Mubasher: The chairman of Munshaat Real Estate Projects, listed on Boursa Kuwait, announced that the company’s investments in the Saudi market exceeded KWD 100 million ($332 million).

The company is trying to establish partnerships with local and regional players, according to Alqabas newspaper, citing chairman Emad Al Monayea as saying.

Munshaat managed to shrink its losses by 80% to KWD 240,000 in the second quarter 0f 2017, and lowered H1-17 losses by 52% to KWD 1.3 million.

By 11:57 am Kuwait time on Thursday, Munshaat’s stock dropped 0.33% to 60.8 fils, with 527,600 shares traded at KWD 31,600.