Injazzat announces the acquisition of a subsidiary

18 Apr 2018

Injazzat Real Estate Development Company announces that it has signed a contract for the purchase of the shares of a subsidiary owned by 70% with a value of KD 2.4 million to be owned by 99.75%. The profit from the transaction will result in KD 340 thousand and is expected to positively affect the financial performance and financial position of the company. Will appear in the results of the financial statements for the second quarter as of June 30, 2018 for the company.