The share of “facilities” for real estate projects listed on the Kuwait Stock Exchange increased by 0.50% by closing the Thursday session transactions, to close at the price of 203 money for the share, achieving its highest level in 146 months (12 years).
The trading on “facilities” for real estate projects at that time came through 528.82 thousand shares, with a value of trading 107.09 thousand dinars.
The highest price for the stock was at that time at 203 money during the session, while the lowest price was at 200 fils, to touch his highest price in 12 years, two months and two days.
Manshaa Real Estate Projects Company achieved a 37% growth in its profits during the first quarter of 2025, supported by the increase in operational revenues and the increase in the quota profits from a colleague company.
Logo of facilities for real estate projects
The company recorded a net profit of 3.32 million Kuwaiti dinars during the first three months of this year, compared to 2.42 million dinars in the same period in 2024.
And “facilities” explained that this growth is due to the increase in operational revenues by 15% to reach 7.90 million dinars, in addition to improving the results of one of the associates in which the company owns a share.
The company’s profits recorded a big leap in the fourth quarter of 2024, with an annual increase of 282%, as the profits of that period amounted to 605.14 thousand dinars, compared to 158.59 thousand dinars in the same quarter of 2023.
Despite this growth in the quarterly profits, the net profit of “facilities” during the year 2024 recorded a decline of 54% to 5.90 million dinars, compared to 12.79 million dinars in 2023.
