Mubasher: Injazzat Real Estate Development said that an associate has sold residential units in a tower in Bahrain and it will announce the delivery of these units to the purchasers in the coming days.
The Boursa Kuwait-listed company said that selling the units resulted in a profit valued at BHD 2.6 million ($6.9 million) of which KWD 1.06 million ($3.5 million) represents Injazzat’s share, according to a bourse statement on Sunday.
The financial impact of this deal will be realised in the income statements of the fiscal year ending on 31 December 2018.
