Mubasher TV
Contact Us Advertising   العربية

National Cinema to build $198.3m real estate portfolio

National Cinema to build $198.3m real estate portfolio
Photo Credit: Arabianeye-Reuters
KCIN
KCIN
3.96% 1,260.00 48.00

By: Ahmad Awad

Kuwait-Mubasher: Kuwait National Cinema will create a real estate investment portfolio for KWD 60 million ($198.3 million) inside Kuwait, said chairman Abdulwahab Al-Marzouq.

The firm has agreed on distributing 51% cash dividends as 51 fils per share.

National Cinema posted earnings worth KWD 8.7 million in 2014, compared to KWD 7.9 million in 2013, rising by 10%.