KFIC sells 13.3mln shares in Mena Real Estate

Kuwait Finance and Investment (KFIC) has sold 13.26mln of its shares in Mena Real Estate.

  
Investor watches computer screen on trading floor of Kuwait Stock Exchange

Investor watches computer screen on trading floor of Kuwait Stock Exchange

REUTERS/Stephanie McGeHee
 
Mubasher: Kuwait Finance and Investment (KFIC) has sold 13.26 million of its shares in Mena Real Estate. The deal was concluded on Tuesday, 31 December 2019, Mena Real Estate said in a bourse statement on Sunday.

In November, the target of KFIC’s ownership in Mena Real Estate was changed to a short-term investment.

It is worthy to note that during the six months ended September 2019, Mena Real Estate incurred losses worth about KWD 115,380 that were 61% down from about KWD 294,480 a year earlier.

Source: Mubasher

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