Kuwait's Capital Markets Authority approved United Real Estate Co.'s bond issue of up to 60 million dinars, Reuters reported March 11, citing a company statement.
Kamco Investment will manage the bond issue.
United Real Estate is a Kuwait-based diversified real estate company that has been publicly traded since 1984, according to its website.
As of March 9, US$1 was equivalent to 301 Kuwaiti fils.
