Kuwait – Mubasher: Salhia Real Estate said that it sold, through its 50%-owned subsidiary Key Property Investments, a property in the UK for £24.5 million or KWD 9.12 million.
Salhia said that its share from the sale deal stands at KWD 1.71 million or £4.54 million, according to a bourse statement issued on Wednesday.
The profit from this deal will be registered in the financial statements of the first quarter.
On the stock level, Salhia ended Wednesday’s trading session higher with 6.76% to 395 fils, after about 177,500 shares were traded at a value of KWD 66,000.
