Kuwait’s Securities House Company sells 80 percent stake in US medical firm
Kuwait’s Securities House Company has sold 80 percent of its investments in US-based Medifax for 2.1 million Kuwaiti dinars ($7.1 million), according to the Kuwait Stock Exchange. The company realized a profit of KD 946,000 from the transaction.
Established in 1982, the Securities House Company principal activities include trading in securities, investment in real estate and consumer finance. The closed joint stock company is also active in portfolio management, underwriting and lending in syndicated loans. — (menareport.com)
© 2003 Mena Report (www.menareport.com)