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KFH to exit Arkan Al Kuwait Real Estate

KFH to exit Arkan Al Kuwait Real Estate
Photo Credit: Arabianeye-Reuters
KFH
KFH`R
10.90% 814.00 80.00
ARKAN
ARKAN`R
200.51% 293.00 195.50

Kuwait Finance House (KFH) said Wednesday it intends to divest its whole stake of 10% in Arkan Al Kuwait Real Estate.

KFH's representative in Arkan's board of directors submitted his resignation last April, said a bourse filling.

Arkan’s net profits surged 167%to KWD 3.79 million in the six month period ended April 2015, up from KWD 1.42 million for the same period of the previous year.