Monday, Sep 25, 2006
DUBAI (Zawya Dow Jones)--Kuwait's Al Safat Investment Co. said Monday it has realized a profit of 2.5 million Kuwaiti dinars ($8.6 million), equivalent to 12 Kuwaiti fills a share, from selling part of its stake in the Kuwait Medical Center Holding Co.
Al Safat said in a statement on the Kuwait Stock Exchange it has sold the stake for KWD7.75 million. Al Safat still owns 17% of KMCH.
The realized profit will be reflected in Al Safat's third-quarter financial statements, the company said.
-By Mirna Sleiman, Dow Jones Newswires; 971 4 2235676; mirna.sleiman@dowjones.com
(END) Dow Jones Newswires
09-25-06 0553ET
Copyright Zawya Dow Jones Newswires 2006
