Mubasher: Al Kout Industrial Projects said that Afkar Holding has submitted its resignation from Al Kout’s board of directors, according to a bourse statement on Monday.
Following this resignation which will be effective starting from 21 February, Afkar’s representative in Al Kout’s board, Bashar Naser Al Tuwaijri, has resigned.
Al Kout noted that Afkar Holding owns a stake of 10%; the resignation was submitted as a change of Afkar’s business from owning to exiting, the statement added.
Al Kout’s capital stands at KWD 10.09 million distributed on 100.9 million shares at a par value of 100 fils each.
It is noteworthy that Boubyan Petrochemical owns the largest stake of 24.75% in Al Kout.
