Mubasher: Real Estate Asset Management (REAM) has sold a property for investment purposes at a total value of KWD 1.15 million.
The company will generate a profit of approximately KWD 900,000 which will be realised in the income statements of the fourth quarter of 2017, according to a bourse statement issued on Tuesday.
In a separate disclosure, REAM said that it purchased a land plot worth KWD 2.6 million for commercial purposes.
The financial impact from buying this land space will be realised in REAM’s income statements of Q4-17.
