Kuwait – Mubasher: Kuwait Finance House (KFH) said that it has signed a contract for selling its subsidiary, KFH Capital Investment Co.
The sale deal is worth KWD 18.72 million, covering 150 million shares which were sold to a number of investors, according to a bourse statement issued on Sunday.
This sale deal’s financial impact will reflect on the fourth-quarter consolidated financial statements of the bank, it added.
By 12am Kuwait time, KFH stock reached 510 fils on Sunday, after about 816,400 shares were traded at a value of nearly KWD 416,700.
