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Osoul to get profit from Osos capital reduction

Osoul to get profit from Osos capital reduction
The financial impact will be registered in Osoul’s Q4 (Photo Credit: Arabianeye-Reuters)
OSOUL
OSOUL
2.40% 76.80 1.80
OSOS
OSOS
5.38% 84.20 4.30

Kuwait – Mubasher: Osoul Investment would generate a profit of KWD 525,000 once Osos holding completes the procedures of capital decrease and receiving the value of the cancelled shares.

The financial impact will be registered in Osoul’s financial statements of the fourth quarter this year, according to a bourse issued Wednesday.

Osoul clarified that it owns 52.68 million of the issued shares of Osos.