Kuwait - Aayan Leasing and Investment on Sunday announced that its company’s wholly-owned subsidiary Tawazun Holding has sold five properties in Ardiya Herafi region for KWD 4.98 million.

Accordingly, Aayan Leasing has generated a profit of KWD 271,000 from selling these properties, according to the company’s filing to Boursa Kuwait.

The financial Impact of these transactions will be reflected in Aayan’s financial results for the third quarter of 2019.

In May, Aayan Leasing said it had turned to losses during Q1-19, incurring a loss of KWD 3.06 million, against logging KWD 481,080 in profits in Q1-18.

 

Source: Mubasher

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