18 June 2007
Aref Investment Group, a Kuwait-based investment firm, made a bid to buy a 19 per cent stake in the Kuwaiti schools operator, Excellent Education Company.

Aref obtained an initial agreement from Educational Holding Group, which is selling the 6,781,000 shares of Excellent at 330 fils apiece, or a total of more than KD2.2 million (Dh28m), said the Kuwait Stock Exchange. Educational Holding is expected to make more than KD1m (Dh12.7m) profit when the transaction is completed, said the company.

© Emirates Today 2007