|15 August, 2019

Kuwait PIFSS acquires indirect stake in Al Enmaa Real Estate

Kuwait Finance House (KFH) holds 55.67% indirect stake in Al Enmaa

Image used for illustrative purpose. Kuwaiti stock brokers look at a computer monitor as it displays falling stock prices in the Kuwait stock exchange .

Image used for illustrative purpose. Kuwaiti stock brokers look at a computer monitor as it displays falling stock prices in the Kuwait stock exchange .

REUTERS/Caren Firouz

Kuwait’s Public Institution for Social Security (PIFSS) has acquired a 5.13% indirect stake in Al Enmaa Real Estate (ERESCO), according to a bourse statement released on Thursday.

Al Enmaa’s capital amounted KWD 45.05 million distributed on 450.53 million shares.

Kuwait Finance House (KFH) holds 55.67% indirect stake in Al Enmaa.

Al Enmaa Real Estate achieved a surge of 147.7% in profits during the first six months that ended 30 April 2019 compared to the corresponding period a year ago, recording KWD 1.38 million.

Source: Mubasher

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