Mubasher: Sanad Holding Co on Wednesday announced that its board of directors has agreed on investing in a land plot in Sharjah, UAE.

The Kuwait-based company has purchased the land at a value of KWD 6 million ($20 million), Sanad said in a filing to Boursa Kuwait.

Upon this buying process, Sanad aims at setting up a huge real estate project, on which it could gain remarkable revenues, the firm highlight.