Kuwait Oula Fuel buys $13.18mln real estate assets

Oula Fuel achieved profits of $12.14mln in nine months of 2019

  

Kuwait -Oula Fuel Marketing Company has purchased a building at a cost of KWD 3 million and a land plot, for the purpose of investment, at KWD 1 million.

Oula Fuel said that a monthly rent of KWD 16,000 will be received as a result of investing in the building, according to a statement to Boursa Kuwait on Monday.

It is noteworthy to mention that during the first nine months of 2019, the company achieved profits of KWD 3.685 million, up 4% from KWD 3.543 million in the same period in the previous year.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.