Mubasher: Al Arabiya Real Estate has signed a preliminary agreement to sell a property in Salmiya City.
The asset is valued at KWD 2.35 million ($7.75 million), the company said in a bourse disclosure on Sunday.
Selling this asset will not result in profits as the selling price matches the latest evaluation of this property.
Al Arabiya Real Estate noted that liquidity will increase by KWD 2.35 million.
At the stock level, Al Arabiya Real Estate closed Sunday’s session 1.40% higher at 29 fils.
