Kuwait Real Estate buys Arabella Complex land for KWD 2.8m

Mubasher: Kuwait Real Estate announced it has purchased a land plot on which Arabella project is built, according to a bourse statement on Monday.

The Boursa Kuwait-listed company acquired this asset for a value of KWD 2.75 million ($9.1 million).

This purchase transaction will not result in an impact on Kuwait Real Estate’s financial position.

At the stock level, Kuwait Real Estate closed Monday’s session at 47.6 fils.

Mubasher Contribution Time: 10-Sep-2018 13:58 (GMT)
Mubasher Last Update Time: 10-Sep-2018 13:58 (GMT)