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Al Enmaa makes $4.3m commission from KFH auction

Al Enmaa makes $4.3m commission from KFH auction
KFH
KFH
0.00% 731.00 0.00
ERESCO
ERESCO
1.54% 52.80 0.80
Kuwait’s AL Enmaa Real Estate, 55.92%-owned by Kuwait Finance House -KFH, said it has received an amount of around KWD1.26 million ($4.3 million) as commission for handling the arrangement of KFH latest property auction.

The company noted, in a bourse statement that, such amount will be reflected at the financial statements for the first quarter of 2014.

Earlier , Enmaa stated ,in exclusive statement to Mubasher ,that it expects to achieve rate of return of around 1% from the sales transaction final value.