Kuwait – Mubasher: KAMCO Investment said that a profit worth about $1 million will be realized from the sale deal of General Electric’s (GE) building, according to a bourse statement issued on Thursday.
The company has sold 98.92% of its stake in the international operating building of GE, KAMCO said in a bourse statement issued on Wednesday.
The profit resulted from the difference between the sale value which reached $113 million and the cost of acquisition which stood at $112 million.
On the stock level, KAMCO ended Thursday’s session higher with 2.11% to reach 97 fils.
