Unicap Investment Company announced in a statement issued to Boursa Kuwait that its subsidiary, Iskan General Trading and Contracting Company, has purchased fixed-income bonds from Iskan International Real Estate Development Company - under liquidation (an associate) at KWD 550,000.
The Company pointed out that this transaction will result in a profit of KWD 137,500 at Group-level, and the financial impact will be recorded in the quarterly interim financial statements for the financial period ending 28 February 2023.