Mubasher: Al Enmaa Real Estate Company will establish a subsidiary under the name ‘ERESCO Security’, with a capital of KWD 500,000.
The transaction will have a material impact on the annual consolidated financials of the parent company, in addition to classifying the unit as a subsidiary, according to a statement on Wednesday.
It is noteworthy that over the first nine months of 2019, the real estate company’s profit surged by 94.6% year-on-year to KWD 1.87 million from around KWD 961,180.
