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Kuwait Real Estate Company – K.P.S.C

The Group began to deliver 231 residential units within the Miami project, where the total sales of residential units amounted to more than U.S. Dollar 72.6 million, equivalent to Kuwaiti Dinar 22 million and is expected to recognize a profit of U.S. Dollar 15.4 million equivalent to Kuwaiti Dinar 4.6 million, of which the Group's share is 51% valued at U.S. Dollar 7.8 million equivalent to Kuwaiti Dinar 2.4 million.

The financial impact is expected to be reflected during the second and third quarters of the current financial year.

The project also includes 222 hotel rooms and is expected to open the hotel in April from the current year.