Noor Financial receives KWD 1.8m from investment in India

Mubasher: Noor Financial Investment announced that it has received KWD 1.83 million ($6.11 million) from its investment in India.

Noor noted that India Infrastructure Fund, in which Noor and its subsidiaries own an equity, has distributed the result of exiting a business, according to a bourse statement on Tuesday.

The financial impact of this exit will reflect on Noor’s income statements for the first quarter of 2018 with a profit of KWD 870,000.

At the stock level, Noor closed Tuesday’s session 4% higher at 46.8 fils.

Mubasher Contribution Time: 17-Apr-2018 13:25 (GMT)
Mubasher Last Update Time: 17-Apr-2018 13:25 (GMT)

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