The Kuwait Building and Construction Company recorded a 3.4 million Kuwaiti Dinar ($11 million) net profit in the first half of 2002, compared to KD 4.6 million during the same period last year. Assets increased last month to KD 43.1 million and shareholders rights increased to KD 42.3 million, reported KUNA.
The company is involved in owning, selling and purchasing real estate, land and developing it for its account inside and outside Kuwait and managing properties on behalf of others. It also owns, sells and purchases shares and bonds in real estate companies for its account only inside and outside Kuwait. In addition, the firm manages real estate investment funds and invests its surplus funds in financial and real estate portfolios managed by specialized institutions. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
