Mubasher: Gulf Investment House (GIH) has increased its equity ownership in an unlisted associate, Afkar Holding, by 6.82% at a total value of KWD 779,940.
Currently, GIH owns an equity of 41.76% in Afkar, according to a bourse disclosure on Monday.
The financial impact of this transaction will be a profit valued at nearly KWD 779,940 that will be registered in GIH’s income statements of the fourth quarter of 2018.
At the stock level, GIH closed Monday’s session 0.56% lower at 17.8 fils.
