Kuwait – Mubasher: Awj Holding signed a SAR 127.5 million (KWD 10.3 million) deal to lease one of its properties outside Kuwait for five years, according to a bourse statement.
The lease value will reach SAR 26 million in the first four years and SAR 23.5 million in the fifth year.
The contract’s financial impact will be reflected on the interim financial statements, in accordance with adopted accounting standards.
The company’s stock rose 1.3% to 78 Kuwaiti fils in Monday’s early trades, with a turnover of KWD 19,500 from the exchange of 250,000 shares.
