Mubasher: Investments by Gulf Investment House (GIH) will increase by KWD 528,545 following the acquisition deal concluded by its unit, Afkar Holding, of Al Watania Paper Products Company (Waper), a subsidiary of National Consumer Holding Company (NCHC).
The deal is valued at KWD 1.018 million, according to a disclosure to Boursa Kuwait on Wednesday.
NCHC owns 99% of Waper's share capital, with a value that amounts to KWD 1.1 million.
On Tuesday, NCHC's board accepted Afkar Holding’s offer to fully acquire Waper.
Source: Mubasher
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