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Real Estate Facilities says 2012 profit stood at KD11m
- Kuwait: Saturday, April 27 - 2013 at 05:15
Real Estate Facilities Co (REFC) has reported a net profit of KD11m ($38.4m) for the year ending March 31, 2012, as the Kuwait-headquartered firm expanded its local real estate income generating portfolio. Total Assets of as at March 31, 2012 grew 1% year-on-year to KD27.8m. Founded in 2008, REFC offers short-term, mid-term and long-term loans to individuals and bodies for purchasing and building various kinds of real estate.
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