Kuwait – Mubasher: Aayan Real Estate announced receiving KWD 750,000 as a result of a legal dispute.
The company said that its 100%-owned subsidiary, Anan Real Estate Finance, won a legal resolution against Bawabit Amlak Al Khaleej Real Estate Company obligates the latter to pay KWD 1.25 million.
Aayan noted that there is no financial impact for the case on the company, according to a bourse filing.
In December, Anan Real Estate received a resolution letter from the Capital Markets Authority (CMA) saying that the license has expired.
