Kuwait .. Arkan arrows increased 3.53% after signing a new project contract

The arcade of the Kuwait real estate staff, which is included and traded on the Kuwait Stock Exchange, rose by 3.53% during trading today, Sunday, to circulate at the price of 96.8 fils per share, after signing a legitimate contract.

The trading on the Arkan Real Estate shares at that time came at 35.11 thousand shares, with a value of trading 3.4 thousand dinars.

The highest price per share was at that time at 102 fils per share, while the lowest price for the share was at 96.8 fils per share.

The share of the Arkan Real Estate Company witnessed a remarkable increase after the company announced the signing of a contract to design a new project in the morning area of ​​Sabah Al -Ahmad, at an estimated value of 780 thousand Kuwaiti dinars.

The company stated that the value of the contract will be paid in batches during the implementation period, and it will be calculated within the total costs of the project.

On the first of October 2024, Arkan announced the conclusion of a contract that includes the design, construction and exploitation of commercial land with an area of ​​20.2 thousand square meters in the same area, with a total value of 10 million Kuwaiti dinars.

In terms of financial performance, the company’s results for the first quarter ended on January 31, 2025 showed a significant reduction in its annual losses by 79%, reaching 39.06 thousand dinars, compared to losses of 189.73 thousand dinars in the same period in the previous year.

Throughout the fiscal year ending in October 2024, “Arkan” recorded a net profit of 1.58 million dinars, a significant increase of 498% compared to the previous year in which it recorded profits of 264.71 thousand dinars.