First Dubai owns $320m assets across UAE, KSA – Chairman

First Dubai owns $320m assets across UAE, KSA – Chairman
First Dubai has succeeded in achieving the company’s FY18 objectives
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Mubasher: The Kuwaiti First Dubai for Real Estate Development currently owns assets valued at KWD 96.9 million (approximately $320 million) across the UAE and Saudi Arabia, the chairman of First Dubai Abdul Aziz Bassem Al Loughani said.

First Dubai has succeeded in achieving the company’s objectives of presenting a various range of real estate services and projects over fiscal year 2018, the chairman said, during the ordinary general meeting (OGM) on Wednesday.

The Boursa Kuwait-listed company achieved operating revenues from selling and leasing units in its real estate portfolio, Al Loughani added.

During FY18, First Dubai achieved a net profit of KWD 2.94 million, in addition to earnings per share (EPS) of 2.95 fils.