Kuwait-Mubasher: IFA Yotel Investments, a subsidiary of IFA Hotels and Resorts, has sold 50% of its 100% stake in Totel Investments Ltd, according to a recent statement.
A profit worth KWD 6.56 million resulted from the sale deal, IFA said, noting that it will be registered in the company’s Q4-15 financials.
IFA Hotels stock was last traded on Sunday when it gained 6% to close at 190 fils.
