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KFH exits unit for KWD 5.6m

KFH exits unit for KWD 5.6m
KFH headquarter (Photo Credit: Bank Website)
KFH
KFH`R
5.72% 776.00 42.00

Kuwait – Mubasher: Kuwait Finance House (KFH) has signed a deal on Thursday to sell its 80%-stake in Public Services Co for KWD 5.6 million ($18.35 million), according to a statement.

The deal’s impact will be reflected in the consolidated financials for the first quarter of 2017.

The statement did not disclose any details about the buyer.