Kuwait Projects Company (Holding) K.S.C.P "KIPCO" announced, in a statement issued to Boursa Kuwait, that its subsidiary, Kuwait National Industrial Projects Company K.S.C.C., sold 190 million shares of the capital of Qurain Petrochemical Industries Company. K.S.C.C. (an associate of KIPCO) to Al-Fotouh Holding Company K.S.C.C for KWD 77.14 million, noting that KIPCO is classified as an associate of Al- Fotouh Holding Company K.S.C.C. As for the financial impact of this transaction, the Company revealed that it has achieved a loss of approximately KWD 12.8 million which will be recorded in the fourth quarter of the financial year ending 31 December 2022.