Mubasher: Kuwait Real Estate (KRE) forecasts to collect rental revenue of KWD 3.2 million this year, starting from the first quarter, on back of buying out Al-Fereej Real Estate International Company.
KRE said it fully acquired Al-fareejfor KWD 13.7 million ($45.09 million).
The land of Arabella Entertainment complex, owned by Al-fareej, was purchased earlier by KRE which confirmed Tuesday that the complex and its land are now in its possession.
During today’s trading session, KRE stock settled at 46 fils.
