Note: This is a translation for ease of reference only. The binding text is the Arabic text. In case of any difference between the Arabic and the English texts, the Arabic will prevail.
Supplementary Disclosure from Kuwait Financial Centre K.P.S.C
Disclosure Title
regarding sale of an investment property in Kingdom of Saudi Arabia
Date of Previous Disclosure
27 July 2023
Developments that occurred
Kuwait Financial Center K.S.P.C. is pleased to announce that its KSA
based subsidiary has completed the sale transaction of its investment
to
property for SAR 160 million (equivalent to KD 13 million)
the disclosure
approximately.
The sale of the investment property results in a realized gain of
The financial effect of the
approximately SAR 46 million (equivalent to KD 3.8 million) of which
approximately SAR 27 million (equivalent to KD 2.2 million) is net
occurring developments (if
profit attributable to the company's shareholders.
any)
The impact from the sale transaction will be reflected on the financial
results of Q3 2023.
__________________________
Alexander Salamoun
Executive Vice President
Note: This is a translation for ease of reference only. The binding text is the Arabic text. In case of any difference between the Arabic and the English texts, the Arabic will prevail.
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MARKAZ - Kuwait Financial Centre KPSC published this content on 07 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 05:59:08 UTC.
Kuwait Financial Centre KPSC is a Kuwait-based asset management and investment banking company in the Middle East/North Africa (MENA) region. The Company provides several products and services including asset management, investment banking, real estate investment, wealth management and research. Its asset management services include diverse proprietary as well as customized investment solutions across mutual funds and specific portfolio management. The Company offers investment banking solutions across equity capital markets and debt capital markets, listings, capital structure advisory, restructuring, mergers and acquisitions advisory, among others. Its real estate investment portfolios focus on assets across residential, commercial, and industrial segments. It has a database of regional businesses for its clients looking for tailored research. Its equity, fixed income and real estate funds include Markaz Real Estate Fund, Markaz Mumtaz Fund, Forsa Financial Fund, among others.
KUWAIT FINANCIAL CENTRE - KPSC 
