Mubasher: Kuwait Finance and Investment (KFIC) on Wednesday announced exiting from an investment in a subsidiary, Bein Bridge- GCC, with a total value of KWD 407,000 ($1.34 million).
The divestment led to incurring a net loss of KWD 87,180 ($286,600) realised in KFIC’s financial results for the first quarter of 2019, according to a statement to Boursa Kuwait.
KFIC last reported a 62% hike in losses during the fourth quarter of 2018, reaching KWD 118,030, up from KWD 72,790 in Q4-17.
