Mubasher: Gulf Bank of Kuwait (GBK) clarified that The Cube Complex in Salmiya, Kuwait, was already purchased on 2 June 2016 for KWD 55.3 million.
GBK recently announced the sale of this complex for KWD 50 million, according to a bourse filing on Sunday.
The bank already received a provision valued at KWD 5.3 million under the article devaluation of other assets as registered in the financial statements of fiscal year 2016.
No essential financial impact will be registered based on this provision, GBK added.
