Latest News
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Rescheduling of Credit Facilities
2019/07/21Kuwait Real Estate Company signed a contract to reschedule the credit facilities.
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A New Credit Facility Contract
2019/07/21Kuwait Real Estate Company has signed a credit facility with an Islamic bank in the Kuwait
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Minutes of AGM for 31/12/2018
2019/05/08The Annual General Meeting (AGM) of Kuwait Real Estate Company for the year ended 31 December 2018
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Board of Directors of Kuwait Real Estate Company holds a board meeting.
2019/05/08Board of Directors of Kuwait Real Estate Company holds a board meeting to discuss financial results of 31/03/2019.
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Announcement of the date of the AGM for year 31/12/2018
2019/04/10Kuwait Real Estate Company Announced that The AGM meeting for 2018 will be held on Wednesday 01/05/2019 at 12:00 Pm
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Disclosure on the renewal of the right to buy or sell shares of the company (Treasury)
2019/04/10Kuwait Real Estate Company announced the approval of the Capital Markets Authority to allow the company to buy or sell up to 10% of its shares for a period of six months from the date of granting approval on 09/04/2019
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The General Assembly will be held on 01/05/2019
2019/04/10Kuwait Real Estate Company announced that it has been decided to hold the AGM of 2018 for Real Estate Kuwait on Wednesday 01/05/2019 at 12:00 noon at the company's headquarters in Qibla - Darwazah Al-Abdalrazak - Kuwait Market Building - 8th Floor - Meeting Room.
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Results of Board of Directors Meeting
2019/03/27Board of Directors of Kuwait Real Estate Company met on Wednesday 27/03/2019 at 01:00 pm The consolidated financial statements and independent auditor's report for the financial year ended 31/12/2018 have been approved.
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Board of Directors of Kuwait Real Estate Company holds a board meeting to discuss financial results of 31/03/2019.
2019/03/19Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Wednesday 27/03/2019 at 01:00 pm to discuss the Company's interim financial statements for the period ended At 31/03/2019
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Kuwait Real Estate Compay Board of Directors will meet on 27/03/2019
2019/03/18The Board of Directors of Kuwait Real Estate Company will meet on Wednesday 27/03/2019 at 01:00 pm to approve the consolidated financial statements and the Independent Auditor's report for the financial year ended 31/12/2018.
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Confirm the stock benefit schedule
2019/03/14 -
Board of Directors meets to discuss the latest developments regarding the non-cash acquisition procedures on the shares of the International Resorts Company
2019/03/12Board of Directors of Kuwait Real Estate Company will meet on Thursday, 14/03/2019 at 01:00 pm to discuss the latest developments regarding the non-cash optional acquisition procedures on the shares of the International Resorts Company.
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A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares
2019/03/06Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 05/03/2019, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.
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Two subsidiaries buy land in the United Arab Emirates
2019/01/23Kuwait Real Estate Company, through two of its subsidiaries, signed a contract for the purchase of five plots of land in the United Arab Emirates in the amount of KD 5.410 million (five million four hundred and ten thousand Kuwaiti Dinars).
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Kuwait Real Estate Company announces the Board Meeting on 08/11/2018
2018/11/08Kuwait Real Estate Company announces the Board Meeting on 08/11/2018 to discuss the financial information and review report 30/09/2018
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Announcement of the completion of the non-cash acquisition by Kuwait Real Estate Company
2019/01/21Announcement of the completion of the non-cash acquisition by Kuwait Real Estate Company on the shares of International Resorts Company.
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Capital markets authority’s approval to extend the collection
2018/10/31Capital markets authority’s approval to extend the collection period of the voluntarily non cash acquisition offer presented by Kuwait Real Estate company.
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A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares
2018/10/10Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 14/03/2018, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.
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A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares
2018/09/27Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 26/09/2018, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.
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Kuwait Real Estate Company Purchased a piece of land on the coastal strip at Al- Bida area - Lane 1 + 2
2018/09/10Kuwait Real Estate Company has purchased a plot of land on the coastal strip A Bida area - 1 + 2 parcel representing the rest of the complementary part of the land amounting to KD 2,750,000. The project is currently owned and managed by one of the subsidiaries
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Capital markets authority's approval of the voluntarily amended non cash acquisition offer presented by Kuwait Real Estate company on all shares of International Resorts Company's share capital.
