By: Mohamad Farouk

Mubasher: Injazzat Real Estate Development is projected to record a growth of 12.5% in profits to KWD 3.6 million in fiscal year 2017 compared to KWD 3.2 million in FY16, capital market analyst Ahmad Jassim Al Qamr told Mubasher.

Al Qamr added that Injazzat is forecast to distribute 5% of capital as cash dividends for FY17.