Mubasher: Mena Real Estate announced that it operates one company in Turkey in the real estate development sector.
Adamena Real Estate Development has total investments of $3.2 million that represents 9% of the shareholders’ equity rights, according to a bourse disclosure on Thursday.
Mena Real Estate noted that the company’s transactions are usually executed in the US dollar.
Despite the current economic condition in Turkey and the status of the Turkish Lira which may impact the demand in the short term, the positive factor is that Adamena has no loans to be repaid.
