Kuwait’s real estate developer Ajial Real Estate Entertainment posts a net profit of AED 1.1 mn in the first quarter of 2017, compared to AED 733,264 in the same period a year earlier, Invest-Gate reports.

According to the company’s quarterly financial report, total operating revenue also hit AED 1.4 mn in the first quarter of 2017, compared to AED 1 mn in the same period the prior year.

Ajial Real Estate Entertainment, known as AREEC, is a public company listed on Boursa Kuwait since May 1997. It operates in the Kuwaiti real estate sector focusing on diversified real estate activities.