Mubasher: Mabanee Co has scheduled 28 October to launch The Avenues Complex in Manama, Bahrain.

The Kuwaiti company clarified that its 100%-owned subsidiary Mabanee Bahrain acquires 35% in The Avenues project, according to a bourse statement issued on Sunday.

Mabanee clarified that no essential financial impact will affect the income statements for fiscal year 2017.

At the stock level, Mabanee closed Sunday’s session 0.38% lower at 792 fils.