Mubasher: Dar Al Thuraya Real Estate Company plans to start new investments, along with selling some properties over the coming period, the vice chairman of the Kuwait-based property developer said.
The firm also seeks to boost revenues generated from leasing properties and from its various activities in subsidiaries, Al-Qabas newspaper reported, citing Ahmad Al-Bahar.
The Kuwaiti real estate firm’s net revenues jumped 15.8% year-on-year to KWD 2.3 million over the course of 2018.
On Monday, the company’s shareholders approved not to distribute cash dividends and not to pay remuneration for the board of directors.
Dar Al Thuraya Real Estate Company last reported turning a profit during 2018, logging KWD 809,840, against a loss of KWD 585,540 in 2017.
