December 23, 2021 real estate

Kuwait's National Real Estate sells stake in Iraq unit for $15mln

Kuwait's National Real Estate Company (NREC) said it has sold its entire shares in a subsidiary in Iraq for 4.54 million Kuwaiti dinars ($15 million).

The shares in Erbil-based KREDCO Real Estate Ltd. Co. represents 51 percent of its capital, NREC said on Wednesday in a filing on Boursa Kuwait.

NREC made a gain of 4.54 million dinars which will be reflected in the financial statement for 2021, it added.


Top News

real estate

Municipality seals 45 violating investme...
August 17, 2022
Jaber Bridge Islands development bidding...
August 15, 2022
Fujairah Cement Industries posts $8mln n...
August 13, 2022