2018/09/06Capital markets authority's approval of the voluntarily amended non cash acquisition offer presented by Kuwait Real Estate company on all shares of International Resorts Company's share capital.
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Results for the second quarter for the period ended 30-06-2018
2018/08/12Kuwait Real Estate Company announced second quarter results for the period ended 30/06/2018 after the Board of Directors meeting on Thursday 12/08/2018
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Board of Directors of Kuwait Real Estate Company holds a board meeting on 12/08/2018 to discuss financial results of 30-06-2018.
2018/08/08Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Sunday 12-08-2018 at 01:00 pm to discuss the Company's interim financial statements for the period ended At 30-06-2018
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New Credit Facility with an Islamic Bank in Kuwait
2018/07/19Kuwait Real Estate Company has signed a credit facility with an Islamic bank in Kuwait for KD 20 million (20 million Kuwaiti Dinars) and a flexible repayment period
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Extraordinary General Assembly (postponded) – Kuwait Real Estate Company.
2018/07/05Kuwait Real Estate Company (KSC) held its Extraordinary General Meeting (EGM) (postponded) at 11:00 am on Thursday, 05/07/2018 at Al- Thuraya Hall - JW Marriot Hotel - Floor 16 and attendance at 69.387%,
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Annual General Meeting for the financial year ended 31/12/2017
2018/05/28Kuwait Real Estate Company announced that the Annual General Meeting (AGM) for the financial year ended 31 December 2017 was held on Monday 28/05/2018 at 12:30 pm at Salhia Hall - JW Marriot Hotel - First Floor with 67.330% attendance as it is As indicated in the report of the General Assembly quorum.
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Kuwait Real Estate Company signed a contract with bank in the United Arab Emirates.
2018/05/24Kuwait Real Estate Company signed a contract with bank in the United Arab Emirates with a total amount of 45 million dirhams
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Board of Directors of Kuwait Real Estate Company will hold a board meeting on 15/05/2018
2018/05/14Board of Directors of Kuwait Real Estate Company will hold a board meeting on Tuesday 15/05/2018 at 01:00 PM to discuss financial results of 31/03/2018
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The General Assembly will be held on 28-05-2018
2018/05/07The Board of Directors of Kuwait Real Estate company decided to hold the Ordinary and Extraordinary General Meeting on Monday 28 May 2018 in Salhiya Hall - First Floor - JW Marriott Hotel - to discuss the Company's interim financial statements for the period ended At 31/12/2017
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Aqarat Voluntary non cash acquisition of IRC shares offer documents
2018/05/03Documents for the presentation of the non-cash acquisition on all the shares of the International Resorts Company
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Capital Market Authority approved to AQARAT to buy or Sell up to 10% of its shares.
2018/04/09Capital Market Authority approved to AQARAT to buy or Sell up to 10% of its shares for a period of 6 months from the date of granting the approval on 08/04/2018
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Appointment of Mr. Talal Jassim Al-Bahr as Chief Executive Officer of Kuwait Real Estate Company
2018/04/01Kuwait Real Estate Company has announced the appointment of Mr. Talal Jassim Al-Bahr as Chief Executive Officer of the Company as of 01/04/2018 in accordance with the Board of Directors' decision
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Results for the financials for the period ended 31/12/2017
2018/03/28Kuwait Real Estate Company announced that the financial statements for the year ended 31/12/2017 have been approved at the Board of Directors meeting held on Wednesday 28/03/2017 at 01:00 pm The Board of Directors also decided to recommend to the General Assembly of the Company not to distribute dividends for the financial year ended 31/12/2017, and this recommendation is subject to the approval of the General Assembly and the concerned authorities.
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Board of Directors of Kuwait Real Estate Company will hold a board meeting on Wednesday 28/03/2018 at 01:00 PM to discuss financial results of 31/12/202017.
2018/03/25Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Wednesday 28/03/2017 at 01:00 pm to discuss the Company's financial statements for the year ended as of 31/12/2017
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Kuwait Real Estate Company has expressed its desire to make an optional non-clash acquistion of the shares.
