National Industries Group Holding (NI Group) announced that its subsidiary, Noor Financial Investment Company, has approved the sale of a property in the Qibla Area for KWD 11,250,000.
The subsidiary has signed the sale agreement and is currently completing the necessary legal and administrative procedures to finalize the transfer.
The transaction is expected to generate a net profit of approximately KWD 1,941,000 for the subsidiary, of which around KWD 990,000 is attributable to NI Group.
The financial impact of the sale is anticipated to be reflected in the parent company's consolidated financial statements for the second quarter of 2026.
Qatar Index10,685.20-0.3%
DFM Index5,872.84-1.9%
TASI11,385.82-0.7%
Emirates NBD30.58-1.0%
Dubai Electricity & Water Authority2.73-1.1%
EMAAR12.66-1.4%
EMAARDEV15.14-2.9%
ADNOC GAS3.20-1.2%
First Abu Dhabi Bank18.52-1.0%
Emirates Telecom19.14+0.2%
Abu Dhabi Commercial Bank13.00-0.9%
ALRAJHI107.60-0.7%
MAADEN69.30-1.4%
SNB41.72-0.4%
SABIC58.95-1.6%
Boubyan Bank0.68-0.3%
GULF BANK0.34+0.6%
Commercial Bank Of Kuwait0.49+1.0%
Al-ahli Bank Of Kuwait0.32+0.6%
QNB18.35+0.3%
Industries Qatar12.05+0.4%
Qatar Islamic Bank23.07-1.6%
Ooredoo13.17+0.2%