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Iskan Housing announces third quarter profits
19 Nov 2008
According to the firm, it achieved profits during the recent period of economic turmoil by pursuing a policy of strategic diversification on both a regional and international level.
Figures from Iskan reveal that shareholders' rights during the third quarter increased by 16.9 per cent to 40.83 million KD compared with the 39.94 million KD in the same period last year.
It said that its investment strategy has targeted high growth real estate projects in Oman, Bahrain as well as Kuwait during 2008.
Rasha Al-Awadhi, Iskan's head of investments, said: "The positive growth achieved in this year's third quarter is a testament to Iskan's ability to operate effectively under various economic conditions."
He added that the firm's dynamic strategy for both local and regional growth outlines the its focus on the sustainability and dedication of offering "robust investment opportunities".
Meanwhile, Kuwait firm Abyaar Real Estate recently unveiled its new corporate identity.
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