Kuwait Financial Centre KpscKSE: MARKAZ

Kuwait Financial Centre Says US Based Subsidiary Signs Agreement To Sell Investment Property

· Issued by Kuwait Financial Centre Kpsc

KUWAIT FINANCIAL CENTRE KPSC KSE:MARKAZ:

  • US BASED SUBSIDIARY SIGNS AGREEMENT TO SELL AN INVESTMENT PROPERTY

  • DEAL WILL RECLASSIFY PROPERTY FROM INVESTMENT PROPERTIES TO HELD-FOR-SALE ASSETS

  • RECLASSIFICATION OF CARRYING AMOUNT APPROX $30.2 MILLION