Danah Al Safat board proposes exiting Lebanese firm

Mubasher: The board of Danah Al Safat Foodstuff raised to the extraordinary general meeting (EGM) its recommendation of selling the company’s entire stake in the Lebanese firm F&B Venture Holding.

Danah Al Safat clarified that no financial impact will be registered in the financial statements of fiscal year 2017, as the company reported in FY16 statements a loss of KWD 1.83 million which was considered the financial impact from this deal, according to a bourse statement issued on Wednesday.

 

Mubasher Contribution Time: 29-Mar-2017 07:22 (GMT)
Mubasher Last Update Time: 29-Mar-2017 09:23 (GMT)