An official lease agreement has been signed with Warba Bank to exploit rental areas exceeding 9.7 thousand square meters Arraya Tower that will be available after the end of National Bank of Kuwait’s contract.
The company succeeded in exiting a number of local and international real estate investments, achieving profits of more than 7.5 million K.D.
Adding to the company’s success in strengthening its financial position, early payments of credit facilities for the parent company contributed to reducing finance costs in the company’s income statement.
Assima Project
the total leased areas in the commercial complex of the project totaled to 53,550 m2 by the end of 2019, accounting for 73.5% of the total leasable areas in the complex
Car parking development
The company added the first service of payment via K-NET gateway in Kuwait state at its facilities, easing the parking pay machines process through the distribution of the KNET machines at the parking exits at Salhia Commercial Complex and Arraya Commercial Centre,
also installed an automated guidance system within its parking facilities to help motorists identify vacant positions, In addition to electronic charging stations to charge electric vehicles.