Kuwait-Mubasher: First Dubai for Real Estate Development said that the board of directors has discussed the evaluation of the investment opportunity with Al Mazaya Holding, which is listed on both KSE and DFM.

The board has recommended explaining the investment deal to the shareholders during their ordinary general meeting in order to review and approve it.

In case the shareholders agree on Al Mazaya deal, an increase in real estate assets as well as the consolidated investments.

First Dubai stock settled at 38 fils after an hour from starting Thursday’s trading session.