Mubasher: Unicap Investment and Finance (UNICAP) on Sunday announced that its subsidiary, Iskan, has signed an agreement to sell a real estate located in Abdulla Al-Salem district.
The Kuwaiti firm will sell the property for KWD 825,000 ($2.73 million), with total profits of KWD 410,786, according to a filing to Boursa Kuwait.
The profits will be added to the firm’s financial results for the fourth quarter of 2018.
For the first half of 2018, UNICAP’s profits surged 192.3% to KWD 3.04 million, compared to KWD 1.04 million in H1-17.
