Kuwait – Mubasher: Injazzat Real Estate Development has sold a land plot located in Abu Dhabi for AED 41.62 million or KWD 3.44 million ($11.33 million).
The financial impact from this deal will be realising a loss of nearly KWD 324,430 which will be registered in the financial statements of the second quarter, according to a bourse statement issued on Monday.
It is worth noting that Injazzat achieved a growth of 71.5% in profits to KWD 2.35 million in the first quarter of 2017 from KWD 1.37 million in Q1-16.
