International Financial Advisors Holding Company announced the successful completion of a divestment transaction involving its associate company, IFA Hotels & Resorts, which sold its stake in IFA Hotels & Resorts 1 (Cayman Islands), the owner of Fairmont The Palm, to a hospitality investment fund managed by Arzan Investment Management Company. The transaction was valued at 100 million Kuwaiti dinars. An Amended and Restated Share Purchase Agreement was executed, and procedural formalities for the transfer of shares will be completed in due course. As part of the transaction, the company will gain ownership of units in the investment fund and receive cash consideration. The financial impact on IFA Hotels & Resorts is estimated to be a profit of 8.70 million Kuwaiti dinars. International Financial Advisors Holding Company will realize a share of 43.22% of these profits, amounting to 3.76 million Kuwaiti dinars, which will be reflected in the financial results for the first quarter of 2025.