By: Ahmad Awad

Kuwait-Mubasher: International Resorts has been investing KWD 60 million ($198 million) in building a resort in Al Dabb'iya, South Kuwait, said chairman Khaled Al Attal.

The company is working on finalising the licenses required for the 196,000 square-meter resort, the chairman noted on the sidelines of the ordinary general meeting (OGM) held Tuesday.

Furthermore, the shareholders decided to retain earnings for the fiscal year 2015.

International Resorts' stock dropped 3.3% to reach 29.5 fils before closing Tuesday’s session, as about 4,500 shares were traded through one transaction at a value of KWD 133.

Translated by: Ingy ElSafy