Mubasher: Danah Al Safat Foodstuff will hold its extraordinary general meeting (EGM) on 10 May to consider selling its entire 100% stake in the Lebanese firm F&B Venture Holding, according to a bourse statement issued on Tuesday.
The Kuwaiti company had previously clarified that no financial impact from this deal will be realised in the financial statements of fiscal year 2017, since a loss of KWD 1.83 million has already been registered in FY16 statements as a financial impact.
At the stock level, Danah Al Safat rose by 1.11% to reach 91 fils by 10:45 am Kuwait time, with liquidity reaching around KWD 44,960 and a volume of 493,000 traded shares.
