Mubasher: Aayan Leasing and Investment said that its subsidiary has sold a property valued at KWD 1.65 million ($5.44 million).

The 57.78%-owned subsidiary is the Boursa Kuwait-listed Aayan Real Estate, according to a bourse disclosure on Thursday.

Aayan Leasing said that an income valued at KWD 168,000 will be realised from selling this asset, while the financial impact will be registered in the income statements of the first quarter of 2018.