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- Investcorp Capital looks to maintain competitive level of dividends
- Kuwait's Oil Production Capacity Reaches 3.2 million Barrels a Day
- Sadafco to deploy Tetra Pak E3 Speed Hyper Line to accelerate milk production
- Adnoc Distribution approves $350m interim cash dividend for H1
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23/02/2015 06:17 AST
United Real Estate Company (URC), a leading real estate firm in Kuwait, said its net profit for 2014 fell to KD7.87 million ($26.5 million) from KD11.2 million ($40 million) the previous year.
URC's chairman Tariq Mohammed AbdulSalam said the drop in profit was due to a major decline in re-evaluation gain and profit from the sale of investment properties compared to last year.
However, the total profit for 2014 has witnessed a growth of approximately 2.5 per cent, which reflects the stability of the company's operational profits that has also been reflected on the increase of 23 per cent in total revenue in 2014, he stated.
AbdulSalam also pointed out that the company's total assets have grown by 10 per cent to top KD520 million ($1.7 billion) for the year compared to 2013.
Accordingly, the board of directors has recommended a cash dividend of five per cent which is subject to the general assembly's approval, he added.
Trade Arabia
18/03/2018
United Real Estate Company (URC), one of Kuwait's leading real estate development companies, has announced the launch of Hessah Towers in the upcoming exclusive Hessah Al Mubarak District.
Trade Arabia
19/04/2017
United Real Estate Company (URC), one of the leading real estate developers in the Middle East and North Africa (MENA), has announced the holding of its General Assembly Meeting for the fiscal year e
Arab Times
13/04/2016
United Real Estate Company (URC), Kuwait's leading development and property services company, today announced an 8.3% increase in net profit of KD 8 million for the 2015 year at its Annual General As
Arab Times
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24/09/2025
The Board of Directors of Investcorp Capital (ICAP), an investor in alternative investment opportunities within private markets, convened last week in Abu Dhabi under the leadership of Mohammed Alard
Trade Arabia
24/09/2025
Adnoc Distribution has announced that its Board of Directors has approved an interim dividend of $350 million (AED1.285 billion) for the first half of 2025, equivalent to 10.285 fils per share.
Trade Arabia
24/09/2025
Saudia Dairy and Foodstuff Company (Sadafco), a leading producer of high-quality dairy and food products in the Kingdom, has signed a strategic agreement with Tetra Pak to install the cutting-edge Te
Trade Arabia
24/09/2025
National Bank of Kuwait (NBK) has received the Silver Excellence in Diversity and Inclusion Award from the prestigious Society for Human Resource Management (SHRM) for its NBK RISE Program, during ME
Kuwait Times
24/09/2025
In a new step to help advance Kuwait's digital transformation and empower Kuwaiti talents, Burgan Bank launched a specialized training program to support Kuwait's Ministry of Interior (MoI) in meetin
Kuwait Times
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