Mubasher: Gulf Investment House (GIH) announced it has signed an asset swap agreement with Gulf North Africa Holding, according to a bourse disclosure on Monday.

GIH will exit its one-million share equity in return for acquiring Gulf North Africa’s nearly 362,150 shares stake in QInvest.

The Kuwaiti company further added that the financial impact which stands at around KWD 54,200 will be registered in the income statements of the fourth quarter this year.