Injazzat’s stake in the subsidiary will become 99.75%
Injazzat
INJAZZAT`R
INJAZZAT`R
Mubasher: Injazzat Real Estate Development has signed a contract to purchase shares in a 70%-owned subsidiary.
The deal value totals KWD 2.4 million, according to a bourse statement on Wednesday.
Following this deal, Injazzat’s stake in the subsidiary will become 99.75%.
A financial impact worth KWD 340,000 profit will reflect on the company’s income statements for the second quarter that will end on 30 June 2018.
Source:
Mubasher
