Mubasher: Injazzat Real Estate Development has announced exiting from one of its investments in the US at a value of KWD 2.2 million ($7.25 million).
This transaction led to generate a profit of KWD 1.19 million which will be appeared in the firm’s financial results for the first quarter of 2019, according to a statement to Boursa Kuwait.
Injazzat Real Estate’s profits levelled up 13.5% to KWD 4 million during the full-year 2018, from KWD 3.53 million in 2017.
in March, the company’s shareholders approved the board of directors’ recommendation to distribute cash dividends of KWD 2.36 million for the full fiscal year 2018.
