Kuwait Finance House (KFH) stated in a disclosure on the Boursa Kuwait that the OTC 788 Development Projects Holding Company, which is part of the group, has mutually agreed with Gulf Construction House, a subsidiary of the Gulf Investment House, to terminate the preliminary agreement regarding the sale of KFH's stake in Energy House Holding, which amounts to 54.8%.
In another disclosure, the bank announced its intention to reduce its ownership of Energy House Holding to below 30%, as the group's interest in the company has shifted from a long-term investment to an exit from the investment.