KFH denies report on property sale

Kuwait – Mubasher: Kuwait Finance House (KFH) has denied the article published in a local news saying that the bank and Kuwait Investment Authority (KIA) are in the process of selling land plots which are 50-50 owned by the two entities.

The bank clarified that it has sold a number of land plots owned by KFH and other investors via real estate auctions, KFH said in a bourse statement issued on Monday, noting that this action was performed under the East Qurain portfolio.