2018/03/15Kuwait Real Estate Company has expressed its desire to make an optional non-cash acquisition of the shares of the International Resorts Company
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A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares
2018/03/14Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 14/03/2018, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.
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A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares
2018/03/14Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 07/12/2017, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.
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Kuwait Real Estate Company (AQARAT) Exited one of its Associate Companies
2017/12/20Kuwait Real Estate Co. had exited from one of its Associate companies (ABC Real Estate Company), AQARAT was an owner of 50% of this company.
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A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares
2017/12/10Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 07/12/2017, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.
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Results for the Third quarter for the period ended 30-09-2017
2017/11/14Kuwait Real Estate Company announced Third quarter results for the period ended 30/09/2016 after the Board of Directors meeting on Thursday 14/11/2017
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Board of Directors of Kuwait Real Estate Company holds a board meeting on 14/11/2017 to discuss financial results of 30/09/2017.
2017/11/12Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Thursday 14/11/2017 at 12:30 pm to discuss the Company's interim financial statements for the period ended At 30/09/2017
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Starwood Capital Invests in $250M in Micro-Hotel Chain Yotel
2017/09/27Starwood Capital Group has invested $250M in Yotel and acquired a 30% stake in the company. Starwood is investing in real estate acquisitions for new build, hotel conversion and adaptive reuse properties as Yotel expands internationally. Yotel is expanding into San Francisco with its first hotel at Market and Seventh streets expected to open in the first750
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Resignation of the CEO of AQARAT
2017/09/11Kuwait Real Estate Company announced during the board meeting No. (6) held on 10/09/2017 the resignation of the CEO of the company Mr. Emad Abdullah Al-Essa, which was accepted during the said meeting
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A clarification from Kuwait Real Estate Company regarding the unusual trading activity on the Company's shares
2017/09/05Kuwait Real Estate Company clarified regarding the unusual trading activity on the shares of the company received on 30/08/2017, the company confirms that there are no recent developments that would affect the price of the company's share or the volume of trading in the form that this unusual activity entails.
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Results for the second quarter for the period ended 30-06-2017
2017/08/03Kuwait Real Estate Company announced second quarter results for the period ended 30/06/2017 after the Board of Directors meeting on Thursday 03/08/2017
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Attached is the interim financial statements form for the second quarter -
Board of Directors of Kuwait Real Estate Company holds a board meeting on 03/08/2017 to discuss financial results for the second quarter 2017
2017/07/30Kuwait Real Estate Company announced that the Board of Directors of the Company will meet on Monday 15-05-2017 at 12:30 pm to discuss the Company's interim financial statements for the period ended At 30-06-2017
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Replacement of the representative of Marasi AL- Ofouq General Trading & Contracting
2017/06/15Replacement of the representative of Marasi AL- Ofouq General Trading & Contracting in Kuwait Real Estate
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Commentary on the press release about Kuwait Real Estate Company Establishing an office tower.
2017/05/17Commentary on the press release about Kuwait Real Estate Company Establishing an office tower at a cost of 7.5 million dinars
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Invitation To Attend The Ordinary General Assembly Meeting for Year 2016
2017/04/20The Board of Directors of Kuwait Real Estate Company (K.S.C) (AQARAT) is pleased to invite the honorable shareholders to attend the Company’s Ordinary General Assembly Meeting, to be held at exactly 11:00 am. on Thursday 11/5/2017 at Salhia Hall – First Floor – J. W. Marriott Kuwait750
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Board of Directors Meeting
2017/03/23The Board of Directors of Kuwait Real Estate Company met on 23 March 2017 and approved the consolidated financial statements for the year ended 31 December 2016, the key financial indicators in which were the750
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Board of Directors of Kuwait Real Estate Company will hold a board meeting on 23/03/2017
2017/03/22Board of Directors of Kuwait Real Estate Company will hold a board meeting on 23/03/2017 to discuss financial results of 31/12/2016
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Kuwait Real Estate Company (AQARAT) announces the completion of purchasing assets of a deal worth US $ 17 million
2016/10/24Kuwait Real Estate Company announces the completion of purchasing assets of a deal worth US $ 17 million which acquired 51% of IFA Hotels and Resorts - Lebanon valued at US $ 11.2 million, also owns the proportion of 5.8% of YOTEL Investment Company Limited - worth US $ 5.8 million from a related750
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Kuwait Real Estate Company sold one of its Real Estate
2016/06/29Kuwait Real Estate Company sold one of its Real Estate portfolio assists
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AQARAT SELLS APARTMENT COMPLEX IN CALIFORNIA AT RECORD BREAKING PER UNIT AND PER SQUARE FOOT PRICING.
