Real Estate Facilities Company announced in a statement to Boursa Kuwait yesterday the execution of a share purchase transaction involving a 14% stake from a shareholder in Tasheelat Real Estate Investment Company — an affiliated company — through a subsidiary of Tasheelat Commercial, which owns a 97% stake in it.

The company explained that its total ownership in the affiliated company has increased to 48.91% after the transaction.

It also revealed that the financial impact of this deal is related to the exposure to profits and losses from Tasheelat Real Estate Investment Company’s operations. Based on the latest financial statements, the expected impact for the fiscal year ending December 31, 2025, is an increase in profits by approximately KD 250,000.