Kuwaiti real estate firm The Commercial Real Estate Company (Al-Tijaria) recorded third quarter net profit of KWD 8.3 mn, the Kuwait Times reported on Monday.

This marks an increase of 9% compared to the same period last year. The company also reported increases in shareholders’ equity of 5.4% and a growth in return on capital of 9%, compared to the third quarter of 2015.

The company’s Chairman, Abdulfatah M R Marafie, also announced entering a new real estate investment in the Netherlands worth KWD 1.7 mn, saying this comes in line with the firm’s strategy to diversify its investment portfolio.