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Kuwait
A subsidiary of Kuwait Financial Centre in the United States has signed an agreement to sell an investment property, according to a disclosure published on the Kuwait Stock Exchange on Monday.
The Center explained that the completion of the sale process remains conditional on the fulfillment of a set of conditions and procedures agreed upon between the parties concerned with the deal.
It is expected that the agreement will be reflected in the accounting classification of the property; the book value will be reclassified from the item of real estate investments to the item of assets held for sale during the fourth quarter of 2026.
Disclosure of the financial impact after the completion of the sale
The company confirmed that the final financial impact of the transaction on the consolidated financial statements will be disclosed after the final completion of the sale.
According to the latest data, the center recorded a profit of 32.12 thousand dinars during the first half of 2026, compared to about 6.41 million dinars during the same period of the previous year, a decline of 99.50%.
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