Kuwait’s Aman exits $10.4m investment

June 16, 2015 6:50 AM

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Kuwait’s Aman exits $10.4m investment

Al-Aman Investment Company exited an available-for-sale investment worth KWD 3.1 million ($10.4 million) in US Senior Living Yielding IV, through its portfolio ran by Arcapita, a global investment management firm, according to a filing to the Kuwaiti bourse on Tuesday.

Al-Aman’s clarified in its Tueday’s statement that the deal is expected to generate profits up to KWD 2.2 million or 11.4 Kuwaiti fils per share. The profit will be recorded in Q2-15 financials.

Al-Aman, The Securities House investment arm, has a capital above KWD 19,6 million with focus on asset management and investment advisory services.

Source: english.mubasher.info

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