Al Assima Real Estate Co announced that it expects to receive KWD 30 million in funding from Salhia Real Estate Company K.S.C.P.
Al Assima Real Estate Co announced that it will receive KWD 30 million in a round of funding from returning investor Salhia Real Estate Company K.S.C.P. (KWSE:SRE) on May 5, 2019. The company will issue common shares in the transaction. The transaction was approved by shareholders of the company at the extraordinary general meeting. Post-closing of the transaction, the capital of the company will increase to KWD 110 million.