Al-Mal Investment Company announced in a statement to the Kuwait Stock Exchange today that Deyaar Al-Kuwait Real Estate Company, which is one of its associate companies, which owns 40.25% of its share, has acquired 50.82% of the shares of the Egyptian Saudi Tourism and Real Estate Investment Company, which is a closed Egyptian joint stock company with a value of KD 2.1 Million Kuwaiti Dinars.
Al-Mal Investment Company clarified in the statement that the result of this acquisition through the associate company, Dyar Al-Kuwait Real Estate Company, resulted in a profit for the associate of KD 6,907,872. The share of Al-Mal Investment Company is a profit of KD 2,780,418. December 31, 2019.