Kuwait-Mubasher: Al Dar National Real Estate said that the Kuwaiti court has issued an unfavourable rule in two cases filed against the company, according to a bourse statement.
The court has set 10 February, 2016 for selling the property owned by Al Dar in an auction, and more, ordering the plaintiff to conduct it, and announce the results 15 days before the sale is sealed.
Al Dar said that the financial impact from the sale deal cannot be estimated in the current time; however, it will affect the company’s financial position.
The stock grew 2.27% to close at 22.5 fils during Thursday’s trading session.
