Mubasher: Osoul Investment has signed a preliminary contract to sell a residential unit in the US at a value of $5 million (KWD 1.52 million), according to a bourse disclosure on Tuesday.

Signing the agreement was executed through the subsidiary in the US, Osoul Holding DE II.

Once the final agreement is sealed, Osoul is expected to realise an estimated profit of nearly KWD 35,400 which will be registered in the income statements of the fourth quarter of 2018.