Mubasher TV
Contact Us Advertising   العربية

Oula Fuel buys KWD 4m real estate assets

Oula Fuel buys KWD 4m real estate assets
Oula Fuel achieved profits of KWD 3.685 million in 9M-19
OULAFUEL
OULAFUEL
-0.73% 136.00 -1.00

Mubasher: Oula Fuel Marketing Company has purchased a building at a cost of KWD 3 million and a land plot, for the purpose of investment, at KWD 1 million.

Oula Fuel said that a monthly rent of KWD 16,000 will be received as a result of investing in the building, according to a statement to Boursa Kuwait on Monday.

It is noteworthy to mention that during the first nine months of 2019, the company achieved profits of KWD 3.685 million, up 4% from KWD 3.543 million in the same period in the previous year.