Mubasher: Jiyad Holding Co has sold its subsidiary Dubai International Limited – Offshore Cayman Islands, according to a bourse disclosure on Wednesday.
Jiyad said it sold the subsidiary at a total value of KWD 6.43 million.
It added that a profit valued at nearly KWD 9,260 will be collected and registered in the income statements of fiscal year 2018 as a financial impact of selling the unit.
At the stock level, Jiyad closed Wednesday’s session 3.27% lower at 71.1 fils.
