Al Khair Global committed to buying Arkan Al Kuwait’ remaining shares

Al Khair Global announced earlier in the day raised its stake in Arkan Al Kuwait to 35.876% from 29.58%

  
A Kuwaiti investor looks onto the trading floor at the Kuwait Stock Exchange April 23, 2003 in Kuwait City, Kuwait. Image used for illustrative purposes.

A Kuwaiti investor looks onto the trading floor at the Kuwait Stock Exchange April 23, 2003 in Kuwait City, Kuwait. Image used for illustrative purposes.

Getty Images/Graeme Robertson
Mubasher: Al Khair Global for Buying and Selling Shares said on Tuesday that it is committed to put forward a mandatory acquisition offer for the remaining shares of Arkan Al Kuwait Real Estate, according to a bourse disclosure.

This came after Al Khair Global announced earlier in the day raised its stake in Arkan Al Kuwait to 35.876% from 29.58%, with the aim of acquiring according to a Boursa Kuwait statement.

Arkan Al Kuwait’s capital stands at KWD 25.115 million, distributed over 251.15 million shares, at 100 fils per share.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Markets