Mubasher: Danah Al Safat Foodstuff announced its board members’ approval of an offer proposed by Overland Real Estate Co. to purchase Danah’s entire stake in Amaken United Real Estate.

The offer includes buying 8.534 million of Danah’s equity in Amaken for a total value of KWD 2.4 million, according to a bourse statement on Monday.

Danah Al Safat expected realising a profit of KWD 458,000 from selling this stake, the final financial impact will be disclosed later.