Mubasher: Osoul Investment Company has said that its 99% subsidiary, Osoul House Real Estate, signed a contract to sell two properties in Salmiya region with a combined value of KWD 3.5 million.
The buyer paid KWD 350,000 as a down payment to Osoul House, according to a statement to Boursa Kuwait on Monday.
The deal will be completed after finishing regulatory procedures and registry in the Ministry of Justice.
Upon completion, Osoul Investment will post a net profit of KWD 290,000 from the deal, which will be listed on its results of the third quarter of 2019.
