- Company News
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.
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.
Based on the instructions of the Capital Markets Authority regarding the disclosure of material information and the mechanism of its announcement, we inform you 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.P.S.C for a period of six months, provided that it does not exceed The purchase amount is the amount of available financing sources, in accordance with the articles of Law No. 7 of 2010 and its executive regulations and their amendments.