By KUNA
Kuwait : A new real estate company was founded with capital set at one million Kuwaiti dinar under the name “Dar Al-Dhabi Real Estate”, reported Al-Kuwait Al-Yaowm, the state gazette, Monday.
The gazette said the company was co-founded by Bunyan Real Estate Company, Bayan Investment Company, rawdatain international services, Batraa Holding, Al-Safwa International Consulting Company, and deera company for trade and contracting.
The company is to be headquartered in Kuwait and the board may set up branches or give licenses to representatives in Kuwait and abroad. It is to deal in sale and ownership of real estate in Kuwait and develop such property in Kuwait or abroad for its own benefit or on behalf of other parties.
It is also to deal in real estate bonds, organize real estate exhibitions, invest in portfolios run by other parties, and seek a role in construction of infrastructure for residential, commercial, and industrial areas and projects.