Mubasher: National International Holding sold a 16% stake in an associate for KWD 3.25 million ($10.74 million).
The company, which is listed on both Boursa Kuwait and the Dubai Financial Market (DFM), has received the first instalment of KWD 1.59 million, while the second instalment of KWD 1.66 million will be received on 12 September, according to a bourse statement issued on Tuesday.
National International realised a profit of KWD 53,000 which will be registered in the income statements of the third quarter this year.
The company’s stake in the unit declined to 24% from 40%.
