Kuwait-Mubasher: Kuwait Food – Americana stock rose by 1% to reach KWD 1.920 soon after its trading suspension was lifted by the Capital Markets Authority (CMA) lifted.
In complete absence of sell orders, the stock has been purchased at the maximum price level of KWD 2.
It is noteworthy that Al Khair National for Stocks and Real Estate Company announced on Wednesday a preliminary conditional agreement to sell its 66.79% stake in Americana to Adeptio, an investment company which represents GCC investors led by Mohammad Ali Rashed Al Abbar who is the chairman of Emaar Properties.
