Kuwait-Mubasher: Al Imtiaz Investment Group said that a 44%-owned associate has exited an investment listed in Muscat Securities Market (MSM) for OMR 9.1 million (KWD 7.2 million).
The company is expected to achieve direct and indirect gains worth around KWD 796,000 to be registered in the financial statements of the first quarter 2016, according to a bourse filing.
Al Imtiaz will own 57.48% of the associate once the legal procedures of this deal are completed.
