Thursday, Feb 03, 2011
BEIRUT (Zawya Dow Jones)--Kuwait's shariah-compliant Al Hayat International Real Estate Co. is currently working to meet the listing requirements on the local bourse and it's waiting for the right time to apply for listing, Kuwait-based Al Watan daily reports Thursday citing an executive.
Al Hayat's shareholders have approved the listing which will be in the bourse's real estate sector, Hassan Al Huneidi, the company's chairman and managing director, said according to the paper.
The property developer and manager, which plans to expand in several Gulf countries, currently has residential and commercial real estate projects underway in Saudi Arabia, Bahrain, and Oman, the daily cites Huneidi as saying.
The company has recently completed the construction of a commercial complex in Kuwait at a total cost of nearly 11 million Kuwaiti dinars ($39.56 million), he said, Al Watan reports.
Newspaper website: http://alwatan.kuwait.tt/ArticleDetails.aspx?Id=86599
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
03-02-11 0424GMT
