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3.00
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Gulf North Africa Holding - GNAHC stated that its 99% - owned subsidiary Alganzor for General Trading has sold residential units worth of KWD697.44 thousands ($2.4 million) in Turkey.
The sales transaction is expected to generate earnings of around KWD93.46 thousands ($321.62 thousands) , said the company in a bourse filling.
The earnings are to be reflected in Q4/FY14 financial figures, added the statement.
In related development, Alganzor has also bought property units at Emporia Residence project in Turkey in return for KWD698.6 thousands ($2.4 million).
GNAHC operates within the diversified financial sector focusing on multi-sector holdings. It has 8 subsidiaries operating across Northern Africa and Middle East. GNAHC is based in Kuwait City, Kuwait and was established in December 2005.
The sales transaction is expected to generate earnings of around KWD93.46 thousands ($321.62 thousands) , said the company in a bourse filling.
The earnings are to be reflected in Q4/FY14 financial figures, added the statement.
In related development, Alganzor has also bought property units at Emporia Residence project in Turkey in return for KWD698.6 thousands ($2.4 million).
GNAHC operates within the diversified financial sector focusing on multi-sector holdings. It has 8 subsidiaries operating across Northern Africa and Middle East. GNAHC is based in Kuwait City, Kuwait and was established in December 2005.
Source:
Mubasher