Kuwait – Mubasher: First Investment received a cash amount of KWD 2.013 million from the liquidation of its 33.21%-owned subsidiary.
First Energy Resources Company, the unit, has distributed KWD 6.06 million on the shareholders following the liquidation process, according to a bourse statement issued Monday.
The financial impact from this process will be a decrease in cash and minority rights by KWD 4.05 million on the level of the consolidated financial statement.
