supplementary disclosure form with the required details.
Sincerely,
ت
،،،ما�ﺣﻻا ﻖﺋﺎﻓ لﻮﺒﻘب اﻮﻠﻀﻔﺗو
________________________________________
Hatem Abouelfetouh
ح�ﺘﻔﻟا ﻮﺑا ﻢﺗﺎﺣ
Senior Vice President
ﺲ�ﺋر لوأ ﺐﺋﺎﻧ
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 regarding US
based consolidated subsidiary.
Date of Previous Disclosure
30 July 2023
A subsidiary has signed a preliminary sale contract with a potential buyer for
an investment property with a carrying value amounting to USD 60 Million
Developments that occurred to
(equivalent to KD 18 million). The finalization of this sale transaction is
the disclosure
subject to the completion of the related procedures agreed upon by the
parties involved.
The financial effect of the
The financial impact will be disclosed upon the completion of the sale
transaction.
occurring developments (if any)
__________________________
Hatem Abouelfetouh
Senior 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 03 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 September 2023 06:11:09 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.
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