|18 February, 2020

Al Thekair seals full acquisition of KMEFIC

Mandatory acquisition of Al Thekair General Trading & Contracting Co. on the shares of Kuwait and Middle East Financial Investment

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.

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
Kuwait’s Capital Markets Authority (CMA) announced the completion of the mandatory acquisition of Al Thekair General Trading & Contracting Co. on the shares of Kuwait and Middle East Financial Investment (KMEFIC), according to a bourse statement on Monday.

In December, KMEFIC's board considered the compulsory acquisition proposal put forward by Al Thekair to buy the remaining 25.67% of its shares.

Source: Mubasher

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