Mubasher: Kuwait Finance and Investment (KFIC) achieved profits of around KWD 503,000 after it had existed some assets.
KFIC signed a final sale deal at a value of KWD 2.6 million to exist some of its assets, including Taameer Real Estate Investment, Mena Real Estate, and Around the World Holding, according to a statement by Boursa Kuwait on Tuesday.
KFIC expected that the deal’s remaining provisions will be applied during 2020, and its financial impact will be registered in the financials of the fourth quarter (Q4) of 2019.
Noteworthy to mention, on Tuesday, Boursa Kuwait decided to resume trading on KFIC’s shares.
