Al Argan International Real Estate (ARGAN) News - Mubasher Info
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05 November 06:54 AM

Al Argan International Real Estate (ARGAN`R)

Last update: 4 November 01:13 PM market time.
114.00
13.00
12.87%
Open 112.00
Previous Close 101.00
High 114.00
Low 110.00
Stock Statistics
Volume 4,496,554
Turnover 504,599.84
All data are 15 minutes late during market session

News

The board of directors proposed not to distribute any dividends for 2019
12 April 2020 09:20 AM Alargan’s earnings up 42% in 2019
Mubasher: The consolidated financial statements of Alargan International Real Estate indicated a rise in profits by 42.7% during the fiscal year (FY) 2019 to KWD 787,064 ($2.54 million) from KWD 551,737 ($1.78 million) in 2018. The positive 2019 …
Real estate
Profit levelled down by 33% YoY in 9M/19
13 November 2019 00:41 PM Alargan’s profit plunges 52% YoY in Q3-19
Mubasher: Alargan International Real Estate has reported a 51.7% year-on-year profit decrease during the third quarter of the fiscal year 2019. The company’s profit dropped to KWD 57,460 ($189,560) in Q3-19, compared to KWD 118,990 ($392,550) in …
Financial Results
Developers report $174.7m profits in 6M
21 August 2019 07:41 PM Kuwaiti developers’ profits nearly halve in Q2-19
By: Mohammad Farouk Mubasher: The profits of 34 Boursa Kuwait-listed real estate companies dropped 40.8% year-on-year to KWD 14.34 million ($47.3 million) during the second quarter of 2019. In the first six months of 2019, the real estate …
Real estate
A previous meeting of Alargan
20 August 2019 00:23 PM Alargan inks KWD 66.5m banking facility deal
Mubasher: Alargan International Real Estate announced that it has signed a banking facility contract valued at KWD 66.5 million with a local bank. The agreement comes in line with Alargan’s efforts in regulating and coordinating its financial …
Banking and Finance
Alargan posted a decline of 89.3% in FY18 profits
27 May 2019 00:16 PM Alargan to pay 5% dividend for FY18
Mubasher: The shareholders of Alargan International Real Estate on Sunday approved the board’s recommendation to distribute 5% of the capital as cash dividend for fiscal year 2018. The company will pay 5 fils per share as dividend on 25 June to …
Board of Directors
Alargan Real Estate will invest $199 million in Morocco
27 May 2018 09:54 AM Kuwait's Alargan Real Estate to invest $199m in Morocco
Mubasher: Alargan International Real Estate Company plans to invest KWD 60 million ($199 million) in the Moroccan market, a top official has said. The projects, which will take place in Casablanca, will be established on an area of 10,000 square …
Companies Investments
Earnings shrank to KWD 94,000 ($314,630) in Q4-17
28 March 2018 09:52 AM Alargan International FY17 profits surge 185%
Mubasher: Alargan International Real Estate reported a decrease of 85.6% in profits during the fourth quarter of 2017 compared to the same period in the prior year. Earnings shrank to KWD 94,000 ($314,630) in Q4-17 from KWD 651,000 ($2.18 million) …
Cash Dividends
Earning surged to KWD 4.5 million ($14.9 million) in Q3-17
15 November 2017 01:25 PM Alargan profits surge in Q3, 9M
Mubasher: Alargan International Real Estate achieved a leap of 1,441.5% in profits during the third quarter of 2017 compared to the same period last year. Earning surged to KWD 4.5 million ($14.9 million) in Q3-17 from nearly KWD 294,500 …
Financial Results
The financial impact will be registered in Q3 income statements
3 October 2017 04:28 PM Alargan achieves KWD 4.7m profit from rental value change
Mubasher: Alargan International Real Estate is expected to achieve a net profit of KWD 4.7 million from amending the leasing value of its subsidiary’s investment properties. This profit was estimated after receiving a real estate assessment from a …
Companies Investments
The value and volume of the sukuk issue have not been determined yet
2 October 2017 00:43 PM Alargan comments on KWD 40m sukuk issue news
Mubasher: Alargan International Real Estate has disclosed a bourse statement on Monday to comment on the news story published in a local newspaper over issuing sukuk before the end of 2017. The local newspaper, Al Qabas, on 2 October said that …
Sukuk and Islamic Finance
The loan’s duration has been amended to ten years instead of seven
1 October 2017 11:04 AM Alargan withdraws KWD 11m loan installment
Mubasher: Alargan International Real Estate has fully withdrawn the second installment of the banking facilities’ contract for financing investment opportunities. This installment is worth KWD 11 million as part of a contract signed with a local …
Companies Investments
Alargan's subsidiary has signed a new investment contract for the same properties
27 September 2017 05:22 PM Alargan subsidiary amends rental value in property deal
Mubasher: A subsidiary of Alargan International Real Estate has modified the rental value for a current leasing contract on its investment properties. The current leasing contract is still running with all its articles and conditions, except for …
