By: Mohamad Farouk

Mubasher: Aqar Real Estate Investments is likely to post higher profits by 12.4% in the fiscal year 2017 compared to the previous year, capital market analyst Ahmad Jassim Al Qamr told Mubasher.

The earnings are forecast to reach KWD 2 million in FY17 from KWD 1.78 million in FY16, the analyst added.

Al Qamr noted that Aqar is expected also to distribute 6% of capital as cash dividends for FY17.