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National International Holding's unit sells property for KWD 2m

National International Holding's unit sells property for KWD 2m
The Company has achieved profits of KWD 150,000 from the transaction
NIH
NIH
-1.96% 150.00 -3.00

Mubasher: One of the wholly-owned subsidiaries of National International Holding Company has completed a real estate sale transaction at a total value of KWD 2.25 million ($7.4 million).

The property was among the investment properties owned by the company in Kuwait, according to the company's disclosure to Boursa Kuwait on Thursday.

Following the completion of the transaction, National International Holding Company has achieved profits of KWD 150,000, which will be registered in its financial results in December 2020.

It is noteworthy to mention that in the first nine months of 2020, the company incurred net losses of KWD 1.22 million, against net profits of KWD 1.36 million in the same period of 2019.