Kuwait-Mubasher: The Securities House has transferred 9.7% of its stake in Gatehouse Capital – Kuwait as part of a debt settlement deal, the company said in a bourse statement.
The Securities House’s stake in Gatehouse Capital became 30.8% after this transaction.
A profit worth KWD 1 million or 1.4 fils a share resulted from the transfer, the company said. The profit will be registered in the year-end 2015 financials.
The Kuwaiti company has recently sold certain assets to a creditor in order to reach a KWD 23.2 million Murabaha settlement.
