Kuwait-Mubasher: The Commercial Real Estate (Al-Tijaria) said that its subsidiary, Al Mutajara Real Estate, has purchased a 44.87% stake in a property from a partner company for KWD 5.3 million ($17.62 million), according to an issued statement.
The deal has generated a profit worth KWD 3.88 million ($12.9 million) which will reflect on the company’s Q1 financials.
On the stock market’s level, Al-Tijaria settled at 77 fils, half an hour before closing Monday’s session, after about 294,900 shares were exchanged with a value worth around KWD 22,410.
