Injazat acquires shares in an associate company

22 Nov 2017

Injazzat Real Estate Development Company has signed an acquisition contract worth KD 3,088,400 which equates to 35% of the shares of an associate company (Kuwaiti Closed) Increasing Injazzat shares in the subsidiary company to 70%. The profit from the transaction will result in KD 260,000 and is expected to have a positive impact on the financial performance and financial position that will be reflected in the financial statements for the year ended 31 December 2017.