Real Estate Swap Approval: Sanam Real Estate Company and Fanan Real Estate Company
Sanam Real Estate Company has approved a real estate swap with its subsidiary, Fanan Real Estate Company K.S.C.C. The swap involves selling two properties in Bneid Al-Qar and Al-Farwaniya to Fanan Real Estate Company at a book value of KD 4,940,000. Additionally, the concession agreement rights of a land in Dubai, United Arab Emirates, will be transferred from Fanan Real Estate Company to a subsidiary of Sanam Real Estate Company, with a book value of KD 1,251,056