Tuesday, Dec 06, 2011
(This story was originally published Monday.)
BEIRUT (Zawya Dow Jones)--Kuwait's The Commercial Real Estate Co., or Al Tijaria, Monday said it has sold a real estate property for nearly 18.75 million Kuwaiti dinars ($67.71 million) and will use the proceeds in debt repayment.
No profit or loss was realized on the sale of the property which Al Tijaria owns in Mahboula--a suburb of Kuwait city, the shariah-compliant property developer said in a statement posted on the Kuwait bourse website.
The company's shares closed flat at KWD0.078 in an overall positive market Monday.
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
06-12-11 0358GMT
