Mubasher: Kuwait Investment Company has partially existed from an asset in the German city of Düsseldorf at EUR 11.55 million or KWD 3.82 million approximately.  

The remaining equity in the special purpose company will be reclassified to financial assets at fair value (FV) through the income statement, according to a filing on Wednesday.

It is noteworthy that in 2019, the company’s net profits leaped by 77.6% on an annual basis to KWD 17.50 million (approx. $57.7 million) from KWD 9.85 million (approx. $32.46 million).