2016/06/29AQARAT SELLS APARTMENT COMPLEX IN CALIFORNIA AT RECORD BREAKING PER UNIT AND PER SQUARE FOOT750
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Annual Ghereish
2016/05/30Away from the pressures of work, Aqarat held its “Annual Ghereish” on the occasion of the Holy Month of Ramadan at Dar Al Hamad750
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Minutes of Ordinary General Meeting
2016/05/19Minutes of Ordinary General Meeting For the financial year ended 31 December750
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Invitation To Attend The Ordinary General Assembly Meeting for Year 2015
2016/05/01The Board of Directors of Kuwait Real Estate Company (K.S.C) (AQARAT) is pleased to invite the honorable shareholders to attend the Company’s Ordinary General Assembly Meeting, to be held at exactly 11:00 am. on Thursday 19/5/2016 at Salhia Hall – First Floor – J. W. Marriott Kuwait750
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Final phases of “Souq Al-Kuwait” building development
2016/03/13Kuwait Real Estate Company (AQARAT) announced the start of final phases of “Souq Al-Kuwait” building development. AQARAT emphasized that these developments will bring a change to the building’s aesthetic landscape, tenants’ background and the complex’ visitors. The renovation works intend to redevelop the property while maintaining the original structure of the complex. Souk Al Kuwait, with its modern structure and design is at the very entrance of Souq Mubarikiya and offers an exciting shopping and entertainment experience for the visitors and tenants all through the year due to the complex’s closed and 24 hour air-conditioned750
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Complete Acquisition of Al-Fareej International Real Estate Company
2016/02/02Kuwait Real Estate Company (AQARAT) completed the acquisition of Al-Fareej International Real Estate Company (owner of Arabella Entertainment Complex – Bida’a) through a transaction valued at 13.7 Million Kuwaiti Dinars. Hence, Kuwait Real Estate Company (AQARAT), in addition to being the owner of the property, will now own the complex as well. We expect to realize annual rental revenue of KD 3.2 Million effective 1st quarter 2016 from this750
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Reschedule of Credit Facilities and Increase of Credit Limit
2016/01/25Kuwait Real Estate Company (AQARAT) has concluded an agreement with Boubyan Bank to restructure its credit facilities and increase the credit limit granted by the bank. This agreement resulted in an increase in the credit limit from KD 22.625 to KD 33 Million, in addition to a grace period to settle the credit facilities’ installments until June 2018 at 2.25% above Kuwait Central Bank discount750
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Sale of Real Estate At Sharq District
2016/01/04Kuwait Real Estate Company (AQARAT) sold two of its properties located in Sharq district - Capital, at a value of KD. 8.75 Million (Eight Million Seven Hundred Fifty Thousand Kuwaiti Dinars). The company’s CEO Mr. Emad Abdullah Al-Essa stated that: “This transaction comes in line with well-studied and already announced policies of the company. This transaction has resulted in a profit of KD. 1.850 Million (One Million Eight Hundred Fifty Thousand Kuwaiti Dinars), which will be reflected in the financial statements for the 4th quarter of year 2015, he750
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Kuwait Real Estate Company profit reached to KD 2.8 million
2015/11/15Kuwait Real Estate Company profit reached to KD 2.8 million for the 9 months ended 30/09/2015
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Board of Directors of Kuwait Real Estate Company holds a board meeting
2015/11/09Board of Directors of Kuwait Real Estate Company holds a board meeting on 11-12-2015 to discuss financial results of 30-09-2015
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Kuwait Real Estate Company profit reached to KD 2.3 million
2015/08/06Kuwait Real Estate Company profit reached to KD 2.3 million for the 6 months ended 30/06/2015
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Board of Directors of Kuwait Real Estate Company holds a board meeting
2015/08/04Board of Directors of Kuwait Real Estate Company holds a board meeting on 06-08-2015 to discuss financial results of 30-06-2015
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Kuwait Real Estate Company Reforming its Board of Directors
2015/06/23Based on the Ordinary General Assembly Meeting held on 2-4-2015 in which the Board of Directors was elected
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Kuwait Real Estate Company profit reached to KD 1.4 million
2015/05/17Kuwait Real Estate Company profit reached to KD 1.4 million for the 3 months ended 31/03/2015
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Board of Directors of Kuwait Real Estate Company holds a board meeting on 14-05-2015
2015/05/11Board of Directors of Kuwait Real Estate Company holds a board meeting on 14-05-2015 to discuss financial results of 31-03-2015.
