Al Mazaya Holding completes off-market trade for 25mln shares

The deal was priced at 70 fils per share, aggregating at a total amount of $5.83mln

  
A Kuwaiti trader is seen at the Kuwait Boursa stock market trading hall in Kuwait city, Kuwait September 16, 2019.

A Kuwaiti trader is seen at the Kuwait Boursa stock market trading hall in Kuwait city, Kuwait September 16, 2019.

REUTERS/Stephanie McGehee
Kuwait  -Al Mazaya Holding has announced the execution of an off-market trade for 25 million of its shares on Boursa Kuwait.

The deal was priced at 70 fils per share, aggregating at a total amount of KWD 1.75 million ($5.83 million), according to the company's disclosure to Boursa Kuwait on Thursday.

It is noteworthy to mention that during the first quarter (Q1) of 2021, the company reported KWD 41,649 net profits attributable to the shareholders of the parent company, against net losses of KWD 3.46 million in the year-ago period.

Source: Mubasher

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