Kuwait-Mubasher: Al Imtiaz Investment Group announced on Thursday that “two of its associates and another company” have signed debts settlement agreement for KWD 3.26 million.
The debt settlement deal marked Al Imtiaz Investment and its associates as sellers of available-for-sale investments.
The company will yield a profit worth about KWD 600,000 that will result from the sales transaction. Meanwhile, it will net KWD 413,240 as part of the direct and indirect profits achieved by its associates.
Gross profit from selling the investments totals KWD 1.1 million which will be registered in Q4-15 financials.
