Inovest exits stake in Gulf Biotech Company

Mubasher: Inovest has sold its entire 5% stake in the Bahrain-based Gulf Biotech Company for $500,000 (KWD 153,000).

The sale deal will generate a profit worth $500,000 (KWD 153,000) which will be included in the financial statements of the first quarter of 2017, according to a bourse filing issued on Thursday.

 

Mubasher Contribution Time: 09-Feb-2017 06:40 (GMT)
Mubasher Last Update Time: 09-Feb-2017 06:40 (GMT)