Al Mazaya Holding announces off-market trade on 80mln shares

Gimbal Holding Company is the largest shareholder in Al Mazaya Holding, holding 24% of the capital

  
An investor gestures as he monitors a screen displaying stock information in Riyadh, Saudi Arabia, November 6, 2017.

An investor gestures as he monitors a screen displaying stock information in Riyadh, Saudi Arabia, November 6, 2017.

REUTERS/Faisal Al Nasser
Kuwait - Bait AL-Amar Al-Khaleeji General Trading and Contracting has purchased 80 million shares of Al Mazaya Holding from Gimbal Holding Company in an off-market trade.

The transaction is valued at KWD 0.063, aggregating at a total amount of KWD 5.04 million, according to the company's disclosure to Boursa Kuwait on Monday.

Gimbal Holding Company is the largest shareholder in Al Mazaya Holding, holding 24% of the capital.

It is noteworthy to mention that the company has previously announced the execution of an off-market trade for 25 million of its shares on Boursa Kuwait.

Source: Mubasher

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