Mubasher: National Consumer Holding has sold its share in an investment by its subsidiaries in the UAE Rocmet Corporation and Special Steel.
The sale value stands at about KWD 552,950 ($1.85 million), according to a bourse statement on Sunday.
Selling the Kuwaiti company’s share in this UAE investment followed the board’s approval for the price proposed by the purchaser Rajiv Nayan.
A profit worth nearly KWD 2,630 is expected to be realised from this deal, the statement added.
