Subsidiary signs agreement to sell investment property
A subsidiary of the Kuwait Financial Centre has signed an agreement to sell an investment property in the United States.
Translated by Qiyas from النهار — Original source
The Kuwait Finance House (KFH) announced that its U.S. subsidiary has signed an agreement to sell an investment property, noting that the sale is subject to certain conditions and procedures agreed upon by the relevant parties. In a disclosure to the Kuwait Stock Exchange, KFH stated that the financial impact of the transaction involves reclassifying the property’s book value from the real estate investments line item to the assets held for sale line item during the fourth quarter of 2026. The company emphasized that the impact of the sale on the consolidated financial statements will be disclosed upon completion of the transaction.
