Mubasher: National Investments Co has received a letter from the committee of liquidating Gulf Investment in Bahrain saying that an amount of KWD 1.1 million ($3.7 million) has been collected in favor of the liquidation process, according to a statement on Tuesday.
The committee’s letter expected that the liquidation value will be completely repaid to National Investments before the end of 2018.
National Investments clarified that the financial impact from liquidating the Bahraini firm will be a profit worth KWD 1.1 million which will be registered in income statements of the period ending on 31 December 2017.
