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Osoul Investment’s unit to sell KWD 3.5m property assets

Osoul Investment’s unit to sell KWD 3.5m property assets
The buyer paid KWD 350,000 as a down payment to Osoul House
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Mubasher: Osoul Investment Company has said that its 99% subsidiary, Osoul House Real Estate, signed a contract to sell two properties in Salmiya region with a combined value of KWD 3.5 million.

The buyer paid KWD 350,000 as a down payment to Osoul House, according to a statement to Boursa Kuwait on Monday.

The deal will be completed after finishing regulatory procedures and registry in the Ministry of Justice.

Upon completion, Osoul Investment will post a net profit of KWD 290,000 from the deal, which will be listed on its results of the third quarter of 2019.