Co Profits KD 29,240,652
KUWAIT CITY, June 21: The Commercial Real Estate company (K.S.C) Closed declared having realized profits reaching KD 29,240,652 that will appear during the second quarter of 2011 resulting from the sale of a land in Al Mahboola where the deal was concluded by a total amount of KD 34,376,500. Abdul Fatah M. R. Marafie -- Chairman & Managing Director talked about the deal saying that it falls within the strategic approach followed by The Commercial Real Estate Company for benefitting from its assets and investment opportunities for achieving the highest revenues.
Moreover, the Executive management of the Company studied this deal and its impact on the Company's profits for the year 2011 and that positive reflect on the book value of the share and the shareholders' equity. He also added that in The Commercial Real Estate Company keep in mind a a future vision we seek to achieve according to the capacities we have and we create it in creating a continuous growth and achieving excellent profits to our shareholders, in addition to contributing in the urban development in the State of Kuwait As one of the leading companies in the real estate field.
© Arab Times 2011
