Company News

12Oct

Disclosure regarding lawsuits and court ruli...

Updates on the Al-Jaddaf case: the court’s ruling as follows: 1- Rejecting the appeal submitted by Saif Belhasa Real Estate Company and obligating them to pay the remaining AED 90 million of the contract value and AED 728,676 or any operating expenses on the building. 2- Amending the required interest rate by making it 5% annually, calculated from the date of the judicial claim until payment. 3- Obligating the appellant to pay the appropriate expenses and a sum of one thousand Emirati dirhams in return for attorney’s fees, with the confiscation of the insurance amount.

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20Sep

Disclosure of material information

Injazzat Real Estate Development Company announces that a member of the board of directors, Mr. Issa Ahmed Khalaf (independent member), has submitted his resignation from the company's board of directors for his own reasons, provided that the board will meet later to consider the resignation and you will be informed of any developments.

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2Aug

Financial results for the period ended June ...

The Board of Directors of the Company met on Tuesday, August 2, 2022, and the interim condensed consolidated financial information as at June 30, 2022 was approved unaudited. Injazzat Real Estate Development Company achieved profits in the second quarter of 2022 amounting to 1,133,657 Kuwaiti dinars, with earnings per share of 3.35, compared to profits of 147,712 Kuwaiti dinars, with earnings per share of 0.44 fils, which the company achieved in the second quarter of the fiscal year 2021.

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1Aug

The Board of Directors meets on August 2, 20...

It was decided to call the company's board of directors to meet on Tuesday, August 2, 2022 at 1:00 pm, in order to discuss and approve the unaudited interim financial statements for the period ending on June 30, 2022.

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