Mubasher: Sokouk Holding Company disclosed that it owns indirect investments of 34 units in ZamZam Pullman Medina Hotel and Dar Al Qiblah tower in Saudi Arabia.

It is worth noting that Sokouk owns a stake of 27.67% of Munshaat Real Estate Projects’ capital, according to a bourse statement issued on Tuesday.

Munshaat Real Estate, which executed the Saudi project, is considered an associate to Sokouk Holding.

Earlier on Tuesday, Munshaat Real Estate announced that its fully-owned subsidiary, Munshaat for Projects and Contracting Co, has renewed a contract on the usufruct rights of Dar Al Qiblah project for 25 Hijri years.

At the stock level, Sokouk rose by 1.44% to reach 49.2 fils by 11:10am Kuwait time, after 3.22 million shares were traded.