Mubasher: Livestock Transport and Trading has waived the industrial usufruct right of a property, following the approval of the Public Authority for Industry.
The contract is worth KWD 1.22 million ($4 million), according to a bourse statement issued on Tuesday.
Waiving the usufruct right will generate a profit of KWD 1.14 million that will be registered in the company’s financial statements of the first quarter this year.