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Postponement of cash dividend distribution
2015/04/13Postponement of cash dividend distribution for Kuwait Real Estate Company to 16-4-2015
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Kuwait Real Estate Company dividends
2015/04/09Kuwait Real Estate Company dividends distributing effective 13/04/2015
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The Board of Directors Of Kuwait Real Estate Company
2015/03/19The Board of Directors Of Kuwait Real Estate Company recommends distributing of 5% Cash dividends for year 2014
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Invitation To Attend The Ordinary General Assembly Meeting for Year 2014
2015/03/18The Board of Directors of Kuwait Real Estate Company (K.S.C) (AQARAT) is pleased to invite the honorable shareholders to attend the Company’s Ordinary General Assembly Meeting, to be held at exactly 11:00 am. on Thursday 2/4/2015 at Salhia Hall – First Floor – J. W. Marriott Kuwait750
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AQARAT achieves KD 7.1 m profit for year 2014
2015/02/19Kuwait Real Estate Company KPSC (AQARAT) achieved a profit of KD 7.1 m for the year 2014 as compared to profit of KD 6.7 million achieved in year 2013. The Earnings per Share (EPS) increased to 7.8 Fils in fiscal year 2014; from 7.4 Fils in 2013, an increase of750
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AQARAT 75 Million Dinars Facilities from AL-AHLI United Bank
2015/01/21Kuwait Real Estate Company (AQARAT) announced signing an agreement to obtain credit facilities from Al-Ahli United Bank amounting to 75 Million (Seventy Five Million Kuwaiti Dinars) with annual interest ranging between 1.75% and 2.4% above the discount rate of the Central Bank, provided that settlement of these facilities to be concluded in year 2020. It is expected that the impact of these facilities will become noticeable as of the first quarter of year750
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Aria Development Group and AQARAT Announce New Downtown Miami Mixed-Use Project
2014/12/18Aria Development Group, together with AQARAT, announced its latest development in the heart of Downtown Miami\'s bourgeoning urban core. The mixed-use project, set to open in 2017, will feature luxury apartments and Miami\'s first YOTEL hotel. Aria Development Group, a New York and Miami-based real estate investment and development company, closed on a joint venture agreement with AQARAT, one of Kuwait\'s leading real estate companies, to develop the elegant tower. The joint venture was arranged by New York-based private equity firm Empire Square Group. Downtown is ripe for an exciting urban lifestyle with the addition of the Perez Art Museum, the Arsht Center, an emerging restaurant scene, a new Whole Foods and the Bloomingdale\'s-anchored Miami World Center, all within walking750
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AQARAT Realizes 3.3 Million Kuwaiti Dinars Profit from The Sale of Reem Center in Salmiyah
2014/11/02Kuwait Real Estate Company (AQARAT) announced that it has finalized signing the sale contract of an investment property it owns, being 2,165 square meters, in Salmiya district for a total value of 4.8 Million Kuwaiti750
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AQARAT Expands Its Real Estate Activity By Purchasing A Land With Area of 11,440 Square Meters
2014/09/29Kuwait Real Estate Company (AQARAT) concluded a purchase deal for land with area of 11,440 square meters in Beda District – Coastal Strip, at a value of KD.750
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