By: Ahmad Awad
Kuwait-Mubasher: Salhia Real Estate has started the execution of Capital Complex project in Kuwait city, with a total cost of KWD 140 million ($460 million), chairman Ghazi Al-Nafisi said on the sidelines of the company’s ordinary general meeting.
The project is expected to generate a 10% return, the chairman said, noting that the first phase of the project will finish by October 2018.
He noted that Capital Complex will have a joint funding between Salhia and banks.
“We are working steadily on project implementation,” Al-Nafisi said with no further details of the banks’ share in the funding.
Salhia stock grew 2.82% before closing Monday at 365 fils as about 1,250 shares were traded with a value of about KWD 456,000.
