Kuwait .. “Al -Tamdin Real Estate” shares achieve the largest daily gains in 32 months

The shares of Al -Tamdin Real Estate Company, listed on the Kuwait Stock Exchange, increased by 8.15% during the trading of Sunday’s session, to circulate at the price of 385 fils per share, achieving the largest daily gains in 32 months.

The trading on the shares of the Al -Tamdin Real Estate Company at that time came through 119.05 thousand shares with a value of trading 44.72 thousand dinars.

The highest price for the share at that time was at 385 fils during the session, while the lowest price for the share was at 370 fils, thus touching its highest price in two years, 8 months and 19 days.

Al -Tamdin Real Estate Company announced the achievement of marked growth in its profits during the first quarter of 2025, registering an annual increase of 15.7%.

The net profit of the company during the first three months of this year was 3.32 million Kuwaiti dinars, compared to 2.87 million dinars for the same period in 2024.

The company attributed this positive performance to the increase in operational revenues, which reached 7.91 million dinars, which represents an increase of 20.9% on an annual basis, in addition to the improvement of the company’s share in the results of colleague’s companies, which contributed to strengthening net profit during the period.

The company had recorded a great leap in the profits of the fourth quarter of 2024, as the profits amounted to about 3.14 million dinars, compared to 873.32 thousand dinars during the same quarter of 2023, with an increase of more than 259%, supported by operational factors and improved in investment contributions.

Despite this separate improvement, Al -Tamadin real estate in 2024 ended a annual decline in its profits by 16%, as last year’s profits reached 15.45 million dinars, compared to 15.71 million dinars achieved in 2023, which reflects a fluctuation in the annual public performance despite strong gains in some periods.

“Real Estate Tamini” is one of the most prominent real estate development companies in Kuwait, as it has a various investment portfolio that includes commercial and residential complexes and multi -use projects, and seeks to continue to expand the local and Gulf market.