The Chairman and CEO of AL Mutajara Real Estate Company, Abdul Fattah Al-Ma'arifi, announced the convening of the ordinary general assembly meeting of Real Estate Trading Company today (a subsidiary owned 79.2% by the Commercial Real Estate Company) with a quorum of 452.87% of shareholders present.

The company achieved net profits for the fiscal year ending on 31-12-2024 amounting to KWD 4,377,845, with a return on equity rate of 15.09%, and a return on shareholders' equity rate of 6.47%, and a return on total assets rate of 4.9%.

The ordinary general assembly approved the board of directors' recommendation to distribute cash dividends of 3.5% of the nominal value per share for the second half of 2024. 
Real Estate Trading had already distributed cash dividends to shareholders for the first half of 2024 at a rate of 3.5% of the nominal value per share, bringing the total distribution value to 7% for 2024.

Al-Ma'arifi stated that "the company continues its methodology and strategy based on maintaining diversity in its real estate and investment portfolio in terms of size, nature of investments, and geographical distribution, within a working plan aimed at balancing risks and returns, by entering into promising and income-generating investments to benefit our shareholders."