Kuwait Real Estate City has shown the company's loss last year compared to 2019 profits.
The company achieved losses in the fourth quarter of last year worth KD 5.62 million, compared with the profits of the same period from 2019, 572.08 thousand dinars.
The Board of Directors recommended at its meeting held on Sunday. Optional reserve of JD 703.082 thousand, and reduced the entire legal reserve balance of 2,018 million dinars, and then reduce the capital by the difference and 320.064 thousand dinars.
The company's profits fell 66.4% in the first day last year, to 633 thousand dinars, for profits of about 1.885 million dinars for the same period from 2019. < / p>
