The share of the Achievement Real Estate Development Company, which is listed on the Kuwait Stock Exchange, increased by 37.50% by closing trading today, Monday, to close at the price of 143 fils per share, achieving its largest daily gains since the inclusion.
The trading on the shares of the achievements of real estate development at that time came at 4.75 million shares with a value of trading 666.19 thousand dinars.
The highest price of the share at that time was at 152 fils, while the lowest price was at 114 fils per share.
Achievers Real Estate Development Company recorded a remarkable decline in its profits during the first quarter of this year, as the profits amounted to 405.36 thousand Kuwaiti dinars, compared to 1.38 million dinars in the same period in 2024.
On the other hand, the company achieved growth in the profits of the fourth quarter of 2024 by 8.44% on an annual basis, to record 871.76 thousand dinars, compared to 803.90 thousand dinars in the fourth quarter of 2023.
Throughout the year 2024, “Achievements” profits increased by 28.5% to 3.02 million dinars, compared to 2.35 million dinars in 2023.
During the first nine months of 2024 profits, the company recorded 2.15 million dinars, an increase of 38.93% for the same period in the previous year, in which the profits amounted to 1.54 million dinars.
The Achievement Real Estate Development Company was established in 1998, and it is a private company operating in the real estate sector, and is based in Kuwait City.
