Kuwait-Mubasher: Kuwait Finance and Investment (KFIC) will achieve a profit of about KWD 844,800 from liquidating Cayman Islands fund which is affiliated to the company.
The liquidation profits will be registered in the financial statement of the second quarter in 2016; earnings from accumulated foreign currency translation which will be through 2.7 fils per share, KFIC said in a statement issued Wednesday.
No financial impact will reflect on the overall shareholders’ equity of the parent company, the statement added.
