Kuwait .. “Delqan” shares achieves a new standard

The shares of the Delqan Real Estate Company, which is raised and traded on the Kuwait Stock Exchange, increased by 3.11% at mid -trading today, to circulate at the price of 298 fils per share, to achieve a new record.

1.13 million shares of Dalkan Real Estate shares were traded at that time, with a value of trading 332.39 thousand dinars.

The highest price of the share at that time was at 298 fils, while the lowest price was at 290 fils.

Delqan Real Estate Company recorded a remarkable growth in its profits during the fourth quarter of 2024, as it increased by 23.91% on an annual basis, achieving 532.60 thousand dinars, compared to 429.85 thousand dinars during the same period in 2023.

The company’s annual profits increased during the year 2024 by 20.91%, to reach 693.82 thousand dinars, compared to 573.86 thousand dinars in 2023.

This improvement in the financial results is due to the increase in the reassessment of investment real estate, in addition to the revenues of the sale of a real estate.

On the other hand, the “Dilqan” board of directors recommended the distribution of shares of a grant by 10% of the nominal value of the share, with a total of 605.3 thousand dinars.

It should be noted that the company’s profits during the first nine months of 2024 had increased by 11.95% to 161.22 thousand dinars, compared to 144.01 thousand dinars during the same period in 2023.