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National Holding subsidiary sells units in UAE project for AED 3.8 mln

National Holding subsidiary sells units in UAE project for AED 3.8 mln
NIH
NIH
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National International Holding said its wholly-owned subsidiary Ela National Real Estate has sold three units in its UAE -based property project "Mazaya Business Avenue" at total amount of AED 3.870 million. A bourse statement by the company noted that the aforementioned sales transaction is likely to generate net profit of KWD 88.759 thousands. The company has received the whole sales proceeds amount, added the statement.

Noteworthy, the company posted interim financial statements for Q1-14 which reflected KWD 230.400 profit, a 0.8% rise compared with KWD 228.500 a year earlier.