This exchange transaction will generate a profit of nearly KWD 258,900
GFH
GFH
-0.79%
1.26
-0.01
GFH
ERESCO
ERESCO
0.00%
59.00
0.00
ERESCO
Mubasher: Al Enmaa Real Estate said that 2.31 million of GFH Financial Group’s shares were allocated to Al Enmaa, as part of an exchange offer in return for Al Enmaa’s ownership in a megaproject in Tangier, Morocco.
This exchange transaction will generate a profit of nearly KWD 258,900 which will be registered in Al Enmaa's financial statements of the fourth quarter this year, according to a bourse statement issued on Sunday.
At the stock level, Al Enmaa started Sunday’s session 1.2% higher at 42.6 fils by 9:21 am Kuwait time.
Source:
Mubasher