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Energy House inks deal to exit stake in unit

Energy House inks deal to exit stake in unit
The exit deal has a value of KWD 2.6 million
ENERGYH
ENERGYH`R
-13.45% 238.00 -37.00

Kuwait – Mubasher: Energy House Holding has signed an agreement to sell its 90% stake in a subsidiary.

The exit deal has a value of KWD 2.6 million, according to a bourse filing issued on Monday.

The financial impact from this exit will be a loss, which will be determined later after setting the book value. This impact will be registered in Energy House’s financial statements for the second quarter.