Disclosure of material information
13 August 2017
Gulf North Africa Holding Company has received a final offer to exit from the Morocco Gateway project by GFH Financial Group at a cost plus a margin of 10% (US $ 2,200,000) compared to equivalent shares in GFH Financial Group of US $ 0.95 per share (Equivalent to 0.29 Kuwaiti Dinars). The two parties have agreed to receive GFH shares and exit from the Morocco Gateway project during the current month.
Resulting in a profit of KD 553,041.