Kuwait’s Injazzat Real Estate Development is selling  a land plot in Abu Dhabi for AED 41.62 mn, Invest-Gate reports.

The financial impact of this deal will result in a loss of nearly KWD 324,430, which will be registered in the financial statements of the second quarter, a bourse statement adds.

Injazzat posted profits of KWD 2.35 mn in Q1 of 2017, up by 71.5% y-o-y from KWD 1.37 mn.