IFA to sell 2.47m Kuwaiti dinars worth of shares

Abu Dhabi: International Financial Advisors (IFA) announced on Wednesday a deal to sell shares in local company at a price of 2.47 million Kuwaiti dinars.

In a statement released by IFA on the Dubai Financial Market website, the company said that the sale resulted in a profit of 1.86 million Kuwaiti dinars, which will be included in the profits for the third quarter of this year.

Share prices for the Kuwaiti company went up 1.03 per cent on Wednesday to reach Dh0.79.