Kuwait-Mubasher: The Commercial Real Estate (Al-Tijaria) reported a growth of 17.9% in profits for the fourth quarter in 2015, compared to the same quarter of 2014.
The company’s earnings reached KWD 12.9 million ($43.13 million) in Q4-15, compared to KWD 10.94 million ($36.58 million) in Q4-14, according to a bourse filing.
The board has recommended payment of 5% cash dividends or 5 fils per share.
Al-Tijaria said in a separate bourse statement that its associate Al Salmiya Group for Enterprise Development has been turned into a subsidiary, a step that created revaluation gains worth KWD 9.77 million.
