Written by: Ahmed Awad

Arkan Al Kuwait Real Estate disengaged from some of its investments in Saudi Arabia and Kuwait during the last period in order to take advantage of new promising investment opportunities, said Badr al-Amiri, company's Chief Executive Officer.

The company seeks to expand overseas where GCC countries would account for only 10% of the expansion plan,  al-Amiri.

Al-Amiri, who was quoted by Mubasher, noted that the value of the company's property portfolio stands at KWD40 million.

The company enjoys high liquidity of around KWD16 million, stated Al-Amiri.

Meanwhile, the company have strong financial solvency, which will be reflected at its annual cash dividends distribution.

On other side, Al-Amiri expects the real estate prices to decline by 5% to 10% in 2015 in respect to residential units and investment units.

Translated by: Shaimaa ELSarky