Mubasher: Kuwait Finance and Investment (KFIC) has sold 13.26 million of its shares in Mena Real Estate. The deal was concluded on Tuesday, 31 December 2019, Mena Real Estate said in a bourse statement on Sunday.
In November, the target of KFIC’s ownership in Mena Real Estate was changed to a short-term investment.
It is worthy to note that during the six months ended September 2019, Mena Real Estate incurred losses worth about KWD 115,380 that were 61% down from about KWD 294,480 a year earlier.
