- Company News
Injazzat Real Estate Development Company K.S.C.P held its ordinary General Assembly on April 3rd 2017. The Company achieved a net profit of KD 3.16 million with earnings per share of 9.4 Fils. The Assembly approved the auditor’s report and the financial statement for the fiscal year. They also approved the recommendations of the board to distribute a cash dividend of 5% (5 Fils per share) distribution to the registered shareholder.
During the first nine months of 2016, Injazzat profits amounted to KWD 2.65 million (7.9 fils per share) from KWD 2.88 million (8.6 fils per share) in the same period a year ago. Injazzat Real Estate Development achieved a growth of 43.7% in profits during the third quarter of 2016 compared to the same period in 2015. Earnings amounted to KWD 5,26.9 thousand (1.56 fils per share) in Q3-16 compared with KWD 3,66.7 thousand (1.1 fils per share) in Q3-15.