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KUWAIT CITY, Nov 2: United Real Estate Company (URC), a leading real estate developer in Kuwait and the MENA region, announced its financial results for the 3rd quarter ended 30 September 2022. The Company recorded an increase in its net profit by 33.33% to reach KD 1.60 million for the 3rd quarter
Kuwaiti real estate developer URC has announced that its shareholders have approved the merger with United Towers and Al Dhiyafa Holding as well as the proposal to increase its capital from KD119 million ($382 million) to KD143.1 million ($460 million).
Kuwait-based United Real Estate Company (URC) has reported a 41.64% increase in its Q1 net profit mainly driven by the renormalisation and ease in pandemic curbs which resulted in increased revenue from malls, hospitality sector and real estate services.
Kuwait-based United Real Estate Company (URC) has reported a 41.64% increase in its Q1 net profit mainly driven by the normalisation and easing of pandemic curbs which resulted in increased revenue from malls, hospitality sector and real estate services.