Al Mazaya Holding announces off-market trade on 60mln shares
Bait Al-Amar Al-Khaleeji has become the biggest shareholder in Al Mazaya Holding with an 11.62% stake
Image used for illustrative purpose. Salem Al-Mieh (L) and Jassem Al-Kandari work the phones at a brokerage firm in the Kuwait stock exchangeDecember 1, 2002 in Kuwait City, Kuwait. With the possibilities of war in Iraq looming investors are unsure what that will do to the market.
Getty Images/Joe Raedle
By Staff Writer, Mubasher
Mubasher: Bait Al-Amar Al-Khaleeji General Trading and Contracting has purchased 60.029 million shares of Al Mazaya Holding from Gimbal Holding Company through an off-market trade.
The deal is priced at KWD 0.063 per share, aggregating at a total value of KWD 3.781 million, according to the company's disclosure to Boursa Kuwait on Monday.
Hence, Bait Al-Amar Al-Khaleeji has become the biggest shareholder in Al Mazaya Holding with an 11.62% stake.
It is noteworthy to mention that on 24 May 2021, Bait Al-Amar Al-Khaleeji General Trading and Contracting purchased 80 million shares of Al Mazaya from Gimbal Holding Company.
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