Kuwait: Dalqan shares rose 0.97% after signing a contract to sell an investment property

The shares of Dalqan Real Estate Company, listed and traded on the Kuwait Stock Exchange, rose by 0.97% at the end of today’s session, Sunday, to trade at a price of 209 fils per share, after signing a contract to sell an investment property.

Trading in Dalqan shares occurred at that time, through 15 trading transactions, on 2.91 million shares, with a trading value of 608.19 thousand dinars.

Dalqan Real Estate Company announced the signing of a final sale agreement for an investment property located in the Salmiya area, Plot No. 101, with a total value of up to 1.25 million Kuwaiti dinars.

The company explained that this deal will lead to achieving a financial profit estimated at 160 thousand dinars, and this profit will be recorded in the company’s financial reports during the last quarter of 2024.

The company’s financial statements showed that it achieved a net profit of 45.17 thousand dinars during the three months ending on September 30, compared to a net profit of 41.37 thousand dinars during the same period of the previous year.

The company also witnessed growth in its profits during the first nine months of this year, as they rose by 11.95%, reaching 161.22 thousand dinars, compared to profits amounting to 144.01 thousand dinars during the same period last year.