Kuwait - Mubasher: Human Soft Holding announced on Wednesday that Alothman Commercial Enterprises has sold part of its stake in the company which equals around 2.93% of the company, according to a bourse filing.
According to the company’s statement to Boursa Kuwait, Alothman has sold 3.58 million shares for a total value of KWD 10.75 million, at KWD 3 per share.
Alothman previously sold 2.707% of its stake in the company, on 23 January.
Sources told Mubasher last Sunday that after sealing Alothman’s deal, the rate of free trading on Human Soft’s shares will be increased by 25%; 30.5 million shares above the current 12% trading level.
