Arkan Al Kuwait Real Estate Co. (KSC) has decided distributing the profits on the company’s shareholders valuing 12% of the shares par value.
The company’s chairman, Waled Al Mana’y, said during the company’s regular assembly that Arkan succeeded in achieving its goals last years, which will incite us to augment the real estate investments and develop the company’s activities in the coming years.
Arkan Al Kuwait policy during 2014 was based in increasing the investments in the income-producing properties according to Arkan Al Kuwait exective chairman Badr Al Omery. The sales profit of such properties reached 3.7 million Dinars last year.
Al Omery mentioned that the company aims to construct a new project including ultimate residential units overlooking the sea in Kuwait. The company resorted to this kind of projects due to its profitability, and popularity between current investors in Kuwait.
Al Omery said that the company targets to increase its investments geographic scale to reach many regional and international markets, he indicated that only 10% of the new investment plan targets gulf markets while the rest is concentrated in other international real estate markets.