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IFA’s subsidiary seals $12m deal

IFA’s subsidiary seals $12m deal
This transaction has no impact on the income statements of IFA
IFA
IFA`R
-9.00% 435.00 -43.00
IFAHR
IFAHR`R
-35.68% 939.00 -521.00

Mubasher: International Financial Advisors (IFA) announced that IFA Hotels and Resorts – Dubai has completed a purchasing transaction of a property valued at KWD 3.62 million ($12 million).

This transaction has no impact on the income statements of IFA in the current time, according to a bourse statement on Monday.

At the stock level, IFA closed Monday’s session 2% lower at 100 fils.