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Financial results for the period ended Septe...
The Board of Directors of the Company met on Tuesday, November 2, 2021 at 1:00 pm, and the interim condensed consolidated financial information as on September 30, 2021 was approved unaudited. Injazzat Real Estate Development Company achieved profits in the third quarter of 2021 amounting to 370,051 Kuwaiti dinars, with earnings per share of 1.12, compared to profits of 832,352 Kuwaiti dinars, with earnings per share of 2.48 fils, which the company achieved in the third quarter of the fiscal year.
Agreeing to renew the right to buy or sell t...
Please note that the Capital Markets Authority has agreed to renew the right to buy or sell 10% of the shares of Injazzat Real Estate Development Company K.S.C.P for a period of six months from the date of granting approval on Jun 29 2021, taking into account that the purchase amount does not exceed the amount of available financing sources, in accordance with Articles of Law No. 7 of 2010 and its executive regulations and amendments.
Financial results for the period ended June ...
The Board of Directors of the Company met on Monday, August 2, 2021 at 1:00 pm, and the interim condensed consolidated financial information as of June 30, 2021 was approved unaudited. Injazzat Real Estate Development Company achieved profits in the second quarter of the year 2021, amounting to 147,712 Kuwaiti dinars, with earnings per share of 0.44, compared to profits of 656,304 Kuwaiti dinars, with earnings per share of 2.00 fils, which the company achieved in the second quarter of the fiscal year 2020.
Termination of a preliminary sale contract
The company terminated a preliminary sale contract to sell 20 floors of a building under construction due to the buyer's non-compliance with the terms of the contract.
