Mubasher: Aayan Real Estate Company, a subsidiary of Boursa Kuwait-listed Aayan Leasing and Investment, has purchased an investment property, located in Mahboula district in Kuwait, at a total value of KWD 1.12 million.

The company referred that the deal’s financial impact will be an increase in the investment properties account and a decrease in the available liquidity and bank balances, according to a statement by Boursa Kuwait on Tuesday.

It is noteworthy to mention that during the first nine months of 2019, Aayan Real Estate witnessed a decline of 118.1% in profits to reach KWD 1.76 million, compared to about KWD 806,960 in the same period the previous year.