Mubasher: Gulf Franchising Holding has completed a deal for selling the entire shares of Al Nawadi Holding Co., which is owned by Gulf Franchising and among the financial assets at fair value through profits and losses.
The company clarified that the sale deal will generate cash liquidity at a value of about KWD 110,060 in Gulf Franchising’s financial center.
Selling Gulf’s equity in Al Nawadi resulted in registering a realised profit of around KWD 5,421.
The financial impact of this transaction will reflect in the company’s fourth quarter financials of 2018.
