Aqarat and Sanam Real Estate Enters into a Strategic Partnership in "ERADAT"
Aqarat - Kuwait Real Estate Company and Sanam Real Estate Company announced the signing of a preliminary agreement to enter a strategic partnership. This collaboration aims to introduce unique real estate products through a company partnership that is shariah compliant, named ERADAT International Real Estate Company. The partnership will result in a company with a diversified real estate portfolio, offering rewarding returns and enabling the distribution of periodic dividends to shareholders. Notably, this marks the first collaboration between these two entities, with a primary objective of delivering innovative and sustainable solutions within the realm of real estate investment. Following the signing of the preliminary agreement, the capital of ERADAT is poised to exceed KD 13 million. Aqarat - Company will be holding a majority share of 62.5%, while Sanam Real Estate Company will hold a share of 37.5%, after the completion of the strategic partnership procedures.