Kuwaiti businesswoman sells land for KD20 million

It has been reported, according to the Kuwaiti newspaper Al-Watan on April 4, 2005), that an Islamic company has bought a land from a well known businesswoman for KD20 million ($68.4 million), and intends to sell the same land for KD 40 million ($136.9 million), after it will obtain a commercial license from the municipality. The profit is expected to be 35 fils per each share.