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Al-Arjan International Real Estate Company, listed on the Kuwait Stock Exchange, confirmed that its losses decreased by 49.32% year-on-year during the third quarter of 2026, and Arjan suffered losses in the three months ending September 30, 2026, amounting to KD 961.07 thousand, compared to losses estimated at KD 1.90 million in the third quarter of 2025.
In the first nine months of this year, the company suffered losses of 9.40 million dinars, an increase of 78.38% compared to its level of 5.27 million dinars in the corresponding period last year, according to a statement by the Kuwait Stock Exchange on Wednesday.
Arjan suffered 8.44 million dinars losses in the first half of 2026 compared to 3.37 million dinars losses for the corresponding period from 2025
Arjan attributed its losses to the losses achieved from the sale of an investment property, the increase in administrative and public expenses, and this was offset by a decrease in financing expenses, and an increase in the company’s share of associates and shareholding companies, with a decrease in net losses of projects and activities, and an increase in net profits of rents and resorts.
It is noteworthy that Arjan suffered losses of 8.44 million dinars in the first half of 2026, compared to 3.37 million dinars losses for the corresponding period last year, an annual increase of 150.2%, according to the latest data announced.
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