Mubasher: Osos Holding Group Co said that a subsidiary has completed the procedures required for purchasing two investment buildings.

The financial impact from sealing this deal will be collecting the rental amount starting from April 2017, with the impact registered in the financial statements of the second quarter this year, according to a bourse statement issued on Thursday.

Early March, the company announced that its subsidiary signed two primary contracts for purchasing buildings worth KWD 3.9 million.

Osos noted that the investment real estate article will realise an increase of KWD 3.9 million against a decrease in the available liquidity.

At the stock level, Osos closed Thursday’s session at 134 fils.