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Mubarrad ends deal on industrial plot in Shuwaikh

Mubarrad ends deal on industrial plot in Shuwaikh
The financial impact of ending this deal will be registered in Q3
MUBARRAD
MUBARRAD
1.37% 88.50 1.20

Mubasher: Mubarrad Holding Co has terminated the deal between the company and investors of the industrial plot in the third Shuwaikh area.

Mubarrad has ended the agreement in return for repaying KWD 2.75 million for executing development works, according to a bourse statement on Tuesday.

The financial impact of ending this deal will be registered in the income statements of the third quarter of fiscal year 2018.