Kuwait-Mubasher: Al Arabiya Real Estate showed 113.8% increase in net profit to KWD 4.02 million ($13.4 million) in the fourth quarter of 2015, compared to KWD 1.88 million ($6.28 million) in Q4-14.

Al Arabiya posted KWD 1.76 million profits during the overall fiscal year 2015, compared to KWD 1.52 million in 2014, a rise of 15.8%.

The company’s stock rose 3.85% to 27 fils at 10:30 am on Wednesday.