Mubasher: Danah Al Safat Foodstuff announced that it has received the last instalment from selling its stake in F&B Venture Holding – Lebanon.
This instalment is worth $3.323 million or about KWD 994,730, according to a bourse statement on Sunday.
The financial impact will be registering KWD 1.36 million expenses in the income statements for fiscal year 2017.
In mid-October, Danah Al Safat has transferred its stake in F&B Venture to Al Miqat Incorporation.
At the stock level, Danah Al Safat closed Sunday’s session 1.21% lower at 73.6 fils.