Mubasher: International Financial Advisors (IFA) said that its subsidiary has started negotiations to modify articles in operating hotels in order to achieve an estimated revenue of KWD 3.2 million, according to a bourse statement issued on Thursday.

IFA, which is listed on both Boursa Kuwait and Dubai Financial Market, said that the financial impact will be registered in the company’s modified income statements of the fourth quarter.

At the stock level, IFA ended Thursday’s session lower with 1% to 46 fils.