Gulf Investment House Company announced in a disclosure to the Boursa Kuwait that its subsidiary, Gulf Real Estate Development House Company, sold 2,000,000 shares of its stake in a listed company, equivalent to 0.65% of its capital, at a value of 259,405 KWD, through a deal agreed upon with the Kuwait Stock Exchange.
Regarding the impact of this transaction, the company stated that a profit of 24,799 KWD will be included in the financial statements for the fourth quarter of 2024.