Kuwait .. “Mazaya Holding” shares achieve the largest daily gains during 45 sessions

Al -Mazaya Holding Company shares raised on the Kuwait Stock Exchange by 6.40% by the end of the session of the session today, Wednesday, to close at the price of 67 fils per share, achieving the largest daily gains in 45 sessions.

At that time, 18.61 million shares of Al -Mazaya Holding Company were traded, with a trading value of 1.23 million dinars.

The highest price of the share at that time was at 69 fils, while the share price was at 62 fils.

Al -Mazaya Holding Company announced a net profit of 472.01 thousand Kuwaiti dinars during the first quarter of 2025, compared to 1.26 million dinars for the same period in the previous year, which reflects a noticeable decline in profits on an annual basis.

The company explained that the decline is mainly due to the impact of an exceptional deal that was recorded in the first quarter of 2024, related to the settlement and cancellation of a sale for one of the subsidiaries, which then contributed to raising the profits.

The financial statements also showed the decrease in operational revenues by 19% during the first quarter of the current year, to record 3.02 million dinars, in parallel with the decline of the total assets to 133.30 million dinars, i.e. a decrease of 12% compared to the end of the corresponding period.

In 2024, “advantages” ended with profits of 1.22 million dinars, after incurring losses of 26.51 million dinars in 2023, to record a positive shift in the annual performance.

It should be noted that Al -Mazaya Holding Company, listed in the Kuwait Stock Exchange since May 2005, is active in the real estate development sector and its investments vary within real estate activities. The company was established in November 1998 and is based in Kuwait City.