Mubasher: Burgan Bank on Sunday announced that it has sold its headquarters building, located in Burgan Tower Al Sharq, to the United Investment Group (UIG).
The deal is valued at KWD 19.45 million, according to a bourse filing on Sunday.
The transaction will not have any material impact on the bank’s financial position in the present time.
Noteworthy to highlight, during the first nine months of 2019, Burgan Bank’s profit slipped by 4.9% to stand at KWD 67.45 million from KWD 70.96 million in the year-ago period.
