inner
Announcements
The Company announces that Janzour Real Estate Company WLL (“JREC”), a Kuwaiti subsidiary owned by 99% has completed the sale of residential apartments
06 November 2014

The Company announces that Janzour Real Estate Company WLL ((“JREC”), a Kuwaiti subsidiary owned by 99% has completed the sale of residential apartments owned by the Company in Bati Sehir project in Istanbul for value of USD 2.4 million (equivalent to KWD 697,440) resulting in net profit of USD 321,621 (equivalent to KWD 93,463). The transaction results will be reflected in the Company’s financial statements for Q4 2014. JREC has also invested an amount of USD 2.4 million in Emporia project in Istanbul, which is a residential project on the Asian side of Istanbul.