Mubasher: Aayan Real Estate has sold a Kuwait-based investment property at a value of KWD 1.08 million ($3.56 million).

The company will generate a profit of KWD 190,500 profit from the sale, which will be listed in its statements for the second quarter of 2019, according to a statement to Boursa Kuwait on Monday.

In 2018, Aayan Real Estate turned a profit after generating KWD 3.02 million, against a loss of KWD 850,000 a year ago.

On Thursday, Aayan Real Estate’s shareholders approved the board’s proposal for distributing KWD 2.04 million at 5 fils per share as cash dividends for the full fiscal year 2018.