Mubasher: Kuwait Financial House (KFH) has achieved a profit of KWD 3.48 million from selling four properties owned by the bank.

The assets were sold during an auction organised by KFH’s subsidiary Al Enmaa Real Estate.

KFH noted that the realised profit will be registered in the income statements of the second quarter of 2019.

During the first quarter this year, KFH achieved an increase of 17.4% in profits to KWD 51.6 million from KWD 43.97 million in FY18.