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Results of Board of Directors Meeting

Board of Directors of Kuwait Real Estate Company met on Wednesday 27/03/2019 at 01:00 pm The consolidated financial statements and independent auditor's report for the financial year ended 31/12/2018 have been approved. It was recommended to distribute 5% bonus shares (treasury shares) to the shareholders of the Company without any increase in capital or increase in the number of shares issued. These shares are due to shareholders registered in the Company's records at the end of the due date of 15 working days after the date The General Assembly shall convene and the distribution of such shares shall commence after 5 working days from the end of the maturity date