Mubasher: The Commercial Real Estate (Al Tijaria) on Wednesday announced that its subsidiary, Al Mutajara Real Estate Co, has invested $3.25 million (KWD 987,580) in a real estate development company in Houston, Texas, the US.
The subsidiary has partnered with a consortium of investors to invest in developing and selling luxurious houses and golf arenas, according to a bourse statement.
Al Mutajara owns a 10% share in this investment, the company added, noting that it will not affect the financial position of the group.
By the end of Wednesday’s trading session, Al Tijaria’s stock hiked 0.83% at 85.5 fils after 443,700 shares were traded at a turnover of KWD 37,700.
