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Al-Oula Dubai Company

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Al Bawaba
October 10th, 2005 - 09:02 GMT

Kuwait's Al-Mazaya profits boosted by land deal

Kuwait's Al-Mazaya Holding Company posted significant net profits following the successful accomplishment of land sale transaction in Al-Safuh area in the Emirate of Dubai. The deal was valued by KD3 million (US$10.27 million), on behalf of Aayan Leasing and Investment Company. This sum will be added to the company's profits during the third quarter of the current year, reported Al-Sharq al-Awsat newspaper on October 6, 2005. The vice chairman of ...
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