Kuwait – Mubasher: Credit Rating & Collection (Tahssilat) divested its 1.75 million shares in Rasameel Structured Finance Company at 90 fils each, totalling KWD 157,500, according to a filing to the stock market on Thursday.

The company added that the divestiture will generate around KWD 95,020 profits which will be recorded in the balance sheet for the third quarter of this year.

Tahssilat earlier logged KWD 285,400 ($939,600) losses for the first half of 2015, a surge of 112% compared with the losses seen in the year-earlier period.