Mubasher: Kuwait Projects Holding (Kipco) announced that its subsidiary has purchased a property valued at KWD 90 million from the Gulf Bank of Kuwait (GBK).
The asset has a land space of 231,803 square metres, according to a bourse disclosure on Tuesday.
Kipco clarified that no financial impact will reflect on the consolidated income statements of the company.
At the stock level, Kipco closed Tuesday’s session 1.45% higher at 210 fils.