Companies Investments
Alargan International Real Estate Company’s annual general meeting
29 May 2017 06:00 PM Alargan AGM approves 10% cash dividend for 2016
Kuwait – Mubasher: Shareholders at Alargan International Real Estate Company’s annual general meeting (AGM) approved the board’s recommendation to distribute 10% cash dividends of the share’s nominal value, at 10 fils per share, for the fiscal …
Management Decisions
(Photo Credit: Company website)
2 May 2017 00:12 PM Alargan Oman subsidiary inks banking facility
Kuwait – Mubasher: Alargan International Real Estate Company on Tuesday reported that one of its wholly-owned subsidiaries in Oman signed a banking facilities deal with a local bank. The contract is worth OMR 5.8 million ($15 million), according …
Companies Investments
Photo Credit: Arabianeye-Reuters
26 April 2017 11:34 AM Alargan to discuss FY16 dividends late May
Mubasher: Alargan International Real Estate will hold its ordinary general meeting (OGM) on Monday, 29 May, to consider the recommendation of distributing 10% of capital as cash dividends for fiscal year 2016. The company will pay 10 fils per …
General Assembly
(Photo Credit: Company website)
26 March 2017 05:47 PM Alargan turns profitable in Q4
Kuwait - Mubasher: Alargan International Real Estate Company (ARGAN) turned to profitability in the fourth quarter of 2016, according to the company’s financial statements. The company’s profits of Q4-16 reached KWD 650,000 ($2.13 million) against …
Financial Results
The credit facility will have an interest of 2.625% (Photo Credit: Press Release)
22 January 2017 08:54 AM Alargan inks KWD 3m loan
Kuwait – Mubasher: Alargan International Real Estate has signed a credit facility agreement with a local bank to develop a project owned by the company. The loan is worth KWD 3 million which will be repaid through six installments on an annual …
Banking and Finance
The bonds are matured on 11 April 2017 (Photo Credit: Company Website)
4 January 2017 09:02 AM Alargan cancels 1,828 bonds
Kuwait – Mubasher: Alargan International Real Estate has cancelled 1,828 bonds worth KWD 9.14 to repurchase them in the future. The bonds are matured on 11 April 2017, the company said in a bourse statement. A total of 3,472 bonds worth KWD 17.36 …
Bonds
The bonds have maturity date on 11 April (Photo Credit: Arabianeye-Reuters)
13 December 2016 10:27 AM Alargan requests cancelling KWD 9.14m bonds
Kuwait – Mubasher: Burgan Bank, acting as the financial agent for Alargan International Real Estate’s bonds, said that Alargan has submitted a request to cancel 1,828 of its bonds. The bonds have maturity date on 11 April, 2017, the company said …
Bonds
The interest rate will be declined by 0.5% (Photo Credit: Arabianeye-Reuters)
30 November 2016 09:47 AM Alargan inks KWD 42m loan deal with bank
Kuwait – Mubasher: Alargan International Real Estate has signed a credit facility agreement with a local bank for KWD 42 million, the company said in a bourse filing issued on Wednesday. The loan will be used through two tiers; the first one is …
Banking and Finance
A previous general meeting of Alargan International Real Estate (Photo credit :Mubasher)
3 November 2016 03:11 PM Alargan profits fall 11% in Q3
Kuwait – Mubasher: Alargan International Real Estate’s profits for the third quarter of fiscal 2016 declined by 10.8% to KWD 294,500 ($972,500), compared to KWD 330,060 ($1.09 million) for Q3-15. Net profit for the first nine months of 2016 fell …
Financial Results
The company's profits plunged 96.4% to KWD 865,660 in H1-16- (Photo Credit: Arabianeye-Reuters)
11 August 2016 02:49 PM Alargan Q2 profits drop 99.6%
Kuwait-Mubasher: Alargan International Real Estate's profits dropped 99.62% year-on-year to KWD 89,867 ($297,327) in the second quarter of 2016 from KWD 23.44 million ($77.55 million). The fall in net profits was attributed to lower revenues of …
Financial Results
A project by Alargan International Real Estate (Photo Credit: Arabianeye-Reuters)
1 June 2016 09:10 AM Alargan to buy back KWD 3.64m bonds
Kuwait-Mubasher: Alargan International Real Estate will repurchase bonds accounting for 101% of the bond’s nominal value which stands at KWD 5,000. The buyback includes 720 bonds at a value of KWD 3.64 million, according to a statement issued on …
Bonds
Photo Credit: Arabianeye-Reuters
23 May 2016 04:13 PM Alargan’s OGM approves 10% payout for FY15
Kuwait-Mubasher: Alargan International Real Estate’s ordinary general meeting (OGM) on Monday agreed on distributing 10% cash dividends of the capital or 10 fils per share for the fiscal year 2015, the company said in a bourse statement. Alargan’s …
Cash Dividends
A project by Alargan International Real Estate (Photo Credit: Arabianeye-Reuters)
23 May 2016 08:40 AM Alargan’s OGM to discuss dividends payout Monday
Kuwait-Mubasher: Alargan International Real Estate will hold an ordinary general meeting (OGM) on Monday to discuss the board’s recommendation of distributing 10% cash dividends of the capital or 10 fils per share, the company said in a bourse …
Event