Kuwait Investment Co KSCP (KINV`R)

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News

10 February 2020 09:53 AM Kuwait Investment’s profits skyrocket 78% in 2019; dividends proposed

Mubasher: Kuwait Investment’s net profits leaped by 77.6% on an annual basis to stand at KWD 17.50 million (approx. $57.7 million) over the fiscal year ended on 31 December 2019 from KWD 9.85 million (approx. $32.46 million). Earnings per share …

Board of Directors

30 October 2019 09:38 AM Kuwait Investment’s profit down 6.95% in 9M

Mubasher: Kuwait Investment has turned to losses worth KWD 306,664 during the third quarter of 2019 when compared to KWD 5.005 million in the corresponding quarter in 2018. Earnings per share (EPS) plunged to 0.56 fils in Q3-19 from 9.134 fils in …

Company News

30 July 2019 05:18 PM Kuwait Investment’s profit registers $36.2m in H1

Mubasher: Kuwait Investment reported a 70% year-on-year profit increase during the first six months of 2019, recording KWD 11 million ($36.17 million). Earnings per share (EPS) reached 20 fils in H1-19, according to a company statement released on …

Financial Results

30 June 2019 02:12 PM Kuwait Investment acquires EUR 41m asset in Germany

Mubasher: Kuwait Investment announced its acquisition of commercial property in the German city of Düsseldorf at a total value of EUR 41 million or KWD 14 million. The asset acquisition was executed through a takeover of special purpose companies, …

Company News

1 April 2019 02:54 PM Kuwait Investment to launch $18-250m tech investment-focused fund

Mubasher: Kuwaiti Capital Markets Authority (CMA) has approved Kuwait Investment’s request to launch a smart tech investment-focused fund, that will be floated on the stock market with a variable capital ranging between $18 million to $250 …

Management Decisions

25 March 2019 05:43 PM Kuwait Investment’s OGM nods to KWD 5.5m dividends for 2018

Mubasher: Kuwait Investment’s ordinary general meeting (OGM) approved distributing 10% of the share’s nominal value, or 10 fils per share, with total value of KWD 5.47 million as cash dividends for 2018. The company’s OGM also approved deducting …

General Assembly

18 February 2019 11:21 AM Kuwait Investment incurs losses in Q4; board proposes 10% dividends

Mubasher: Kuwait Investment registered a loss of KWD 1.69 million ($5.57 million) in the fourth quarter of 2018 against profits worth KWD 242,000 ($796,880) in the same period last year. During fiscal year 2018, Kuwait Investment registered a …

Financial Results

30 July 2018 03:13 PM Kuwait Investment records KWD 6.5m profit in H1

Mubasher: Kuwait Investment registered a decline of 8.1% in profits during the second quarter of 2018 compared to the same period in the prior year. Earnings narrowed to KWD 2.72 million ($9 million) in Q2-18 from KWD 2.96 million ($9.8 million) …

Financial Results

10 May 2018 04:48 PM Moody’s affirms Kuwait Investment rating at Ba2; outlook stable

Mubasher: Kuwait Investments on Thursday announced that Moody’s Corporation has affirmed its rating at Ba2, with a stable outlook. The rating has not changed since it was affirmed in November 2014 and reflected the Kuwaiti company’s profitability, …

Ratings

7 May 2018 10:50 AM Kuwait Investment Q1 profit falls 20%

Mubasher: Kuwait Investment on Monday reported a 19.8% year-on-year decline in profits for the first quarter of 2018, recording KWD 3.81 million ($12.67 million) in profits from KWD 4.75 million ($15.79 million). Operating profits retreated 14.8% …

Financial Results

26 April 2018 00:18 PM Kuwait Investment transfers unit's investments to another

Mubasher: Kuwait Investment has announced converting its entire investments in a fund, which is one of its subsidiaries, to another fund, which is also one of its units. The firm’s investments will be excluded from the first fund to be added to …

Companies Investments

18 April 2018 04:51 PM Kuwait Investment nods to 20% dividends for FY17

Mubasher: The ordinary general meeting (OGM) of Kuwait Investment approved the board’s recommendation to distribute 20% of the capital as cash dividends for fiscal year 2017. Kuwait Investment will pay 20 fils per share as a capital at a total …

