- Company News
The Board of Directors of the Company met on Monday, July 31, 2023, and approved the interim condensed consolidated financial information as of Jun 30, 2023, unaudited. Injazat Real Estate Development Company achieved profits in the second quarter of 2023 amounting to 1,040,776 Kuwaiti dinars, with a profit per share of 3.08, compared to profits of 1,133,657 Kuwaiti dinars, with a profit per share of 3.35 fils, achieved by the company in the second quarter of the fiscal year 2022
Please note that the Capital Markets Authority 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, taking into account that the purchase amount does not exceed the amount of available financing sources, in accordance with the articles of Law No. 7 of 2010 and its executive regulations and their amendments.
One of the subsidiaries of Injazzat Real Estate Development Company has signed a contract for the construction of a multi-storey commercial building. The project consists of 44 floors, including 6 floors designated for car parking. The project is located in Kuwait City, Al Mirqab area, on Omar Bin Khattab Street.