Kuwait-Mubasher: Al Bareeq Holding had made an exchange deal for 90% of the unlisted shares of Al Bareeq, for a total value worth KWD 7.4 million.
The deal was made in return for 78% stake of Tadawal International which is owned by Al Bareeq’s deputy chairman Abdulwahab Al Sanad.
Al Bareeq said in a bourse filing that the exchange agreement will result in a profit worth about KWD 570,000 ($1.88 million).
