Mubasher: Amwal International Investment on Wednesday said it has signed a one-year financing contract with its 51% subsidiary Noor Capital Markets for Financial Brokerage Co.
Under the deal, Amwal will pump KWD 90,000 in its unit, subject to market conditions, according to a statement to Boursa Kuwait.
The parent company expected to generate a profit of KWD 4,610 after completing the deal.
In February, Amwal International Investment announced turning a profit during the fourth quarter of 2018, logging KWD 83,150, against a loss of KWD 25,510 in Q4-17.
