Al-Mazaya Holding Company has announced that it had accomplished a transaction of land sale in Dubai with A’ayan Leasing & Investment Co.. The deal is estimated at 16 million Kuwaiti Dinars ($54.7 million), reported the Kuwaiti newspaper Al-Rai al-Aam on September 28, 2005.
The net profits of this transaction are expected to total in 3 million Kuwaiti Dinars ($10.2 million). The company announced that the results of this transaction will appear in the company's budget for the third quarter of the current year.
