Al Safat Investment Company has received two letters from Kuwait Municipality awarding it two auctions with a combined estimated value of KD 2.54 million. The first covers the management, operation and use of the Barayeh Salem project in Salmiya for KD 1.12 million. The second covers the Souq Enjaz Al-Rai project for about KD 1.42 million. Both run for 3 years. The company will record rental revenue and liabilities over the contract period, to be shown in its financial statements for the relevant periods, according to Mubasher.
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