Mazaya to sell KD2.48m in shares

Abu Dhabi: Al Mazaya Holding said on Sunday it has entered into a contract with a person for the sale of shares held in a non-listed Kuwaiti company, with a sale value amounting to 2.48 million Kuwaiti dinars.

The statement, which was issued on the Dubai Financial Market, said the transaction will result in profit amounting to 633,718 Kuwaiti dinars, which will be included in the financial information for the period ended in June 30, 2016.