Kuwait .. Al -Salhiya Real Estate shares rises to the highest level in 9 months

The shares of the Salihiya Real Estate Company, the included and traded on the Kuwait Stock Exchange, increased by 1.56% during trading today, to close at 457 fils per share, achieving its highest level in 9 months.

1.49 million shares of the Salhiya Real Estate Company were traded at that time, with the value of trading 672.77 thousand dinars.

The highest price of the share at that time was at 457 fils, while the lowest price was at 450 fils, to touch the share in the highest price in 9 months and 16 days. Salihiya Real Estate Company recorded an annual growth of 27% in its profits during the fourth quarter of 2024, as the profits of that period amounted to 4.73 million Kuwaiti dinars, compared to 3.73 million dinars in the same period in 2023.

On the level of annual performance, the company made profits worth 12.62 million dinars during the year 2024, which represents a 21% decline compared to a net profit of 16.01 million dinars in 2023. The company indicated that the decrease in annual profits is due to the high costs of consumption and firefighting, in addition to increasing financing costs.

The “Salhiya Real Estate” is a Kuwaiti public shareholding company, listed on the Kuwait Stock Exchange since 1984, and was established in September 1974. The company is active in the field of real estate development and real estate projects management, and is based in Kuwait City.