Mubasher: A well-informed source revealed that Kuwait Finance House (KFH) has received an offer to purchase its 55.6% stake in Al Enmaa Real Estate; however, KFH has not yet taken a decision regarding the proposed offers, according to Al Qabas newspaper.

KFH intends to sell its stake in Al Enmaa, applying its strategy which focuses on exiting some of the bank’s investment assets before June 2018, Al Qabas added.

Until the first half of 2017, the total exit operations executed by KFH, whether in the real estate sector or the non-real estate segment, stood at KWD 46 million, the newspaper clarified.

In addition, KFH has received another offer from an investment group to purchase its stake in the Gulf Investment House (GIH), besides the offer proposed by a Kuwaiti businessman, the source told Al Qabas.

Al Qabas reported that KFH is currently comparing between the proposed offers to choose the best one.