Kuwait-Mubasher: Arkan Al Kuwait Real Estate achieved a net profit worth KWD 770,000 ($2.5 million) from selling a property in Kuwait’s Mahboula, the company said in a statement.
Arkan has signed a preliminary contract that is worth KWD 2.4 million for the property deal, the company said, adding that the net profit will be registered in FY16 financials.