Mubasher: United Building Co, a subsidiary of United Real Estate, sealed a deal for acquiring 39.17% of Inshaa Holding’s capital at a total value of KWD 5.12 million.
The assets and liabilities of United Real Estate will be determined based on the final value of the takeover deal; the purchase value has changed to KWD 5.12 million from KWD 5.38 million when the deal was signed, according to a bourse filing issued on Tuesday.
In a previous disclosure to Boursa Kuwait, United Real Estate said that the company’s share from Inshaa Holding’s income statements will be registered starting from fiscal year 2017/20108.
