Al Mudon International Real Estate Company KSCC (KWSE:ALMUDON) signed a contract to acquire 60% stake in Egyptian Saudi Real Estate Investment for KWD 7.5 million on December 25, 2013. The deal's financial impact will be reflected on Al Mudon International's financial statements on the date of finalizing the deal and transferring equity in Al Mudon International, either at the end of this first year or in the first quarter of financial year 2014.

Al Mudon International Real Estate Company KSCC (KWSE:ALMUDON) completed the acquisition of 60% stake in Egyptian Saudi Real Estate Investment in the period ending on December 31, 2013. Al Mudon paid KWD 5.03 million in 2013, KWD 1.09 million in the period ending on March 31, 2014 and KWD 1.38 million in the period ending on June 30, 2014.