Kuwait – Mubasher: Salhia Real Estate has sold its entire shares in a company listed on the Saudi Stock Exchange (Tadawul).

The exit value stands at KWD 2.57 million ($8.4 million), Salhia said in a bourse statement issued on Tuesday, adding that a profit worth KWD 1.35 million ($4.4 million) was generated from this exit deal.

The realized profit will be registered in the consolidated financial statements for the fourth quarter this year.

Salhia has not disclosed the name of the company listed on Tadawul, the statement noted.

On the stock level, Salhia fell by 1.32% to end Tuesday’s session at 375 fils.