Kuwait-Mubasher: Arzan Financial Group for Financing and Investment said that its subsidiary Arzan Wealth “Dubai” has provided a consultancy regarding the takeover of Saint-Gobain’s headquarters, in participation with Arzan Financial Group for Financing and Investment, according to a bourse statement issued Sunday.
Arzan said that the group is among the investors that took part in the project, with a stake amounting to KWD 4.75 million ($15.78 million).
It is noteworthy that Arzan Wealth “Dubai” is subject to the supervision of Dubai Financial Services Authority.
It is noteworthy that The Wall Street Journal said on 23 February that “A venture of a private-equity firm and Middle East investor has purchased Saint-Gobain SA’s North American headquarters near Philadelphia in a $123 million deal that shines some light on how this year’s turmoil in the global capital markets is affecting commercial real estate.”
Arzan stock grew 6.65% to close at 32.5 fils by the end of Sunday’s trading session, after about 247,400 shares were traded with a value worth around KWD 7,900.
