Mubasher: Injazzat Real Estate Development achieved a profit of approximately KWD 453,820 ($1.52 million) from selling a property in France.
The Kuwait-based company has exited its entire share in a residential building in Paris at a total value of EUR 4.85 million ($1.8 million), according to a bourse statement on Thursday.
Injazzat noted that the profits generated from this exit deal will be registered in the income statements of the first quarter of 2018.
The stock of Injazzat retreated by 6.52% to 86 fils before closing Thursday’s session.
