Mubasher: Aqar Real Estate Investments Company has announced the establishment of a fully-owned subsidiary under the name of Middle East Real Estate.

The new company’s capital amounts to KWD 10,000, according to a bourse statement released on Thursday.

Middle East Real Estate will engage in real estate-related business and trading of shares and bonds.

It is worth noting that Aqar Real Estate Investments revealed a 136.1% year-on-year increase in profits during the third quarter of 2019.