Real Estate Trade Centers Company (Marakez) posted a net profit of around KWD 110,600 ($369,000) in 2014, compared to losses worth about KWD 129,500 ($431,900) in 2013, for the fiscal year of 2014.

Marakez recorded earnings worth about KWD 210,480 in Q4-2014 against losses worth nearly KWD 38,000 in Q4-2013.

The board of directors recommended an increase of KWD 1.9 million in the firm’s capital, to be collected from the creditors.

The real estate firm’s capital stands at KWD 11.55 billion, distributed on 115.5 million shares with a par value of 100 fils per share.