The contract is valued at $11.3 million
MASAKEN
MASAKEN`R
6.14%
43.20
2.50
MASAKEN`R
Mubasher: Al Masaken International Real Estate Development announced it has signed a contracting agreement to build a residential tower in Mahboula town, Kuwait.
The contract is valued at KWD 3.42 million ($11.3 million), according to a bourse statement on Wednesday.
In September, Al Masaken announced it has sold some of its assets at a value of KWD 500,000 to increase its liquidity.
Source:
Mubasher