United Foodstuff waives beneficiary right of property

Kuwait-Mubasher: United Foodstuff Industries Group (UFIG) has given up its beneficiary right for using an industrial voucher for 1000 square meters in Sabhan Industrial Area, with a book value worth about KWD 108,630.

According to a bourse statement, the move will be in return for a cash of about KWD 400,000.

The deal’s financial impact will reflect on the company’s financial statements in the fourth quarter of 2015.
 

 

Mubasher Contribution Time: 30-Nov-2015 12:14 (GMT)