Al Khair Global raises stake in Arkan Al Kuwait to 35.9%

Al Khair expanded its stake in Arkan Al Kuwait to 35.876%, from 29.58%

  
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
Mubasher: Al Khair Global for Buying and Selling Shares shifted its business in Arkan Al Kuwait Real Estate into acquisition, according to a Boursa Kuwait statement.

Al Khair expanded its stake in Arkan Al Kuwait to 35.876%, from 29.58%, raising the number of its shares in the company to 90.105 million shares, from 74.299 million, the Kuwaiti bourse said on Tuesday.

The change in the shareholding stake took effect on 15 December 2019, the statement said.

Earlier in the day, Arkan Al Kuwait announced that a member of its board sold 6.3 million shares on Sunday at 70.5 fils per share.

Source: Mubasher

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