Kuwait - Wethaq Ins. receives $6.48m from real estate fund
Friday, 04 19 2019, Category: Islamic Insurance, Country: Kuwait
Wethaq Takaful Insurance has announced that it received KWD 1.97 million ($6.48 million) from a real estate fund, which is being liquefied.
The received amount represents the company’s investment pumped into the fund, Wethaq said in a bourse statement released on Thursday.
The Kuwait-listed company said that the amount would be added to its liquidity.
Wethaq reported a 4% year-on-year profit decline in 2018, registering KWD 86,400.