KUWAIT REAL ESTATE COMPANY KSE:KRE:
PURCHASED А 66.6% STAKE IN A PLOT OF LAND IN EMIRATE OF ABU DHABI
DEAL FOR A TOTAL VALUE OF KD 17.721 MILLION
CO'S SHARE IS 46.6%, VALUED AT KWD 12.399 MILLION
LAND WILL BE UTILIZED FOR DEVELOPMENT OF AN INVESTMENT PROJECT IN UAE
DEAL FINANCIAL IMPACT WILL BE REFLECTED IN Q2 FINANCIAL STATEMENTS