Mubasher: National Industries Group Holding said that the company intends to sell a 24% stake in an investment.
The company, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), is still in negotiations with the other partners to reach a final agreement with the purchaser, according to a bourse statement issued on Wednesday.
According to the statements available to Mubasher, this investment is likely to be the Airport International Group (AIG) in Jordan, which is owned by Noor Financial Investment.
National Industries clarified that no financial impact will reflect on the company’s position until a final agreement is sealed.
It is noteworthy that the Kuwaiti company achieved a profit of KWD 5.23 million in the first half of 2017 against a loss of KWD 4.36 million in the same half last year.
