The Board of Directors of Al- Massaleh Real Estate Company, held a meeting on Thursday and approved obtaining a loan from Al-Corniche Club Company
In a statement issued yesterday to Boursa Kuwait, Al-Massaleh said that the board of directors also approved exiting the company’s investments in Malta by transferring their shares in the " Gemxija Crown Limited Company.

The company explained that exiting its investments in Malta will result in slashing the paid interests and reduce debts by € 2 million, as the aggregate amount of debt is € 42 million, and the buyer will undertake the payment of the debt.

Al-Massaleh Company’s losses increased by 63% to reach KWD 2.715, compared to losses of KWD 1.663 million in 2020.