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NBK-Egypt won’t announce 2017 consolidated financial statements

NBK-Egypt won’t announce 2017 consolidated financial statements

ArabFinance: National Bank of Kuwait (NBKE) declared in a statement sent to EGX, the investments in Red Island for Touristic Projects was reclassified to financial assets held for sale.

The Bank added that it intended to sell investments in Red Island for Touristic Projects within a year.

According to the above-mentioned, the bank will not disclose 2017 consolidated financial statements.

It is worth to mention, the Bank owns 70% of Red Island for Touristic Projects.

 

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