Kuwait – Mubasher: Kuwait Finance House (KFH) said it is in the final steps of signing a contract for selling KFH Capital Investment Co, the subsidiary of KFH, to a group of investors.
On 15 February, 2016, the bank has signed a memorandum of understanding (MoU) for the sale deal, according to a bourse statement issued on Wednesday.
It added that a full disclosure and the financial impact will be announced once the deal is sealed.
On the stock level, KFH ended Wednesday’s trading session lower by 1.92% to close at 510 fils, after 5.2 million shares were traded at a value of nearly KWD 2.7 million.
