Kuwait – Mubasher: Boubyan Petrochemical has completed the procedures required for raising its stake in Al Borg Medical Laboratories by 4%, according to a bourse statement issued on Tuesday.
Thus, Boubyan’s stake in the Saudi firm will be 24% of the capital, with a total value standing at $16 million.
The increase rate will impact on the net profit due from Al Borg, the statement added.
