Kuwait-based property developer, Al Mazaya Holding, has announced substantial profits during the first nine months of this year.
The company posted a net profit of US $77 million (KD 21 million), an increase of 16% compared to the same period last year.
The company’s profits were further increased after the increase of its capital reached $112 million, following the acquisition of First Dubai Real Estate Development Company, which is set to be listed in the Kuwait Stock Exchange.
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