Kuwait – Mubasher: Kuwait Finance House (KFH) said on Tuesday that its board agreed on selling a 53% stake in Aref Investment Group.
The approval for selling KFH’s stake in Aref was due to displaying the company’s assets and liabilities as articles available for sale at a value of KWD 356 million and KWD 174 million respectively, according to a bourse statement.
KFH’s gross operating revenues registered on 30 June, 2016 decreased to KWD 322 million from KWD 325 million, while net operating revenues grew to KWD 166 million from KWD 159 million.
