Search by Popular Categories


  • Consumer

  • Commercial

  • Construction

  • Industrial

  • Oil & Gas

  • DIAMOND SPONSOR

CONSTRUCTION NEWS

Kuwait's Al Tamdeen Real Estate posts $23m H1 profit

Aug 2, 2017 12:21 PM

Al Tamdeen Real Estate Company posted a net profit of KD7 million ( 23.2 million) for the first half of 2017 a 1.3 per cent decline as compared to earnings in the same period of 2016. The company said...

Al Tamdeen Real Estate Company posted a net profit of KD7 million ($23.2 million) for the first half of 2017, a 1.3 per cent decline as compared to earnings in the same period of 2016.

The company said in a statement, posted on Boursa Kuwait website, that shareholders' equity totalled KD142.2 million ($471.3 million) in H1 2017 in contrast to KD128.2 million ($424.9 million) in H1 2016.

Assets totalled KD481.9 million ($1.59 billion), liabilities KD253.9 million ($841.5 million), it said.

Al Tamdeen, established in 1982, invests in property in and outside Kuwait. It also develops realty ventures, manages property, establishes and runs real-estate investment funds, conducts studies and provides consultancy.

CONSTRUCTION NEWS

Agility and Engineering Systems Group to train Kuwaiti youth Mar 5, 2024 11:34 AM

Agility Logistics Parks (ALP) has joined Engineering Systems Group...

S&P GCC composite index up 6.2pc in 2023: Markaz Jan 3, 2024 15:36 PM

GCC markets were mixed during 2023 with the S&P GCC Composite index...

Markaz Exits South Venlo Industrial Property Sep 11, 2023 13:57 PM

Kuwait Financial Centre Markaz has sold an industrial property in...

Kuwait’s H1 real estate sales down amid high property prices Aug 29, 2023 19:33 PM

Kuwait s real estate sales for the first six months fell to KD1.5...

Light industrial properties demand 'rises sharply' in Kuwait Aug 20, 2023 16:05 PM

The demand for light industrial properties in Kuwait s West Abu...

Infrastructure tops Kuwait agenda as project pipeline hits $27bn Apr 16, 2023 13:34 PM

Infrastructure has emerged as a vital agenda in Kuwait s Vision...