Mubasher: International Resorts announced its preliminary approval to consider Kuwait Real Estate’s request regarding non-cash and non-mandatory acquisition of International Resorts’ shares.

Conducting this takeover proposal will not impact International Resorts’ financial profile in the current time, according to a bourse statement on Monday.

It is noteworthy that International Resorts has a capital of KWD 15.45 million distributed on 154.5 million shares at a par value of 100 fils each.