Mubasher: The board of Kuwait Business Town Real Estate Company approved the selling of an investment property to one of the company's subsidiaries at a value of KWD 25.501 million, without achieving a profit nor a loss.
The transaction will not have any material impact on the firm’s consolidated financial statements, according to a bourse filing on Tuesday.
It is worth noting that over the nine-month period ended September 2019, the company’s profits increased by 22.8% to KWD 1.88 million from KWD 1.53 million in the corresponding period last year.
