Mubasher: Al Enmaa Real Estate said that 2.31 million of GFH Financial Group’s shares were allocated to Al Enmaa, as part of an exchange offer in return for Al Enmaa’s ownership in a megaproject in Tangier, Morocco.

This exchange transaction will generate a profit of nearly KWD 258,900 which will be registered in Al Enmaa's financial statements of the fourth quarter this year, according to a bourse statement issued on Sunday.

At the stock level, Al Enmaa started Sunday’s session 1.2% higher at 42.6 fils by 9:21 am Kuwait time.