Al Imtiaz Investment Group said Thursday it divested an investment available-for-sale worth KWD 225,000, in US Senior Living Yielding IV, through its portfolio run by Bahrain’s bank Arcapita.

According to a filing to the Kuwaiti bourse, this sale is expected to generate net profits of around KWD 225,000 which will be reflected in its financial statements for the second quarter of 2015.

Al Imtiaz turned to profitability in the first quarter of 2015, achieving net profits of KWD 4.11 million against KWD 3.99 million in losses for the same period of the previous year.