One of Kuwait Financial Centre's (Markaz) subsidiaries in the United States has completed the sale of an investment property, after the conditions and procedures previously agreed between the parties to the sale were fulfilled, according to the company's disclosure to Boursa Kuwait dated 9 November 2026.
The sale affects the company's consolidated financial statements by increasing net profit by KD 7.4 million, of which KD 4 million is attributable to Markaz shareholders, and by reducing liabilities by KD 10.4 million through the repayment of one of the outstanding loans.
In an earlier disclosure dated 12 October 2026, the company said its subsidiary had signed, on 11 October 2026, an agreement to sell the property, with completion subject to certain agreed conditions and procedures. It said at the time that the property's book value would be reclassified from investment properties to assets held for sale during the fourth quarter of 2026, and that it would disclose the sale's impact on the consolidated financial statements upon completion.
The disclosure was signed by Hatem Abouelfetouh, Senior Vice President.
