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

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