Mubasher: Inovest has fully exited an investment in the real estate sector in Oman for a total of $3.2 million.
Inovest, which is listed on both Boursa Kuwait and Bahrain Bourse (BHB) noted that this exit will reflect positively on the income statements of the fourth quarter of fiscal year 2017, according to a bourse filing issued on Monday.
It is worth noting that Inovest posted a decline of 58.9% in profits to $1.6 million in the third quarter of 2017 compared to $3.89 million in Q3-16.
