The head of the founders committee of Kuwait's Al-Buruj for Real Estate Investments, Mohammad Saleh al-Khana, announced the establishment of the company in the first founding meeting, which took place on April 2, reported the Kuwaiti newspaper, Al-Rai al-A'am on April 3.
The general assembly of the company agreed upon the final announcement on the the establishment of company, and upon electing its board of directors for the next three years. The company also announced its goals as: buying and selling real estates and lands and its development for the behalf of the company inside and outside Kuwait, managing others' assets, direct participation in BOT projects of infrastructure for dwelling, commercial and industrial projects, and exploiting of the financial interests of the company through investing it in financial portfolio managed by specializing companies.
It should be mentioned that Al-Buruj for Real Estate Investments' capital is 1 million Kuwaiti Dinars ($3.42 million), divided to 10 million shares; the value of each share is 100 fils.
