Gulf North Africa’s unit sells KWD 1m asset

Mubasher: Gulf North Africa Holding announced that a fully-owned subsidiary has sold a property in Hawally area in Kuwait at a total value of KWD 1.37 million.

This transaction, dated on 18 December, has resulted in a loss of KWD 380,000 that will be registered in the income statements of fiscal year 2018, the Boursa Kuwait-listed company added on Tuesday.

At the stock level, Gulf North Africa closed Tuesday’s session 1.45% higher at 49 fils.

Mubasher Contribution Time: 25-Dec-2018 13:21 (GMT)
Mubasher Last Update Time: 25-Dec-2018 13:21 (GMT)