Financial Results

11 February 2018 09:46 AM Kuwait Investment FY17 profits surge 313%; dividends proposed

Mubasher: Kuwait Investment reported a plunge of 88.1% in profits during the fourth quarter of 2017 compared to the corresponding period last year. Earnings shrank to KWD 243,000 ($811,350) in Q4-17 from KWD 2.04 million ($6.81 million) in Q4-16, …

Board of Directors

18 January 2018 11:45 AM Kuwait Investment likely to record KWD 18m profits in FY17

By: Mohamad Farouk Mubasher: Kuwait Investment is expected to achieve a growth of 352.3% in profits during the fiscal year 2017 compared to the same period last year, capital market analyst Ahmad Jassim Al Qamr told Mubasher. Earnings are forecast …

Financial Results

16 November 2017 05:21 PM Moody’s affirms Kuwait Investment rating; Outlook Stable

Mubasher: Moody’s Investors Service has affirmed Kuwait Investment’s long-term Issuer Default Rating (IDR) at “Ba2”, with a “Stable” Outlook. The rating has not change since it was affirmed in November 2014. The baseline credit assessment is still …

Ratings

8 October 2017 11:08 AM Kuwait Investment reaches deal on credit facilities to Bahraini firm

Mubasher: Kuwait Investment has reached an agreement to settle the credit facilities pledged to Lagoon Real Estate Development in Bahrain, according to a bourse filing issued on Sunday. The credit facilities were granted by a consortium of banks, …

Companies Investments

17 August 2017 00:14 PM Kuwait Investment gains $4.25m from deal with GFH

Kuwait – Mubasher: Kuwait Investment achieved profits of around KWD 1.28 million ($4.25 million) from exchanging investments with GFH Financial Group, according to a bourse statement. Recirculation of fair value reserve investment balance resulted …

Companies Investments

15 August 2017 00:20 PM Kuwait Investment gains $1.8m from deal with GFH

Mubasher: Kuwait Investment said that it registered a profit of nearly KWD 526,490 ($1.8 million) from exchanging investments with GFH Financial Group, according to a bourse statement issued on Tuesday. The activation of the exchange offer and …

Insider Trading & Treasury Stocks

3 August 2017 04:10 PM Kuwait Investment Q2 profits soar 158%

Mubasher: Kuwait Investment recorded a surge of 158.3% in profits during the second quarter of 2017 compared to the same period a year ago. Earnings grew to KWD 2.97 million ($9.82 million) in Q2-17 from KWD 1.15 million ($3.8 million) in Q2-16, …

Financial Results

17 May 2017 00:49 PM Kuwait Investment receives exchange offer from GFH

Kuwait – Mubasher: Kuwait Investment has received an exchange offer from GFH Financial Group at a value of KWD 9.36 million ($30.76 million). The offer includes exchanging Kuwait Investment’s units in Energy City Navi Mumbai and another project in …

Corporate Actions

17 May 2017 00:26 PM Moody’s affirms Kuwait Investment rating

Kuwait – Mubasher: Moody’s Investor Service has affirmed Kuwait Investment’s long-term rating at "Ba2" - the same rating placed since November 2014. The rating agency affirmed the "Stable" outlook of the Kuwaiti company, according to a bourse …

Ratings

11 May 2017 09:44 AM Kuwait Investment Q1 profits leap to KWD 4.75m

Kuwait – Mubasher: Kuwait Investment registered a surge of 455.6% in profits in the first quarter of 2017, compared to the same period in the previous year. The company recorded a profit of KWD 4.75 million ($15.57 million) in Q1-17 from nearly …

Financial Results

8 May 2017 11:18 AM Investment Authority delays selling stake in Kuwait Investment

Kuwait - Mubasher: The Kuwait Investment Authority (KIA) has postponed the process of selling its entire shares in Kuwait Investment until a suitable time arises, according to a bourse statement issued on Monday. At the end of 2015, KIA had …

Mergers and Acquisitions

4 May 2017 11:01 AM Kuwait Investment sealed no deals in Germany, mulls possibilities

Mubasher: Kuwait Investment has denied the news recently published in a local newspaper regarding sealing deals on a number of real estate opportunities in Germany with an annual return of up to 9%. The company is still considering real estate …

Companies Investments

3 May 2017 02:58 PM Kuwait Investment to distribute 7fils/shr

Kuwait - Mubasher: The ordinary general meeting (OGM) of Kuwait Investment has approved the distribution of cash dividends to shareholders at 7 fils per share, representing 7% of capital. The company’s capital amounts to KWD 55.13 million …

Board of Directors