Aayan Leasing receives full deal value of investments in Oman

Mubasher: Aayan Leasing and Investment announced it has received the entire value of selling investments in Oman as disclosed on Sunday.

Aayan Leasing’s direct share in this exit transaction stands at KWD 2.9 million, while it will register about KWD 1 million from profits, according to a bourse statement on Monday.

It added that the direct and indirect share in earnings will be KWD 1.2 million.

Aayan Leasing clarified that the financial impact will be registered in the income statements of the third quarter of 2018.

On Sunday, Aayan Leasing said it made an agreement with Mubarrad to sell their stakes in three Omani companies at a total value of KWD 3.9 million ($12.9 million).

Earlier on Monday, Aayan announced a decline of 95.1% in profits to about KWD 227,280 during the first half of 2018 compared to KWD 4.67 million in the same half last year.

Mubasher Contribution Time: 13-Aug-2018 11:44 (GMT)
Mubasher Last Update Time: 13-Aug-2018 12:17 (GMT)