset
4 February 2019 02:23 PM Business Town buys KWD 12m asset
Mubasher: Kuwait Business Town Real Estate has purchased a commercial property at a value of KWD 11.8 million ($39.9 million) through signing a five-year credit facility contract with a local bank. The credit facility contract is valued at KWD 8.3 …
Real estate
Kuwait Business Town Real Estate on Thursday announced selling a local investment property in Farwaniya for KWD 1.45 million
24 January 2019 00:51 PM Kuwait Business Town logs KWD 117,000 profit from property sale
Mubasher: Kuwait Business Town Real Estate on Thursday announced selling a local investment property in Farwaniya for KWD 1.45 million ($4.78 million). The Kuwaiti company achieved net profit of KWD 117,000 from the property sale, which will …
Companies Investments
The decrease in 9M profits is attributed to higher finance cost
30 October 2018 04:07 PM Kuwait Business Town 9M profits fall to KWD 1.5m
Mubasher: Kuwait Business Town Real Estate achieved an increase of 46.6% in profits during the third quarter of 2018 compared to the same quarter a year ago. Earnings grew to about KWD 917,570 ($3.03 million) in Q3-18 from KWD 626,000 ($2.07 …
Financial Results
Business Town expected the complex to be constructed in 28 months
11 July 2018 03:26 PM Business Town buys EUR 3m asset in Belgium
Mubasher: Kuwait Business Town Real Estate announced that it has purchased a land plot to develop Brussels centre in Belgium, according to a bourse statement on Wednesday. The land plot is valued at EUR 2.7 million (KWD 963,000) with a total space …
Real estate
Business Town closed Thursday’s session 2.5% higher
10 May 2018 04:12 PM Business Town Q1 profits drop 60%
Mubasher: Kuwait Business Town Real Estate posted a decline of 59.8% in profits during the first quarter of 2018 compared to the same period in the previous year. Earnings declined to around KWD 310,450 ($1.03 million) in Q1-18 from nearly KWD …
Financial Results
The five-year $24.2 million loan included a $12 million overdraft facility
29 April 2018 00:45 PM KBT's recent banking facilities worth $24m
Mubasher: Kuwait Business Town Real Estate (KBT) on Sunday affirmed that total credit facilities that it has recently signed with a local lender amounted to $24.2 million, not $36.2million as circulated in media. The five-year $24.2 million loan …
Banking and Finance
The five-year loan could be renewed at a value of $24.2 million
26 April 2018 10:24 AM KBT inks $36.2m banking facilities
Mubasher: Kuwait Business Town Real Estate (KBT) on Thursday announced the signing of $36.2 banking facilities with a local lender. The five-year loan could be renewed at a value of $24.2 million, according to the company’s statement to Boursa …
Companies Investments
Kuwait Business Town will pay 3 fils per share dividends for FY17
19 March 2018 04:09 PM Kuwait Business Town to pay 3 fils/shr dividends for FY17
Mubasher: The ordinary general meeting (OGM) of Kuwait Business Town Real Estate approved the board’s recommendation to distribute 3% of capital as cash dividends for fiscal year 2017. Kuwait Business Town will pay 3 fils per share dividends for …
General Assembly
Earnings of the total 60 firms declined to KWD 398.22 million ($1.33 billion) in Q4-17
26 February 2018 04:47 PM 60 listed firms post 5% decline in Q4-17 profits
By: Mohamad Farouk Mubasher: The income statements of 60 companies listed on Boursa Kuwait reported a decrease of 4.9% in profits during the fourth quarter of 2017 compared to the same quarter in 2016. Earnings of the total 60 firms declined to …
Cash Dividends
This investment comes within the company’s expansion plan on the international level
12 February 2018 02:46 PM Kuwait Business Town acquires $11.6m property in US
Mubasher: Kuwait Business Town Real Estate has bought a residential real estate building in Phoenix, Arizona in the U.S. at a total value of $11.6 million. This investment comes within the company’s expansion plan on the international level to …
Trading Activities
The board members recommended a cash dividend of 3% for FY17
5 February 2018 00:00 PM Kuwait Business Town FY17 profits slightly rise
Mubasher: Kuwait Business Town Real Estate reported a decline of 21.8% in profits during the fourth quarter of fiscal year 2017 compared to the same period last year. Earnings decreased to KWD 1.47 million ($4.92 million) in Q4-17 from KWD 1.88 …
Financial Results
Earnings grew to KWD 626,000 ($2.08 million) in Q3-17
24 October 2017 04:36 PM Business Town Q3 profits increase 83.2%
Mubasher: Kuwait Business Town Real Estate achieved a growth of 83.2% in profits during the third quarter of 2017 compared to the same period in the previous year. Earnings grew to KWD 626,000 ($2.08 million) in Q3-17 from around KWD 341,760 …
Financial Results