Al-Tijaria Co. posts KD 29 mln in net-profit from vacant lands

21/06/2011 00:00 AST

The Commercial and Real-Estate Company (Al-Tijaria) announced Tuesday that it posted a net profit of KD 29 million by selling vacant lands in Mahbolah area for an estimated KD 34.3 million.

Chairman of the Board and Managing Director of the Company Abdulfatah Ma'rafi said that the company had studied the effects of the profit on the company's performance for the current fiscal year, noting that it would reflect positively on the company and shareholders.

The company is eager to boost its profits in line with its current policy that aimed at achieving mutual benefit for clients and the company, said the official, hoping that the policy would benefit Kuwait's ambitious plan to turn the country into a regional and international hub for business.

Al-Tijaria was established in 1968 with a capital of KD 183.8 million. The company was listed in Kuwait Stock Exchange (KSE) in 2004.


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