The listing of the Arkan Al-Kuwait Real Estate Co.on the Kuwait Stock Exchange (KSE) was announced on Monday.
Arkan future plans include the establishment of a real estate fund worth 20 million US dollars in Medina, Saudi Arabia, according to KUNA.
The listing reflected the trust the company had forged with KSE officials, who landed listing approval in one of the region's largest and most renowned financial markets, stated Arkan's Managing Director Bader Al-Ameeri in a recent press conference.
Arkan was established in 2003 by Gulf Investment House (GIH) to invest in Kuwait, Gulf, and other real estates around the world in compliance with the Islamic Sharia.
The company has provided distinctive Islamic real estate services with good returns for investors, with a capital of 19.385 million Kuwaiti dinars, explained Al Ameeri.
Al-Ameeri added that Arkan had almost completed the founding of a real estate fund worth between five and 50 million Kuwaiti dinars and was currently engaged in a high-quality investment complex project in one of Kuwait's best areas to create a hallmark for the company.