Mubasher: Alargan International Real Estate is expected to achieve a net profit of KWD 4.7 million from amending the leasing value of its subsidiary’s investment properties.
This profit was estimated after receiving a real estate assessment from a creditor property evaluator at the Capital Markets Authority (CMA), according to a bourse statement issued on Tuesday.
Alargan noted that the financial impact from amending the fair and rental value will be disclosed once the second real estate assessment is received; this impact will be registered in the income statements of the third quarter of 2017.
