(MENAFN) Arkan Al Kuwait Real Estate has sold two properties in Hawally region at a combined value of KWD 3.7 million (USD12.4 million).
Net profits resulting from the sale deal will reach KWD 1.24 million, according to a statement to Boursa Kuwait on Wednesday.
The deal's incomes will be realized in the firm's financial results for the second quarter of 2018, the statement added.
On Wednesday, 21 February, the real estate firm will hold its ordinary general meeting (OGM) to consider the board members' recommendation of distributing 8% of the capital in cash dividends.
MENAFN2202201800450000ID1096498455
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.