Mubasher: Bahrain-based Inovest on Sunday announced that it had sold its entire stake in a real estate investment in Saudi Arabia.
This exit deal led to generating a profit of $4.6 million that will be included in the company’s financial results for the second quarter of 2018.
The Sharia-compliant investment company, which is a dual-listed on Boursa Kuwait and Bahrain Bourse, last reported a 64.6% profit decrease to $2.9 million in the first three months of 2018, compared to $8.2 million in the corresponding period a year earlier.
Source: Mubasher
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