Oula Fuel buys KWD 4m real estate assets

Mubasher: Oula Fuel Marketing Company has purchased a building at a cost of KWD 3 million and a land plot, for the purpose of investment, at KWD 1 million.

Oula Fuel said that a monthly rent of KWD 16,000 will be received as a result of investing in the building, according to a statement to Boursa Kuwait on Monday.

It is noteworthy to mention that during the first nine months of 2019, the company achieved profits of KWD 3.685 million, up 4% from KWD 3.543 million in the same period in the previous year.

Mubasher Contribution Time: 30-Dec-2019 14:57 (GMT)
Mubasher Last Update Time: 30-Dec-2019 14:57 (GMT)