Kuwait .. “United Real Estate” shares has achieved its highest level since the inclusion

The shares of the United Real Estate Company, which is listed and traded on the Kuwait Stock Exchange, increased by 4.90% during trading today, to circulate at the price of 214 fils per share, achieving its highest level since the list.

1.50 million shares of the United Real Estate Company were traded at that time, with a value of trading 330.12 thousand dinars.

The highest price of the stock was at that time at 246 fils, while the lowest price was at 205 money.

The United Real Estate Company recorded a remarkable growth in its profits during the year 2024, as it increased by 21.34% to reach 5.09 million dinars, compared to profits of 4.19 million dinars in 2023.

This annual improvement is mainly due to the increase in operational profits resulting from the performance of the hospitality sector, in addition to improving the returns from associate companies, although this increase partially met with an increase in the losses of investment real estate evaluation.

During the third quarter of 2024, the company achieved profits of 1.30 million dinars, which represents an annual growth of 85.99% compared to 697.73 thousand dinars in the same period in the previous year.

As for the first nine months of 2024, “United Real estate” recorded profits of 5.30 million dinars, an increase of 11.94% compared to the same period from 2023, where the profits at the time were 4.74 million dinars.