Kuwait Finance House earns KD 25 million in deal
Kuwait - KUNA
Kuwait Finance House (BAITAK) has sold 16 plots of a space of 63,000 square meters in various regions of the country at a value of KD 84 million, as part of efforts to re-organize its reality portfolio and realize highest possible returns for investors and depositors. The house, in a press release, quoted the acting general manager, Anwar Bader Al-Ghaith, as saying profits of the deal, estimated at KD 25 million, would be included in the final financial statement for 2012. He clarified that the sale did not imply intention to get out of the market of good investments in reality, and that it was designed to bolster the investments with assets that would tangibly contribute to the earnings
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