Development Enterprises Holding Company (DEH), a subsidiary of Kuwait Finance House (KFH), and Gulf Construction House, a subsidiary of Gulf real estate Development House Company, have mutually agreed to terminate a preliminary agreement dated November 21, 2024.
According to a statement released to the Boursa Kuwait on Monday, this agreement pertains to the sale of KFH's equity stake of 54.844% in Energy Holding Company through an auction on the Kuwait Stock Exchange.
KFH noted in its statement that there is no impact on its financial position because of this material information.