Mubasher: IFA Hotels and Resorts has sold a subsidiary in consideration of KWD 1.577 million ($5.139 million), according to a bourse statement.
The deal is expected to generate KWD 782.770 profit the financial impact of which will appear in the third quarter of 2019.
IFA Hotels turned to profit during the second quarter of 2019, recording KWD 748,880 ($2.47 million) in profit.
