Mubasher: Aayan Leasing and Investment announced it has completed an assignment of its equity in Inshaa Al Ahlia Real Estate in favor of Mubarrad Holding Co.
This transaction will result in an increase in the cash value and a decrease in the other assets by about KWD 1.125 million. This financial impact will be registered in the income statements of the third quarter of 2018, according to a bourse statement on Tuesday.
In a separate disclosure, Mubarrad Holding Co announced it has completed an acquisition transaction in Inshaa Real Estate and paid the total value.
Mubarrad added that an increase of KWD 1.14 million will be registered in the other assets and investments value. This impact will be realised in Q3 financials.
Following this transactions, Inshaa Real Estate will become a subsidiary that is 100%-owned to Mubarrad.
