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National Real Estate to exit KWD 25m asset in Kuwait

National Real Estate to exit KWD 25m asset in Kuwait
The complex has a total land space of 4,197 square metres
NRE
NRE`R
-13.50% 71.10 -11.10

Mubasher: National Real Estate announced it has signed a preliminary contract to sell Dasman Complex at a value of KWD 24.75 ($81.6 million), according to a bourse disclosure on Monday.

The complex, located in Kuwait City, has a total land space of 4,197 square metres and is owned by Dasman Commercial Complex - Joint Venture which is a subsidiary of National Real Estate.

National Real Estate clarified that no financial impact will be registered in the current time.