Mubasher: United Projects Company for Aviation Services (UPAC) has established United UPAC Real Estate with a capital standing at KWD 3.25 million, as reported by Al Qabas Newspaper.
This new company was established by five contributors, headed by UPAC with 31.2 million shares.
The other contributors include Wc Aviation, SCRAP Real Estate, and Al Doha International Real Estate, Al Qabas added.
A total of KWD 3.25 million ($10.85 million) was deposited as the capital value of the total subscribed shares, according to the rights of value in Gulf Bank of Kuwait (GBK).
Al Qabas noted that the new property company will focus on owning, selling, and purchasing real estate and land plots in addition to developing the.
